Fossil Fuel Energy

Fossil Fuel Energy

Fossil fuel energy news, blogs, and links

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Written by Greenbang on
By subsidising fossil fuels, the world’s leading economies are “artificially suppressing clean energy” and bringing the world “closer to irreversible and catastrophic climate change,” members of the Green Economy Coalition wrote today in a letter to ministers of finance for G-20 countries. The letter (pdf) praised the G-20 for last September committing to a medium-term phase-out of fossil fuel subsidies that “encourage wasteful consumption,” and added a list of five recommendations for finance ministers: Agree to standardised and regular reporting of current fossil fuel subsidies to make good on the G-20’s promise of full disclosure; Work with the international community to research both the ... Read Full Story
LONDON/OSLO (Reuters) - A draft G20 commitment to end fossil fuel subsidies in the "medium-term," pushed by U.S. President Barack Obama, could be a step to help a new U.N. climate deal in December. The Group of 20 meeting in Pittsburgh planned to agree on Friday to phase out subsidies on oil, gas and coal, and so curb global greenhouse gases by about a tenth by 2050, said a draft text seen by Reuters. Scrapping fossil fuel support could highlight cheap emissions cuts for developing nations, chiefly responsible for such handouts, and so aid U.N. talks meant agree a new climate pact in Copenhagen ... Read Full Story
PITTSBURGH (Reuters) - The Group of 20 will agree to phase out subsidies on oil and other fossil fuels in the "medium term," but will not set a firm timetable for the move aimed at combating global warming, a draft statement said. The G20 will also intensify efforts to reach a U.N. deal on climate change later this year, said the draft communique obtained by Reuters at a G20 summit in Pittsburgh. The leaders will ask their finance ministers to come up with a range of options for climate finance -- payments from rich countries to poor countries dealing with global warming -- at ... Read Full Story
NEW YORK (Reuters) - The United States is still working toward an agreement with G20 partners to phase out subsidies for fossil fuels, a top White House adviser said ahead of this week's G20 summit. Michael Froman, deputy national security adviser and top G20 aide to President Barack Obama, said the United States was hoping to reach an agreement about the issue at the Pittsburgh summit on Thursday and Friday. "We've put on the table the desirability of reaching an agreement to phase out fossil fuel subsidies," Froman told reporters in remarks embargoed for release on Wednesday. "We're working with the rest of the ... Read Full Story
Written by DocRichard on
This from the 300-350 Show: Phasing out fossil fuel subsidies A pre-requisite for making the transition to a clean energy future is to switch subsidies from fossil fuels to renewable energy projects. If that’s the case, why are we still bank-rolling dirty energy projects in developing countries? World Bank lending for fossil fuels rose by 94% between 2007 & 2008 to over $3 billion which far outweighs the $476 million they gave to “new renewables” energy projects. World Bank lending for coal in particular rose 256% from 2007 to 2008. This contradicts the Bank’s own rhetoric in their “World Development Report” published in September ... Read Full Story
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Brazilian sugar producers say sugar-based fuel is more environmentally sound than electricity or corn ethanol as an alternative for powering cars. But the odds are long for a change. Who could resent the attention being showered on electric cars? Stylish and clean, they're the darling of the renewable-energy crowd, which is hailing the scheduled rollout...  
From latimes.com ()
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Though you won't hear it from the biofuels lobby, ethanol actually generates the same amount of greenhouse gas as fossil fuels, or more, per unit of energy. But this was still supposed to be better than coal or oil because ethanol's CO2 is "recycled." Since plants absorb and store carbon that is already in the atmosphere, burning them as fuel would create no new emissions, whereas fossil fuels release CO2 that has been buried for millions of...  
From freerepublic.com ()
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John Mertens, who is running as an independent for the U.S. Senate, is calling for a sharp change in federal policy regarding ethanol production. His proposal, released this morning, includes a freeze on federally-mandated ethanol production. He is also calling for the federal corn ethanol subsidy to be phased out over the next five years as well as elimination of the ethanol import tariff.    
From blogs.courant.com ()
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Filed under: Ethanol, Legislation and Policy It's no secret that ethanol is a controversial fuel. There are numerous arguments against the use of corn-derived alcohol as a fuel, both economic and environmental. The federal and some state governments have been subsidizing corn ethanol production for many years, but the 2007 energy bill mandated a huge increase in production of both corn and cellulosic ethanol. The subsidies were intended to...  
From autobloggreen.com ()
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For every dollar that the federal government spent on renewable energies between 2002 and 2008, it put about $2.43 -- nearly two and a half times as much -- into subsidies for fossil fuels. As detailed in a new report, "Estimating U.S. Government Subsidies to Energy Sources: 2002-2008," this enormously tilted playing field gives quite a marketplace advantage to companies that are already among the most lucrative on Earth. These figures suck a...  
From change.org ()
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