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Massive fossil fuels cut is last chance to limit global warming, researchers say

2015-01-09 11:16:00| Climate Ark Climate Change & Global Warming Newsfeed

EurActiv: While the worlds fossil fuel reserves are already limited, new research published in Nature magazine argues that these energy sources should already be out of commission, in order to salvage a 50% chance of stopping global warming. EurActiv Germany reports. According to the study, approximately 80% of current technically and economically recoverable coal, 50% of gas reserves, and 30% of oil reserves would have to remain untapped over the next 40 years to slow global warming. 21% of Europes oil...

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Leave Fossil Fuels Untapped to Prevent Catastrophic Climate Change, Study Urges

2015-01-08 16:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Change Network: The sheer scale of the fossil fuel reserves that will need to be left unexploited for decades if world leaders sign up to a radical climate agreement is revealed in a study by a team of British scientists. It shows that almost all the huge coal reserves in China, Russia and the U.S. should remain unused, along with more than 260 billion barrels of oil reserves in the Middle Eastthe equivalent of Saudi Arabias total oil reserves. The Middle East would also need to leave more than 60 percent of...

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Goal to end fossil fuels by 2050 surfaces Lima UN climate documents

2014-12-11 00:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Its a rare thing when you can point to paragraphs in a United Nations climate negotiating text and feel they more or less match what most of the science says should become a reality. Yet in Lima on Monday, it happened. Our little revolutionary moment comes in a document with the memorable title ADP 2-7 agenda item 3 Elements for a draft negotiating text with its climate-busting section D (paragraph 13.2) outlining several possible long-term goals for a new climate change agreement. Heres...

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At climate talks, UN calls fossil fuels 'high risk' investment

2014-12-02 01:27:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Falling oil prices show the "high risk" of fossil fuel investments compared with renewable energies, the U.N.'s climate chief said on Monday at the start of 190-nation talks on a deal to slow global warming. The Dec. 1-12 meeting in Lima opened with hopes that a U.N. deal to slow climate change is in reach for 2015, helped by goals set by China, the United States and the European Union to cut greenhouse emissions, mainly from burning fossil fuels. Christiana Figueres, head of the U.N.'s Climate...

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Solar and wind power are now fully cost competitive with fossil fuels is it time to switch over?

2014-12-01 20:20:51| Extremetech

Renewable energy production has boomed across the globe in recent years, driven by improvements to solar and wind turbines, increased economies of scale, and in some cases, significant government subsidies. A new report from financial advisory and asset management firm Lazard now finds that the unsubsidized cost of solar and wind power has already reached parity with conventional fossil fuels in many parts of the United States.

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