Global energy demand rose significantly last year. The increasing use of air conditioning systems and higher demand for electricity from electric vehicles drove the rise in demand.
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Planning new electricity capacities with renewable energies has often been cheaper than with fossil fuels. Now comes the next step: In many countries, renewables even beat the costs of existing and ongoing fossil fuel power generation.
By Bernhard Pötter
Shortly before the end of his term in office, outgoing POTUS Joe Biden pushed through far-reaching protection of US waters from oil and gas extraction. Trump's transition team describes this as "disgraceful".
By Redaktion Table
At COP28, twelve countries pledged to drive forward the phase-out of fossil fuel subsidies. One year later, there are initial results and new members. However, despite the G7, G20 and COP26 agreements, the global trend is pointing in the wrong direction.
By Lukas Bayer
Although the global community decided to move away from fossil fuels at the last climate conference, companies continue to invest tens of billions in the search for new oil and gas fields. Government subsidies for fossil fuels have shot up to well over one trillion US dollars following the war in Ukraine. One positive sign comes from the financial industry.
By Nico Beckert
The German Climate Consortium (DKK) warns against exceeding the 1.5-degree target and that the likelihood of missing the target in the coming years must be communicated openly. The continued high level of investment in fossil fuels and climate-damaging subsidies mean that net-zero emissions are a long way off.
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The German Climate Consortium (DKK) warns against exceeding the 1.5-degree target and warns that the likelihood of missing the target in the coming years must be communicated openly. The continued high level of investment in fossil fuels and climate-damaging subsidies mean that net-zero emissions are a long way off.
By Nico Beckert
The Hague has become the first city in the world to ban advertising for products made from fossil fuels. In doing so, the city is following a call from the UN chief.
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In an open letter, former heads of state and Nobel Prize winners have called on the United Nations to include fossil fuels in an important UN climate treaty. They have been omitted from the current draft, which has caused great outrage.
By Lukas Bayer
Despite pledges to transition away from fossil fuels, the oil and gas business is booming. Countries like the United States, Norway, Russia and Brazil continue to grant hundreds of new drilling licenses. Companies once again reported high profits in the last quarter.
By Nico Beckert
