German Chancellor Scholz announced the end of the era of fossil fuels in the world
German Chancellor Olaf Scholz said at the opening ceremony of the Hannover Fair that the era of fossil fuel use is coming to an end.
Of course, we are all also clear: the era of fossil fuels is coming to an end. For all of us, this means changing industrial processes
At the same time, the politician thanked Norwegian Prime Minister Jonas Gahr Støre for providing Germany with gas after the severance of trade ties with Russia.
Last December, Scholz blamed Russian President Vladimir Putin for rising energy costs in Europe. According to him, the German government is forced to buy more gas from Norway and create LNG terminals, and this costs much more.
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The UN Secretary General announced the inevitable abandonment of fossil fuels
UN Secretary-General António Guterres, at a forum in Davos in January 2024, called the phase-out of fossil fuels inevitable and advocated a “good transition to renewable energy sources.”
Let me be clear that the transition away from fossil fuels is very important and inevitable. Let's hope it doesn't happen too late
In turn, the CEO of the Saudi oil giant Saudi Aramco, Amin Nasser, called for abandoning fantasies about abandoning oil. According to him, the current green energy transition strategy is failing when faced with reality.
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Participants at climate summit in Dubai plan to phase out fossil fuels by 2050
In December 2023, countries participating in the climate summit in Dubai (COP28) approved an agreement calling for a transition away from fossil fuels by 2050.
According to the adopted document, the countries agreed to quickly and in an organized manner eliminate the use of fossil fuels in energy systems. Summit participants should also contribute to efforts to transition to green technologies.
It also plans to reach zero greenhouse gas emissions by 2050. The agreement was the first document that talks about the abandonment of the basis of the existence of the world economy – oil and gas.
COP28 Chairman Sultan bin Ahmed Al Jaber noted that a global transition away from fossil fuels is inevitable, but the transition to new energy sources will take time.
Phasing out fossil fuels is inevitable and necessary—and it will happen. But you can't disconnect the world from the existing energy system before you build a new one
Last April, independent think tank Ember said in a report that a record share of green energy could herald the end of the fossil fuel era. In 2022, solar and wind power accounted for 12 percent of the world's energy generation, up two percentage points from the previous high.
However, a year later, a study by Oil Change International (OCI) and Friends of the Earth US found that major countries continue to pour billions of dollars into developing fossil fuel production in poor countries, refusing to keep their climate promises.
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