#fossil-fuels-regulation

#fossil-fuels-regulation

"A stellarator is a thing that is objectively very difficult to design, objectively very difficult to build, but if it works, it can control the burning hot plasma better than a tokamak."

If the war drags on, fuel rationing could be a possibility, but first we would issue a recommendation to conserve fuel and prioritise public transport.

Roughly 20 million barrels per day of oil moved through Hormuz in 2024, equivalent to about one-fifth of global petroleum liquids consumption. When that waterway closed, oil prices spiked to $126 per barrel in what the U.S. Energy Information Administration has described as the largest supply disruption in global oil market history.

The era of fossil fuel security is over, and the era of clean energy security must come of age. This is the clear lesson as we face the second global energy shock in less than five years.

The International Energy Agency (IEA) says it is the 'largest supply disruption in history'. With the disruption expected to have a lasting impact on prices, governments around the world have introduced measures to limit the impact on consumers and the economy.

At a young age, I learned quickly how oil wealth and power could burn the land while people struggled. I saw heat rise off the streets, the Nile strained, and the air thickened with injustice. In my teenage years, through Aotearoa, being on the edge of the Pacific, I felt the ocean breathing heavy, swallowing the shores of islands that have done the least to cause this harm.

The Trump administration has teed up the entire Gulf region for a Deepwater Horizon sequel with its approval of BP's extremely risky ultra-deepwater drilling project, said Brettny Hardy, senior attorney at Earthjustice, one of the groups.

At a meeting at the Paris headquarters of the intergovernmental body dedicated to global energy security, Wright referred to the "destructive illusion" of the IEA's commitment to massively reducing greenhouse gas emissions sourced from fossil fuels. The US, one of 45 member and associate countries of the IEA that represent 75% of the world's energy demand, is threatening to withdraw from the body if it does not quit its energy transition goals in the next year.

The overarching message of The Economics of Climate Change: The Stern Review was that failing to invest in mitigating climate change would exact an alarmingly high price, estimated between 5% and 20% of global GDP per year.

The UN-run market allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The new initiative involves a clean cooking project in Myanmar, which distributes efficient cookstoves that reduce pressure on local forests. Implemented in partnership with a South Korean company, the project will generate credits that will count towards the climate targets of South Korea and Myanmar.

Last year, the nonprofit Climate Central launched an online database to track the most costly weather- and climate-related disasters across the country. The effort was led by the same lead scientist who tracked those costs for the National Oceanic and Atmospheric Administration-until the Trump administration axed the project in May. In 2025, the US experienced 23 such disasters with costs totaling at least $1 billion, for a total of $115 billion, Climate Central concluded.

On Thursday, the Environmental Protection Agency is expected to roll back the endangerment finding, which underpins the US's ability to regulate the greenhouse gases that cause climate change. The rollback, the result of more than 15 years of work from right-wing special interest groups, represents the most aggressive move against climate regulation in the US to date-and will introduce a lengthy fight that's almost certain to wind up in front of the Supreme Court.

Many planned projects have been delayed or scrapped. Adrian Odenweller and Falko Ueckerdt at the Potsdam Institute for Climate Impact Research in Germany tracked 190 projects globally that were due to begin operating in 2023. The researchers found that only 7% of these had begun operations as scheduled.