Tag Archives: fossil fules

Mark Carney: most fossil fuel reserves can’t be burned | Environment | theguardian.com

14 Oct

The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions.

According to reports, Carney told a World Bank seminar on integrated reporting on Friday that the “vast majority of reserves are unburnable” if global temperature rises are to be limited to below 2C.

Carney is the latest high profile figure to lend his weight to the “carbon bubble” theory, which warns that fossil fuel assets, such as coal, oil and gas, could be significantly devalued if a global deal to tackle climate change is reached.

via Mark Carney: most fossil fuel reserves can’t be burned | Environment | theguardian.com.

Life After Oil and Gas – NYTimes.com

24 Mar

As renewable energy gets cheaper and machines and buildings become more energy efficient, a number of countries that two decades ago ran on a fuel mix much like America’s are successfully dialing down their fossil fuel habits. Thirteen countries got more than 30 percent of their electricity from renewable energy in 2011, according to the Paris-based International Energy Agency, and many are aiming still higher.

Could we? Should we?

A National Research Council report released last week concluded that the United States could halve by 2030 the oil used in cars and trucks compared with 2005 levels by improving the efficiency of gasoline-powered vehicles and by relying more on cars that use alternative power sources, like electric batteries and biofuels.

via Life After Oil and Gas – NYTimes.com.

Can Wind, Water and Sunlight Power New York by 2050? – NYTimes.com

13 Mar

A group of scientists and energy analysts has laid out a path under which New York State could, in theory, eliminate its use of fossil fuels and nuclear power — including for transportation — by 2050. The graph above charts the contributions played by improved efficiency and adoption of renewable electricity sources as well as hydrogen fuel cells (with the hydrogen generated with renewable energy).

In particular, note this:

Rapid expansion of micro WWS [wind, water, sunlight] generation and associated decentralized infrastructure: rooftop solar, micro-wind, V2G, smart grids. These are mainly upgrades and additions to infrastructure, rather than replacement. And again, the correct evaluation basis is full social cost-benefit analysis over the entire physical lifetime, at near-zero discount rate.

via Can Wind, Water and Sunlight Power New York by 2050? – NYTimes.com.