Fossil Energy Update

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This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017. The largest subsidizers in 2015 were China ($1.4 trillion), United States ($649 billion), Russia ($551 billion), European Union ($289 billion), and India ($209 billion). About three quarters of global subsidies are due to domestic factors—energy pricing reform thus remains largely in countries’ own national interest—while coal and petroleum together account for 85 percent of global subsidies. Efficient fossil fuel pricing in 2015 would have lowered global carbon emissions by 28 percent and fossil fuel air pollution deaths by 46 percent, and increased government revenue by 3.8 percent of GDP.

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Download Fossil Energy Update book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Book Description :

Download Fossil energy update book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

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This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform. Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP in 2025. Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for environmental costs and foregone consumption taxes (implicit subsidies). Efficient fuel pricing in 2025 would reduce global carbon dioxide emissions 36 percent below baseline levels, which is in line with keeping global warming to 1.5 degrees, while raising revenues worth 3.8 percent of global GDP and preventing 0.9 million local air pollution deaths. Accompanying spreadsheets provide detailed results for 191 countries.

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The New York Times-bestselling "skeptical environmentalist" argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.

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Ending the fossil fuel industry is the only credible path for climate policy Around the world, countries and companies are setting net-zero carbon emissions targets. But what will it mean if those targets are achieved? One possibility is that fossil fuel companies will continue to produce billions of tons of atmospheric CO2 while relying on a symbiotic industry to scrub the air clean. Focusing on emissions draws our attention away from the real problem: the point of production. The fossil fuel industry must come to an end but will not depart willingly; governments must intervene. By embracing a politics of rural-urban coalitions and platform governance, climate advocates can build the political power needed to nationalize the fossil fuel industry and use its resources to draw carbon out of the atmosphere.

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Download International Energy Outlook book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

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Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 countries and (2) an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

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"Unsettled is a remarkable book—probably the best book on climate change for the intelligent layperson—that achieves the feat of conveying complex information clearly and in depth." —Claremont Review of Books "Surging sea levels are inundating the coasts." "Hurricanes and tornadoes are becoming fiercer and more frequent." "Climate change will be an economic disaster." You've heard all this presented as fact. But according to science, all of these statements are profoundly misleading. When it comes to climate change, the media, politicians, and other prominent voices have declared that "the science is settled." In reality, the long game of telephone from research to reports to the popular media is corrupted by misunderstanding and misinformation. Core questions—about the way the climate is responding to our influence, and what the impacts will be—remain largely unanswered. The climate is changing, but the why and how aren't as clear as you've probably been led to believe. Now, one of America's most distinguished scientists is clearing away the fog to explain what science really says (and doesn't say) about our changing climate. In Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters, Steven Koonin draws upon his decades of experience—including as a top science advisor to the Obama administration—to provide up-to-date insights and expert perspective free from political agendas. Fascinating, clear-headed, and full of surprises, this book gives readers the tools to both understand the climate issue and be savvier consumers of science media in general. Koonin takes readers behind the headlines to the more nuanced science itself, showing us where it comes from and guiding us through the implications of the evidence. He dispels popular myths and unveils little-known truths: despite a dramatic rise in greenhouse gas emissions, global temperatures actually decreased from 1940 to 1970. What's more, the models we use to predict the future aren't able to accurately describe the climate of the past, suggesting they are deeply flawed. Koonin also tackles society's response to a changing climate, using data-driven analysis to explain why many proposed "solutions" would be ineffective, and discussing how alternatives like adaptation and, if necessary, geoengineering will ensure humanity continues to prosper. Unsettled is a reality check buoyed by hope, offering the truth about climate science that you aren't getting elsewhere—what we know, what we don't, and what it all means for our future.

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Everyone knows that fossil fuels won’t last forever. Something needs to change at some point, regardless of whether the issue is climate change or because we need a practical replacement for petroleum as cheap supplies run out. But while headlines suggest that a green-energy paradise is around the corner, not many are aware of the immense technical challenges that stand in its way. To turn our backs on fossil fuels, a staggering amount of work will be required to refit a global energy sector that has grown systematically for over a century. News of the latest green advancements can make it seem like plug-and-play technology, and simply a matter of switching from one source to another. In reality, the challenge is far greater, and infinitely more complicated. To make matters worse, environmentalists and fossil-fuel defenders wage continuous but fruitless war, and the growing gap makes it impossible to have any sort of constructive dialogue. Each camp becomes more locked in their position with every exchange, and the most revolutionary ideas never see the light of day. Instead of building, time and money are wasted sparring. Sparing no sacred cows, Terry Etam cuts through the media rhetoric, government propaganda, and widespread ignorance of the energy sector to get to the heart of what needs to change—and what needs to stay the same—if the challenges of moving away from fossil fuels are to be met, while maintaining the quality of life we have come to expect and rely on.

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This report draws on more than 1 300 government budgetary transfers and tax expenditures providing preferential treatment for the production and consumption of fossil fuels as documented in the 2020 OECD Inventory of Support Measures for Fossil Fuels to track progress in reform of support.

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Download India s Energy Transition book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

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Imagine fuel without fear. No climate change. No oil spills, no dead coalminers, no dirty air, no devastated lands, no lost wildlife. No energy poverty. No oil-fed wars, tyrannies, or terrorists. No leaking nuclear wastes or spreading nuclear weapons. Nothing to run out. Nothing to cut off. Nothing to worry about. Just energy abundance, benign and affordable, for all, forever. That richer, fairer, cooler, safer world is possible, practical, even profitable-because saving and replacing fossil fuels now works better and costs no more than buying and burning them. Reinventing Fire shows how business-motivated by profit, supported by civil society, sped by smart policy-can get the US completely off oil and coal by 2050, and later beyond natural gas as well. Authored by a world leader on energy and innovation, the book maps a robust path for integrating real, here-and-now, comprehensive energy solutions in four industries-transportation, buildings, electricity, and manufacturing-melding radically efficient energy use with reliable, secure, renewable energy supplies.Popular in tone and rooted in applied hope, Reinventing Fire shows how smart businesses are creating a potent, global, market-driven, and explosively growing movement to defossilize fuels. It points readers to trillions in savings over the next 40 years, and trillions more in new business opportunities.Whether you care most about national security, or jobs and competitive advantage, or climate and environment, this major contribution by world leaders in energy innovation offers startling innovations will support your values, inspire your support, and transform your sense of possibility.Pragmatic citizens today are more interested in outcomes than motives. Reinventing Fire answers this trans-ideological call. Whether you care most about national security, or jobs and competitive advantage, or climate and environment, its startling innovations will support your values, inspire your support, and transform your sense of possibility.

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Includes subject, agency, and budget indexes.

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Download Energy Research Abstracts book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

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Completely revised and updated, Principles of Sustainable Energy Systems, Second Edition presents broad-based coverage of sustainable energy sources and systems. The book is designed as a text for undergraduate seniors and first-year graduate students. It focuses on renewable energy technologies, but also treats current trends such as the expanding use of natural gas from fracking and development of nuclear power. It covers the economics of sustainable energy, both from a traditional monetary as well as from an energy return on energy invested (EROI) perspective. The book provides complete and up-to-date coverage of all renewable technologies, including solar and wind power, biological processes such as anaerobic digestion and geothermal energy. The new edition also examines social issues such as food, water, population, global warming, and public policies of engineering concern. It discusses energy transition—the process by which renewable energy forms can effectively be introduced into existing energy systems to replace fossil fuels. See What’s New in the Second Edition: Extended treatment of the energy and social issues related to sustainable energy Analytic models of all energy systems in the current and future economy Thoroughly updated chapters on biomass, wind, transportation, and all types of solar power Treatment of energy return on energy invested (EROI) as a tool for understanding the sustainability of different types of resource conversion and efficiency projects Introduction of the System Advisor Model (SAM) software program, available from National Renewable Energy Lab (NREL), with examples and homework problems Coverage of current issues in transition engineering providing analytic tools that can reduce the risk of unsustainable fossil resource use Updates to all chapters on renewable energy technology engineering, in particular the chapters dealing with transportation, passive design, energy storage, ocean energy, and bioconversion Written by Frank Kreith and Susan Krumdieck, this updated version of a successful textbook takes a balanced approach that looks not only at sustainable energy sources, but also provides examples of energy storage, industrial process heat, and modern transportation. The authors take an analytical systems approach to energy engineering, rather than the more general and descriptive approach usually found in textbooks on this topic.

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Could everything we know about fossil fuels be wrong? For decades, environmentalists have told us that using fossil fuels is a self-destructive addiction that will destroy our planet. Yet at the same time, by every measure of human well-being, from life expectancy to clean water to climate safety, life has been getting better and better. How can this be? The explanation, energy expert Alex Epstein argues in The Moral Case for Fossil Fuels, is that we usually hear only one side of the story. We’re taught to think only of the negatives of fossil fuels, their risks and side effects, but not their positives—their unique ability to provide cheap, reliable energy for a world of seven billion people. And the moral significance of cheap, reliable energy, Epstein argues, is woefully underrated. Energy is our ability to improve every single aspect of life, whether economic or environmental. If we look at the big picture of fossil fuels compared with the alternatives, the overall impact of using fossil fuels is to make the world a far better place. We are morally obligated to use more fossil fuels for the sake of our economy and our environment. Drawing on original insights and cutting-edge research, Epstein argues that most of what we hear about fossil fuels is a myth. For instance . . . Myth: Fossil fuels are dirty. Truth: The environmental benefits of using fossil fuels far outweigh the risks. Fossil fuels don’t take a naturally clean environment and make it dirty; they take a naturally dirty environment and make it clean. They don’t take a naturally safe climate and make it dangerous; they take a naturally dangerous climate and make it ever safer. Myth: Fossil fuels are unsustainable, so we should strive to use “renewable” solar and wind. Truth: The sun and wind are intermittent, unreliable fuels that always need backup from a reliable source of energy—usually fossil fuels. There are huge amounts of fossil fuels left, and we have plenty of time to find something cheaper. Myth: Fossil fuels are hurting the developing world. Truth: Fossil fuels are the key to improving the quality of life for billions of people in the developing world. If we withhold them, access to clean water plummets, critical medical machines like incubators become impossible to operate, and life expectancy drops significantly. Calls to “get off fossil fuels” are calls to degrade the lives of innocent people who merely want the same opportunities we enjoy in the West. Taking everything into account, including the facts about climate change, Epstein argues that “fossil fuels are easy to misunderstand and demonize, but they are absolutely good to use. And they absolutely need to be championed. . . . Mankind’s use of fossil fuels is supremely virtuous—because human life is the standard of value and because using fossil fuels transforms our environment to make it wonderful for human life.”

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Includes subject, agency, and budget indexes.

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Concerns over energy resources and the environmental impact of energy use will continue to be part of the polical agenda across the globe. World Scientific's unique series of books on Current Energy Issues is intended, in part, as an expansion and update of the material contained in the World Scientific Handbook of Energy but in part each volume will focus on related energy resources or issues that contain a broader range of topics plus more explanatory text than was possible in the Handbook. The authors will also take the opportunity to update the data presented in the Handbook since in many cases the field is rapidly changing. The Fossil Fuels volume focuses on the main fossil resources, viz. coal, oil and natural gas. Coal is still an extremely important resource especially for electricity production around the world and the book discussed methods for making coal a cleaner resource, including carbon sequestration. There has been a rapid change in the mix of fossil fuels mainly because of hydraulic fracturing which enables oil and gas to be extracted from previously inaccessible formations. The book describes this changing situation including the precautions required to make the production of these fuels safe and environmentally benign. Alternative fossil fuels such as methane hydrates are also discussed. Contents:Coal Resources, Production, and Use Worldwide (Thomas Sarkus and William Ellis)Coal Gasification and Advances in Clean Coal Technology (Thomas Sarkus and Adrian Radziwon)Geologic Carbon Storage (Thomas Sarkus, Michael Tennyson and Derek Vikara)Environmental Impacts of Coal Production (Thomas Sarkus and William Ellis)Petroleum Liquids (William L Fisher and Christopher G St C Kendall)Unconventional Petroleum Liquids: Tar Sands and Shale Oil (Vello A Kuuskraa)Oil Spills: Causes, Consequences, Prevention, and Countermeasures (Jacqueline Michel and Merv Fingas)Natural Gas (John B Curtis)Hydraulic Fracturing (Randy F LaFollette and Robert Samuel Hurt)Methane Hydrates (Yoshihiro Masuda, Tsutomu Uchida, Sadao Nagakubo and Mikio Satoh) Readership: Scientists, engineers, policy makers, graduate students and researchers on the field of energy studies.

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Semiannual, with semiannual and annual indexes. References to all scientific and technical literature coming from DOE, its laboratories, energy centers, and contractors. Includes all works deriving from DOE, other related government-sponsored information, and foreign nonnuclear information. Arranged under 39 categories, e.g., Biomedical sciences, basic studies; Biomedical sciences, applied studies; Health and safety; and Fusion energy. Entry gives bibliographical information and abstract. Corporate, author, subject, report number indexes.