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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.
The use of fossil fuels in the 18th and 19th century set the stage for the Industrial Revolution. Fossil fuels make up the bulk of the world's current primary energy sources. In 2005, 81% of the world's energy needs was met from fossil sources. [3] The technology and infrastructure for the use of fossil fuels already exist.
Examples include China which switched from providing subsidies for fossil fuels to providing subsidies for renewable energy. [75] Other examples include Sweden which created laws which are designed to eventually phase out the use of petroleum, which is known as the 15-year plan. [76]
Clean Energy Fuels (NAS: CLNE) carries $173.4 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
As of 2019, 37% of global electricity is produced from low-carbon sources (renewables and nuclear energy). Fossil fuels, primarily coal, produce the rest of the electricity supply. [160] One of the easiest and fastest ways to reduce greenhouse gas emissions is to phase out coal-fired power plants and increase renewable electricity generation. [136]
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]
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 ...
A carbon pool can be thought of as the overarching term, and carbon sink is then a particular type of carbon pool: [9] A carbon pool is all the places where carbon can be stored (for example the atmosphere, oceans, soil, plants, and fossil fuels). [2]: 2244