Fossil Fuel Consumption

Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical Review of World Energy report said on Thursday.

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst impacts of climate change, signaling the eventual end of the oil age.

In India, over 330,000 people died in 2020 of exposure to particulate matter from fossil fuel combustion, estimates the report by The Lancet. That's 1.2 deaths every two minutes.

Bitcoin has made slim gains in the use of green energy, or sustainable energy this year, according to research by Cambridge University. Fossil fuels made up some 62 percent of Bitcoin's energy mix in January 2022, the latest data available, versus 65 percent a year earlier, as per the Cambridge Bitcoin Electricity Consumption Index (CBECI). The stu...

Burning the world's remaining fossil fuel reserves would unleash 3.5 trillion tonnes of greenhouse gas emissions, according to the first public inventory of hydrocarbons released Monday.

India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.

The global cost of air pollution caused by fossil fuels is $8 billion a day, or roughly 3.3 percent of the entire world's economic output, an environmental research group said on Wednesday.

India consumed 211.6 million tonne of petroleum products in 2018-19. Of this, diesel consumption was 83.5 million tonne and petrol 28.3 million tonne.

The world's major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.

While energy consumption will grow by 4.2 per cent per annum -- faster than all major economies in the world -- India's consumption growth of fossil fuels would be the largest in the world.

Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas and coal, instead of choosing renewable energy, unless governments pass new taxes on carbon emissions, according to a new study.

The shine is coming off once bright prospects for natural gas as the future fossil fuel of choice in Asia as power companies in India and Southeast Asia tap abundant and cheap domestic coal resources to generate electricity.

Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical Review of World Energy report said on Thursday.

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst impacts of climate change, signaling the eventual end of the oil age.

In India, over 330,000 people died in 2020 of exposure to particulate matter from fossil fuel combustion, estimates the report by The Lancet. That's 1.2 deaths every two minutes.

Bitcoin has made slim gains in the use of green energy, or sustainable energy this year, according to research by Cambridge University. Fossil fuels made up some 62 percent of Bitcoin's energy mix in January 2022, the latest data available, versus 65 percent a year earlier, as per the Cambridge Bitcoin Electricity Consumption Index (CBECI). The stu...

Burning the world's remaining fossil fuel reserves would unleash 3.5 trillion tonnes of greenhouse gas emissions, according to the first public inventory of hydrocarbons released Monday.

India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.

The global cost of air pollution caused by fossil fuels is $8 billion a day, or roughly 3.3 percent of the entire world's economic output, an environmental research group said on Wednesday.

India consumed 211.6 million tonne of petroleum products in 2018-19. Of this, diesel consumption was 83.5 million tonne and petrol 28.3 million tonne.

The world's major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.

While energy consumption will grow by 4.2 per cent per annum -- faster than all major economies in the world -- India's consumption growth of fossil fuels would be the largest in the world.

Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas and coal, instead of choosing renewable energy, unless governments pass new taxes on carbon emissions, according to a new study.

The shine is coming off once bright prospects for natural gas as the future fossil fuel of choice in Asia as power companies in India and Southeast Asia tap abundant and cheap domestic coal resources to generate electricity.