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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.
[3] [4] While much of its energy comes from fossil fuels, as of 2024, India is in the midst of a very rapid growth of solar and other renewable energy. However, this page currently only discusses the country's fossil fuel–based energy. For information about its renewable energy sources, see the page Renewable energy in India.
An energy transition is a broad shift in technologies and behaviours that are needed to replace one source of energy with another. [14]: 202–203 A prime example is the change from a pre-industrial system relying on traditional biomass, wind, water and muscle power to an industrial system characterized by pervasive mechanization, steam power and the use of coal.
The energy policy of India is characterized by trade-offs between four major drivers: A rapidly growing economy, with a need for dependable and reliable supply of electricity, gas, and petroleum products; [25] Increasing household incomes, with a need for an affordable and adequate supply of electricity, and clean cooking fuels; limited ...
Europe has a shale gas resource estimate of 639 trillion cubic feet (18.1 × 10 ^ 12 m 3) compared with America's reserves 862 trillion cubic feet (24.4 × 10 ^ 12 m 3), but its geology is more complicated and the oil and gas more expensive to extract, with a well likely to cost as much as three-and-a-half times more than one in the United ...
The majority of the emissions, almost 97%, came from direct burning of fossil fuels. [3] In 2019, about 95% of the fuel came from fossil sources. The main source of greenhouse gas emissions in the European Union is transportation. In 2019 it contributes to about 31% of global emissions and 24% of emissions in the EU.
The front-page story "Why is it so hot?" answers the question incorrectly. If we continue to burn fossil fuels, things will only get worse.
India imports small amounts of natural gas. In 2004, India consumed about 1,089 × 10 ^ 9 cu ft (3.08 × 10 10 m 3) of natural gas, the first year in which the country showed net natural gas imports. During 2004, India imported 93 × 10 ^ 9 cu ft (2.6 × 10 9 m 3) of liquefied natural gas (LNG) from Qatar. [16]