Fossil Fuel
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Nations strike deal at COP28 to transition away from fossil fuels
Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, signalling the eventual end of the oil age.
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Kuwait refuses inclusion of fossil fuels phase-out call in COP28 draft deal: Oil minister
Kuwait reaffirmed its rejection for the inclusion of any call for phasing out fossil fuels consumption and production in the COP28 draft final climate deal, Oil Minister Saad Al Barrak said in statements to Kuwait News Agency (KUNA) on Monday.
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World at ‘beginning of end’ of fossil fuel era, IEA says
The world is at “the beginning of the end” of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and coal will all peak before 2030.
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Renewables growth did not dent fossil fuel dominance in 2022, report says
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.
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US and Transition from Fossil to Clean Energies
TEHRAN (Shana) -- US President Joe Biden has stressed that ratcheting up pressure on energy-producing countries to increase fossil fuel production while urging countries to commit to the energy transition phenomenon is not inconsistent. At the G20 summit, meanwhile, he called on the group's largest energy-producing countries with excess capacity to increase production to ensure a stronger global economy.