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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Coal was again the fastest growing fossil fuel with predictable consequences for carbon emissions; it now accounts for 30.3% globally, and 8.4%

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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. billion tonnes in 2008. Source: PBL. Click to enlarge.

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What Are Zero Emission Day and National Drive Electric Week?

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Fast forward to 2008 and Wallace started taking advantage of the internet’s ability to reach vast amounts of people simultaneously. There are four guidelines to follow: Refrain from using or burning oil, gas or coal. Wallace came up with the idea to give the earth one day free from fossil fuel emissions.

Emissions 123
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

Renewable 338
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JetBlue to go carbon neutral on all domestic flights by offsetting emissions starting in 2020; flying with SAF from SFO

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JetBlue also announced plans to start flying with sustainable aviation fuel (SAF) in mid-2020 on flights from San Francisco International Airport. Since 2008, JetBlue has already offset more than 2.6 JetBlue first began offsetting carbon dioxide emissions with programs to balance customer flying during specific times of year.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Report highlights include: Cape Wind’s troubles. Click to enlarge.

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Perspective: The Role of Offsets in Climate Change Legislation

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Some offset projects may provide further benefits, such as: (a) the promotion of sustainable development; (b) improvements in air or water quality; (c) the creation of new domestic and international economic opportunities; and (d) the incentivization of innovation as parties seek new methods of generating offsets. CREDIBILITY OF OFFSETS.