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Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels.
Commonly, the term fossil fuel also includes hydrocarbon-containing natural resources that are not derived entirely from biological sources, such as tar sands. These latter sources are properly known as mineral fuels. Fossil fuels contain high percentages of carbon and include coal, petroleum, and natural gas. [12]
Russian fossil gas was perceived as a "safe, cheap, and temporary" fuel to replace nuclear power in the initial phase of Energiewende as part of the German policy of integrating Russia with the European Union through mutually beneficial trade relations. German dependency on Russian gas imports was presented as "mutual dependency."
As of 2021, 1,300 institutions possessing US$14.6 trillion have divested from the fossil fuel industry. [1]Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to ...
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 ...
Natural gas burning on a gas stove Burning of natural gas coming out of the ground. Natural gas (also called fossil gas, methane gas, or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane (95%) [1] in addition to various smaller amounts of other higher alkanes.
Carbon-based fuel is any fuel principally from the oxidation or burning of carbon.Carbon-based fuels are of two main kinds, biofuels and fossil fuels.Whereas biofuels are derived from recent-growth organic matter [1] and are typically harvested, as with logging of forests and cutting of corn, fossil fuels are of prehistoric origin [2] and are extracted from the ground, the principal fossil ...
Fossil fuel phase-out is the gradual reduction of the use and production of fossil fuels to zero, to reduce air pollution, limit climate change, and strengthen energy independence. It is part of the ongoing renewable energy transition , but is being hindered by fossil fuel subsidies .