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While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed [16] to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases.
In October 2007, the Clark Labour government introduced a 10 year moratorium on new fossil fuel thermal power generation. [203] The ban was limited to state-owned utilities, although an extension to the private sector was considered. The new government under MP John Key elected in the 2008 New Zealand general election, repealed this legislation.
_ Coal <10% of grid electricity _ Coal <10% of grid electricity (PPCA member) _ Coal <0.1% of grid electricity _ No data. Alliance members agree that: [9] Governments/states will phase out existing traditional coal power. Governments/states will create a moratorium on any new traditional coal power stations without operational carbon capture ...
U.S. oil has been stuck around $70 per barrel for weeks and traded little changed at $68.75 on Thursday after the announcement, down from $80 in August. ... in the first quarter of next year and ...
Philippine interest rates could rise by more than 100 basis points before the year ends, the central bank governor said on Monday, in step with large rate hikes expected to be delivered by the U.S ...
A U.S. appeals court on Wednesday struck down a moratorium on coal leasing from federal lands in a move that could open the door to future coal sales from vast, publicly owned reserves of the fuel ...
The Philippines consumes more coal than it can produce and coal is the main source of electricity. 20% of the country's coal supply is used by the cement industry (in 2005). [ 1 ] As of September 31, 2005, the in situ coal reserves of the Philippines amounts to 458 million metric tons which is about 18% of the country's total coal resource ...
It is located within a region that experiences the highest rate of typhoons in the world, averaging 20 typhoons annually, with about 7–9 that actually make landfall. [1] In 2009, the Philippines had the third highest number of casualties from natural disasters with the second most number of victims. [23]