Ignoring global climate goals ‘could cost fossil fuels firms $1.6tn’

New report warns the gap between the present policy environment and more ambitious Paris climate target poses major risks for investors

Solar and EVs ‘could halt fossil fuel growth by 2020’

The world could see demand for coal and oil peak as early as 2020. That would be a result of falling costs solar power technology and the uptake of electric vehicles, according to a new report from Carbon Tracker and the Grantham Institute at Imperial College London. It warns fossil fuels could lose 10% of […]

Fossil fuel firms risk wasting $2tn

Fossil fuel firms risk wasting up to $2 trillion (£1.3tn) in the next decade by underestimating advances in clean technologies. The report states if action is taken to meet the UN goal of limiting climate change to 2˚C no new coal mines will be needed, oil demand will peak around 2020 and growth in gas will […]

Fossil fuel demand could ‘fall significantly by 2040’

Fossil fuel demand could “fall significantly by 2040”, according to a new study by think tank Carbon Tracker. The potential drop in demand is due to rapid advances in technology, increasingly cheap renewable energy, slower economic growth and lower than expected population, it claims. The analysis challenges nine business assumptions made by the big energy companies when calculating […]