New Study Warns That Nearly Half of Fossil Fuel Production Sites Need to Be Closed to Avoid a Climate Disaster

Written by Fabio Lucas Carvalho

Published on 30/05/2022 at 00:53

Updated on 01/07/2022 at 02:23

Foto: Pixabay

Seja o primeiro a reagir!

Study Highlights That Countries Should Cut Fossil Fuel Sources To Avoid A Global Environmental Catastrophe

With climate change, a large part of the world’s countries have started working to zero out carbon emissions. One of the goals is to drastically reduce the use of fossil fuels. Since they are not renewable sources, fossil fuels have become the villains and a significant threat to the climate of the planet.

Unlike renewable sources, the recomposition of fossil fuels in nature occurs very slowly. Today, the main fossil fuels are oil, natural gas, and coal.

Some studies indicate that, in addition to not building any more fossil fuel infrastructure, the goal of keeping global warming below the 1.5°C threshold can only be achieved by closing approximately half of all existing fossil fuel infrastructures in the world.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

fossil fuel - energy - environment — Power Plant: Photo: Pixabay

Greeg Muttitt from the International Institute for Sustainable Development warned that such an ambitious goal will not be achieved without significant changes. “Governments need to start facing how to do this in a fair and equitable manner, which will require overcoming the opposition from fossil fuel interests. Our findings show that halting new extraction projects is a necessary step, but still not enough to stay within our increasingly limited carbon budget. Some existing fossil fuel licenses and production will need to be revoked and phased out sooner,” he said.

The survey considered 25,000 oil and gas fields around the world. The study highlights that about 40% of all gas and oil reserves found in these locations should remain untouched to avoid a global environmental catastrophe. “The moment demands considerations of equity and better mechanisms to manage a just transition from fossil fuel jobs and revenues within and among countries,” the study states without specifying which sites should be closed.

Ukraine x Russia Increases Demand for Fossil Fuels

The conflict involving Russia and Ukraine is making things even worse. As months go by and the conflict between the two countries escalates, the demand for fossil fuels also rises, further exacerbating the environmental crisis our planet is facing.

“The world has already extracted too much oil, gas, and coal. Developing more could lead to more dangerous levels of warming if fully extracted, or create a larger scale of stranded assets,” explained Greeg.

However, other technologies are being developed for the planet. One major example is the irreversible wave of electric cars around the world. With these cars, the need for fossil fuels to power a vehicle will decrease considerably.

New Study Warns That Nearly Half of Fossil Fuel Production Sites Need to Be Closed to Avoid a Climate Disaster

Study Highlights That Countries Should Cut Fossil Fuel Sources To Avoid A Global Environmental Catastrophe

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Ukraine x Russia Increases Demand for Fossil Fuels

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.

New Study Warns That Nearly Half of Fossil Fuel Production Sites Need to Be Closed to Avoid a Climate Disaster

Study Highlights That Countries Should Cut Fossil Fuel Sources To Avoid A Global Environmental Catastrophe

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Ukraine x Russia Increases Demand for Fossil Fuels

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.

Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.

A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.

Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.