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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.
Fossil fuels were rapidly adopted during the Industrial Revolution, because they were more concentrated and flexible than traditional energy sources, such as water power. They have become a pivotal part of our contemporary society, with most countries in the world burning fossil fuels in order to produce power, but are falling out of favor due ...
Renewable energy sources are even larger than the traditional fossil fuels and in theory can easily supply the world's energy needs. 89 PW [32] of solar power falls on the planet's surface. While it is not possible to capture all, or even most, of this energy, capturing less than 0.02% would be enough to meet the current energy needs.
A coal mine in Wyoming, United States. Coal, produced over millions of years, is a finite and non-renewable resource on a human time scale.. A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. [1]
This phenomenon is popularly known as global dimming, [48] and is primarily attributed to sulfate aerosols produced by the combustion of fossil fuels with heavy sulfur concentrations like coal and bunker fuel. [9] Smaller contributions come from black carbon, organic carbon from combustion of fossil fuels and biofuels, and from anthropogenic dust.
The president of the COP28 climate summit claimed there is “no science” that says the phase out of fossil fuels is required to limit global warming to 1.5 degrees above pre-industrial levels ...
Fossil fuel use can be phased out by conserving energy and switching to energy sources that do not produce significant carbon pollution. These energy sources include wind, solar, hydro, and nuclear power. [25] Cleanly generated electricity can replace fossil fuels for powering transportation, heating buildings, and running industrial processes ...
Fifty years ago, he was a climate warrior who pushed for a world where we conserved energy, limited emissions and traded our reliance on fossil fuels for expanded renewable sources.