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The world isn’t on track to meet its climate goals — and it’s the public’s fault, a leading oil company CEO told journalists.
Exxon Mobil Corp. CEO Darren Woods told editors from Fortune that the world has “waited too long” to begin investing in a broader suite of technologies to slow planetary heating.
That heating is largely caused by the burning of fossil fuels, and much of the current impacts of that combustion — rising temperatures, extreme weather — were predicted by Exxon scientists almost half a century ago.
The company’s 1970s and 1980s projections were “at least as skillful as, those of independent academic and government models,” according to a 2023 Harvard study.
Since taking over from former CEO Rex Tillerson, Woods has walked a tightrope between acknowledging the critical problem of climate change — as well as the role of fossil fuels in helping drive it — while insisting fossil fuels must also provide the solution.
In comments before last year’s United Nations Climate Conference (COP28), Woods made a forceful case for carbon capture and storage, a technology in which the planet-heating chemicals released by burning fossil fuels are collected and stored underground.
“While renewable energy is essential to help the world achieve net zero, it is not sufficient,” he said. “Wind and solar alone can’t solve emissions in the industrial sectors that are at the heart of a modern society.”
International experts agree with the idea in the broadest strokes.
Carbon capture marks an essential component of the transition to “net zero,” in which no new chemicals like carbon dioxide or methane reach — and heat — the atmosphere, according to a report by International Energy Agency (IEA) last year.
But the remaining question is how much carbon capture will be needed, which depends on the future role of fossil fuels.
While this technology is feasible, it is very expensive — particularly in a paradigm in which new renewables already outcompete fossil fuels on price.
And the fossil fuel industry hasn’t been spending money on developing carbon capture technology, IEA head Fatih Birol wrote last year on X, the platform formerly known as Twitter.
To be part of a climate solution, Birol added, the fossil fuel industry must “let go of the illusion that implausibly large amounts of carbon capture are the solution.”
He noted that capturing and storing current fossil fuel emissions would require a thousand-fold leap in annual investment from $4 billion in 2022 to $3.5 trillion.
In his comments Tuesday, Woods argued the “dirty secret” is that customers weren’t willing to pay for the added cost of cleaner fossil fuels.
Referring to carbon capture, Woods said Exxon has “tabled proposals” with governments “to get out there and start down this path using existing technology.”
“People can’t afford it, and governments around the world rightly know that their constituents will have real concerns,” he added. “So we’ve got to find a way to get the cost down to grow the utility of the solution, and make it more available and more affordable, so that you can begin the [clean energy] transition.”
For example, he said Exxon “could, today, make sustainable aviation fuel for the airline business. But the airline companies can’t afford to pay.”
Woods blamed “activists” for trying to exclude the fossil fuel industry from the fight to slow rising temperatures, even though the sector is “the industry that has the most capacity and the highest potential for helping with some of the technologies.”
That is an increasingly controversial argument. Across the world, wind and solar plants with giant attached batteries are outcompeting gas plants, though battery life still needs to be longer to make renewable power truly dispatchable.
Carbon capture is “an answer in search of a question,” Gregory Nemet, a public policy professor at the University of Wisconsin, told The Hill last year.
“If your question is what to do about climate change, your answer is one thing,” he said — likely a massive buildout in solar, wind and batteries.
But for fossil fuel companies asking “‘What is the role for natural gas in a carbon-constrained world?’ — well, maybe carbon capture has to be part of your answer.”
In the background of Woods’s comments about customers’ unwillingness to pay for cleaner fossil fuels is a bigger debate over price in general.
This spring, the Securities and Exchange Commission (SEC) will release its finalized rule on companies’ climate disclosures.
That much-anticipated rule will weigh in on the key question of whose responsibility it is to account for emissions — the customer who burns them (Scope II), or the fossil fuel company that produces them (Scope III).
Exxon has long argued for Scope II, based on the idea that it provides a product and is not responsible for how customers use it.
Last week, Reuters reported that the SEC would likely drop Scope III, a positive development for the companies.
Woods argued last year that SEC Scope III rules would cause Exxon to produce less fossil fuels — which he said would perversely raise global emissions, as its products were replaced by dirtier production elsewhere.
This broad idea — that fossil fuels use can only be cleaned up on the “demand side” — is one some economists dispute.
For the U.S. to decarbonize in an orderly fashion, “restrictive supply-side policies that curtail fossil fuel extraction and support workers and communities must play a role,” Rutgers University economists Mark Paul and Lina Moe wrote last year.
Without concrete moves to plan for a reduction in the fossil fuel supply, “the end of fossil fuels will be a chaotic collapse where workers, communities, and the environment suffer,” they added.
But Woods’s comments Tuesday doubled down on the claim that the energy transition will succeed only when end-users pay the price.
“People who are generating the emissions need to be aware of [it] and pay the price,” Woods said. “That’s ultimately how you solve the problem.”
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dadsinsuits · 1 year
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Fatih Birol
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yesilhaber · 2 years
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Temiz enerji teknolojileri bu yıl 600 milyon ton emisyonu önledi
Temiz enerji teknolojileri bu yıl 600 milyon ton emisyonu önledi
Uluslararası Enerji Ajansı’nın (IEA) analizine göre, geçen yıl dünya ekonomisinin Covid-19 salgını sonrası hızla toparlanmasıyla fosil yakıtlardan kaynaklanan karbon emisyonları 2 milyar ton artış göstermişti. Bu yıl ise enerji krizi nedeniyle kömüre talep artmasına rağmen karbon emisyonlarının yaklaşık 300 milyon ton yükseleceği ve bu artışın geçen yıla göre yüzde 1’in altında kalacağı…
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IEA Chief Discusses G20, COP30 Energy Priorities with Brazil's President Lula
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IEA Executive Director Fatih Birol met with President Luiz Inácio Lula da Silva of Brazil this week for an extensive and wide-ranging conversation on major energy and climate issues at the start of Brazil's G20 Presidency.
An IEA delegation led by Dr Birol travelled to Brasília to discuss Brazil's efforts to accelerate just and inclusive energy transitions during its G20 Presidency this year and into its COP30 Presidency in 2025, as well as how the IEA can provide support.
In a bilateral meeting at the Presidential Palace, Dr Birol and President Lula spoke about the major opportunities ahead for Brazil, which as a sustainability champion and strong voice for emerging economies around the world can lead the way forward at a crucial moment for international action on energy and climate.
During the visit, Dr Birol, who was hosted by Minister of Mines and Energy Alexandre Silveira, noted that Brazil's strong commitment to sustainable development and inclusiveness makes it uniquely suited to advance energy and climate negotiations in a balanced way - especially on important topics such as the social dimension of energy transitions and mobilising finance for clean energy in the developing world.
Continue reading.
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alicemccombs · 2 years
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xlockscreenx · 2 years
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Gegen die Wand (2004) | Lockscreens
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whosthatknocking · 2 years
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Gegen die Wand | Head-On (2004), dir. Fatih Akin
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afeelgoodblog · 1 year
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The Best News of Last Week
1. ‘We are just getting started’: the plastic-eating bacteria that could change the world
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In 2016, Japanese scientists Oda and Hiraga published their discovery of Ideonella sakaiensis, a bacterium capable of breaking down PET plastic into basic nutrients. This finding marked a shift in microbiology's perception, recognizing the potential of microbes to solve pressing environmental issues.
France's Carbios has successfully applied bacterial enzyme technology to recycle PET plastic waste into new plastic products, aligning with the French government's goal of fully recycling plastic packaging by 2025.
2. HIV cases in Amsterdam drop to almost zero after PrEP scheme
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According to Dutch AIDS Fund, there were only nine new cases of the virus in Amsterdam in 2022, down from 66 people diagnosed in 2021. The organisation claimed that 128 people were diagnosed with HIV in Amsterdam in 2019, and since 2010, the number of new infections in the Dutch capital has fallen by 95 per cent.
3. Cheap and drinkable water from desalination is finally a reality
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In a groundbreaking endeavor, engineers from MIT and China have designed a passive solar desalination system aimed at converting seawater into drinkable water.
The concept, articulated in a study published in the journal Joule, harnesses the dual powers of the sun and the inherent properties of seawater, emulating the ocean’s “thermohaline” circulation on a smaller scale, to evaporate water and leave salt behind.
4. World’s 1st drug to regrow teeth enters clinical trials
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The ability to regrow your own teeth could be just around the corner. A team of scientists, led by a Japanese pharmaceutical startup, are getting set to start human trials on a new drug that has successfully grown new teeth in animal test subjects.
Toregem Biopharma is slated to begin clinical trials in July of next year after it succeeded growing new teeth in mice five years ago, the Japan Times reports.
5. After Decades of Pressure, US Drugmaker J&J Gives Up Patent on Life-Saving TB Drug
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In what can be termed a huge development for drug-resistant TB (DR-TB) patients across large parts of the world, bedaquiline maker Johnson and Johnson said on September 30 (Saturday) that it would drop its patent over the drug in 134 low- and middle-income countries (LMICs).
6. Stranded dolphins rescued from shallow river in Massachusetts
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7. ‘Staggering’ green growth gives hope for 1.5C, says global energy chief
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The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said.
Fatih Birol, the executive director of the International Energy Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging.
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altinovaguncel · 1 year
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Altınova Belediyespor’da yeni dönem başladı
Vetraco Altınova Belediyespor Kulüp Başkanlığı��na seçilen iş insanı Yüksel Kahriman, düzenlenen törenle Sedat Ok’tan teslim aldı. Altınova Belediyespor’un hedefininin şampiyonluk olduğunu dile getiren Kahriman ve Ok, “Tek hedefimiz 3. Lige çıkmak” diye konuştular. Yüksel Kahriman ve Altınova Belediyespor’un yeni yönetimini kutlayarak başarılar dileyen Altınova Belediye Başkanı Dr. Metin Oral da,…
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reasonsforhope · 1 year
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"India’s announcement that it aims to reach net zero emissions by 2070 and to meet fifty percent of its electricity requirements from renewable energy sources by 2030 is a hugely significant moment for the global fight against climate change. India is pioneering a new model of economic development that could avoid the carbon-intensive approaches that many countries have pursued in the past – and provide a blueprint for other developing economies.
The scale of transformation in India is stunning. Its economic growth has been among the highest in the world over the past two decades, lifting of millions of people out of poverty. Every year, India adds a city the size of London to its urban population, involving vast construction of new buildings, factories and transportation networks. Coal and oil have so far served as bedrocks of India’s industrial growth and modernisation, giving a rising number of Indian people access to modern energy services. This includes adding new electricity connections for 50 million citizens each year over the past decade. 
The rapid growth in fossil energy consumption has also meant India’s annual CO2 emissions have risen to become the third highest in the world. However, India’s CO2 emissions per person put it near the bottom of the world’s emitters, and they are lower still if you consider historical emissions per person. The same is true of energy consumption: the average household in India consumes a tenth as much electricity as the average household in the United States.  
India’s sheer size and its huge scope for growth means that its energy demand is set to grow by more than that of any other country in the coming decades. In a pathway to net zero emissions by 2070, we estimate that most of the growth in energy demand this decade would already have to be met with low-carbon energy sources. It therefore makes sense that Prime Minister Narendra Modi has announced more ambitious targets for 2030, including installing 500 gigawatts of renewable energy capacity, reducing the emissions intensity of its economy by 45%, and reducing a billion tonnes of CO2. 
These targets are formidable, but the good news is that the clean energy transition in India is already well underway. It has overachieved its commitment made at COP 21- Paris Summit [a.k.a. 2015, at the same conference that produced the Paris Agreement] by already meeting 40% of its power capacity from non-fossil fuels- almost nine years ahead of its commitment, and the share of solar and wind in India’s energy mix have grown phenomenally. Owing to technological developments, steady policy support, and a vibrant private sector, solar power plants are cheaper to build than coal ones. Renewable electricity is growing at a faster rate in India than any other major economy, with new capacity additions on track to double by 2026...
Subsidies for petrol and diesel were removed in the early 2010s, and subsidies for electric vehicles were introduced in 2019. India’s robust energy efficiency programme has been successful in reducing energy use and emissions from buildings, transport and major industries. Government efforts to provide millions of households with fuel gas for cooking and heating are enabling a steady transition away from the use of traditional biomass such as burning wood. India is also laying the groundwork to scale up important emerging technologies such as hydrogen, battery storage, and low-carbon steel, cement and fertilisers..."
-via IEA (International Energy Agency), January 10, 2022
Note: And since that's a little old, here's an update to show that progress is still going strong:
-via Economic Times: EnergyWorld, March 10, 2023
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follow-up-news · 1 year
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The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said. Fatih Birol, the executive director of the International Energy Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging. “Despite the scale of the challenges, I feel more optimistic than I felt two years ago,” he said in an interview. “Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5C. Clean energy investments in the last two years have seen a staggering 40% increase.” But Birol also noted that greenhouse gas emissions from the energy sector were “still stubbornly high”, and that the extreme weather seen around the world this year had shown the climate was already changing “at frightening speed”. The IEA, in a report entitled Net Zero Roadmap, published on Tuesday morning, also called on developed countries with 2050 net zero targets, including the UK, to bring them forward by several years.
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climatecalling · 1 year
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The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said. Fatih Birol, executive director of the International Energy Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging. “Despite the scale of the challenges, I feel more optimistic than I felt two years ago,” he said in an interview. “Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5C. Clean energy investments in the last two years have seen a staggering 40% increase.” ... Birol said: “Advanced economies have special responsibilities in fighting climate change. What I would expect advanced economies to do is to increase their ambition further, rather than reducing it. Clean energy would create lots of new jobs and employment. ... Industry knows that the next chapter of global industry is based on clean energy technologies.” ...
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yesilhaber · 1 year
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TÜREB: Deprem sonrası yenilenebilir enerji adımları hızlı atıldı
WindEurope Kopenhag Fuarı kapsamında düzenlenen “Doğal Afetler Sonrası Bölgesel Kalkınmada Yenilenebilir Enerjinin Rolü” başlıklı özel bir panel düzenlendi. Türkiye rüzgar sektörü temsilcilerinin yoğun ilgi gösterdiği WindEurope Kopenhag Fuarı’nda, bu yıl TÜREB tarafından ‘yatırım yılı’ ilan edilen 2023 kapsamında Avrupa’nın ve dünyanın farklı coğrafyalarından çeşitli şirketler ve sektör…
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alder-knight · 1 year
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From The Guardian, dated 26 September 2023:
‘Staggering’ green growth gives hope for 1.5C, says global energy chief IEA’s Fatih Birol says uptake of solar power and EVs is in line with net zero goal but rich countries must hasten their broader plans Fatih Birol, the executive director of the International Energy Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging. “Despite the scale of the challenges, I feel more optimistic than I felt two years ago,” he said in an interview. “Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5C. Clean energy investments in the last two years have seen a staggering 40% increase.” […] Birol said: “Advanced economies have special responsibilities in fighting climate change. What I would expect advanced economies to do is to increase their ambition further, rather than reducing it. Clean energy would create lots of new jobs and employment, and build a modern industry [needed] to have a competitive position with other countries. Industry knows that the next chapter of global industry is based on clean energy technologies.”
this is not a post for putting doom in the notes. a lot of things are fucked. but we're pushing in the right direction.
now let's get off fossil fuels for good.
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89845aaa · 10 months
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Meanwhile, in the land of Fullofshitadelphia…
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greenfutures · 4 months
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Key quote:
“For every dollar going to fossil fuels today, almost two dollars are invested in clean energy.”
— Fatih Birol, Executive Director of IEA
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