Fossil fuels

November 13, 2024 10:07 AM

Global CO2 emissions to hit record high in 2024, report says

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate extremes, scientists said on Wednesday. The Global Carbon Budget report, published during the U.N.'s COP29 climate summit in Azerbaijan, said global CO2 emissions are set to total 41.6 billion metric tons in 2024, up from 40.6 billion tons last year. The bulk of these emissions are fro...

September 28, 2024 5:23 PM

Fossil fuel dominance in electricity generation to end by 2030, renewable to cross 50% share: RBI

The Reserve Bank of India (RBI) has projected that the dominance of fossil fuels in electricity generation will conclude by the end of the decade, according to its latest report. The central bank forecasts that renewable energy is set to account for more than 50% of global electricity generation as part of a significant energy transition. The report highlights an acceleration in the transition to clean energy, noting a surge in the deployment of clean technologies and capital investment to unpr...

September 16, 2024 6:03 PM

2024 could be world’s hottest year as June breaks records

Last month was the hottest June on record, the EU's climate change monitoring service said on Monday, continuing a streak of exceptional temperatures that some scientists said puts 2024 on track to be the world's hottest recorded year. Every month since June 2023 - 13 months in a row - has ranked as the planet's hottest since records began, compared with the corresponding month in previous years, the European Union's Copernicus Climate Change Service (C3S) said in a monthly bulletin. The lates...