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Baker Institute team says fossil fuel subsidies need global reform

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“There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S. Costs ranged from a low of 0.3% Subsidies remained sticky outside the G20 as well.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Norway and Saudi Arabia followed closely. In not much more than a year, the EU has redrawn the oil map. C carbon budget.

Oil 370
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IHS Markit: 10 MMb/d of oil production cuts coming

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Demand is collapsing because of the closure of a large share of the global economy because of coronavirus disease 2019 (COVID-19). IHS Markit revised its global oil production outlook to reflect practical limits to crude oil storage capacity. Quite simply, global production has been on a pace to exceed available storage capacity.

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Study using satellite data finds rate of urban growth much greater than previously thought

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In a paper in Nature Sustainability , they report that global urban extent has expanded by 9,687?km km 2 per year—a rate four times greater than a previous estimate, suggesting an unprecedented rate of global urbanization. Urban area dynamics during 1985–2015 at the global and continent scales. Huang, Y.,

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IMO environment meeting adopts mandatory energy efficiency measures for international shipping; first mandatory global GHG reduction regime for an international industry sector

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Mandatory measures to reduce emissions of greenhouse gases (GHGs) from international shipping were adopted by Parties to MARPOL Annex VI represented in the Marine Environment Protection Committee (MEPC) of the International Maritime Organization ( IMO ), when it met for its 62 nd session from 11 to 15 July 2011 at IMO Headquarters in London.

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Global billionaires unite in “Breakthrough energy coalition” to support development of zero-carbon energy

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As the UN climate conference COP21 opened in Paris, Bill Gates announced the formation of the “ Breakthrough energy coalition ”, an investment grouping of global billionaires focused on developing the technologies that will create a new zero-carbon energy mix. Marc Benioff, Founder, Chairman and CEO, Salesforce.com, US.

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