Planetary Challenges

2021 ◽  
Author(s):  
Christopher Wright ◽  
Daniel Nyberg
Keyword(s):  
Fossil Fuel ◽  
Environmental Cost ◽  
Political Activity ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Global Pandemic ◽  
Fossil Fuel Industry ◽  
Fuel Industry ◽  
Climate Crisis ◽  
Carbon Economy

The extraction and consumption of fossil-fuel-based energy has underpinned the growth of global capitalism over the past two centuries, resulting in an industry dominated by some of the largest and most powerful companies in the world. However, the centrality of fossil energy to economic growth has also come at a huge environmental cost as escalating carbon emissions have generated a climate crisis that now threatens the future of organised human civilisation. This article explores the origins of the global fossil-fuel industry and its political response to the growing recognition of climate change and moves towards the decarbonization of economies. It highlights how the industry has engaged in various forms of political activity to defend itself from critique and delay the transition to a low-carbon economy. While this has been a successful strategy for over forty years, the article notes how the growing urgency of the climate crisis and the current global pandemic now pose fundamental threats to the continuation of fossil fuel expansion.

Climate Justice: Holding Governments and Business Accountable for the Climate Crisis

2019 ◽  
Vol 113 ◽  
pp. 197-201
Author(s):  
Kristin Casper
Keyword(s):  
Climate Change ◽  
Human Rights ◽  
Fossil Fuel ◽  
Business Leaders ◽  
Climate Justice ◽  
The World ◽  
Fossil Fuel Industry ◽  
Fuel Industry ◽  
Climate Crisis ◽  
Impacts Of Climate Change

People around the world are already experiencing the impacts of climate change, and their human rights are under threat. Greenpeace's Climate Justice and Liability Campaign is collaborating with a growing number of communities to reclaim their rights through strategic climate litigation. Three themes run throughout these efforts. First, the climate breakdown is a human rights crisis. Second, political and business leaders must take immediate action or risk being sued. Third, there is mounting evidence that the fossil fuel industry is significantly responsible for the climate crisis and will ultimately be held accountable. Before exploring these themes, it is useful to understand the origins of Greenpeace International's climate justice efforts.

scholarly journals Environmental Cost Accounting

2021 ◽  
pp. 582-586
Author(s):  
Ramshankar Varma
Keyword(s):  
Sustainable Development ◽  
The Other ◽  
Environmental Cost ◽  
Low Carbon ◽  
Emission Energy ◽  
Low Carbon Economy ◽  
Ecological Balance ◽  
High Emission ◽  
The One ◽  
Carbon Economy

With the strengthen of people’s ability to use and transform nature, on the one hand, people acquire more resources from nature and make life more comfortable, on the other hand, the amount of waste that people emit has also increased rapidly. Excessive excavation of resources and disposal of waste emissions led to the deterioration of the environment, affecting the country's sustainable development and the Earth's ecological balance. In this paper, from the perspective of low-carbon economy, to explore corporate environmental cost recognition, measurement, collection, distribution methods, expectations for the relevant enterprises, especially high-polluting, high-emission energy-based enterprises to learn from.

scholarly journals Climate change and fossil fuel: An examination of risks for the energy industry and producer states

2017 ◽  
Vol 4 ◽  
Author(s):  
Jim Krane
Keyword(s):  
Climate Change ◽  
Natural Gas ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Coal Industry ◽  
Low Carbon ◽  
Climate Action ◽  
Fossil Fuel Industry ◽  
Fuel Industry ◽  
Developed World

ABSTRACTThis article compiles and categorizes the various forms of climate risk facing the fossil fuel industry. The type and intensity of risk differs greatly among the three forms of fossil fuels, as well as between countries in the developing and developed world. The paper finds heightened risk for the coal industry and reduced risk for oil businesses, due to its lack of substitutes.Burning coal, oil, and natural gas is the source of two-thirds of the world’s emissions of greenhouse gases. Sales of these fuels also represent the economic underpinning of resource-rich countries and the world’s largest firms. As such, steps taken to abate emissions undermine commercial opportunities to monetize fossil fuel reserves. Risks to the industry correlate with progress on climate goals.This article analyzes recent literature on climate action strategy and finds that a new or intensified set of risks has arisen for the fossil fuel industry. These include government policies and legislation, financial restrictions among lenders and insurers, hostile legal and shareholder actions, changes in demand and geopolitics, as well as the onset of new competitive forces among states and technologies.The exposure of carbon-based businesses to these risks and the potential for loss is neither distributed uniformly across the sector, nor adheres to a uniform time scale. Shareholder-owned firms in the developed world will be incentivized to react sooner than large state-owned resource owners in developing countries. The fates of the three fossil fuels also appear likely to play out differently. Demand for oil appears insulated by its lack of viable substitutes, while coal businesses are already undergoing climate-related action, pushed by decreasing social acceptance and constraining financial regulation. At the other end of the spectrum, climate action has improved the medium-term viability of low-carbon natural gas. What appears clear is that, as effects of climate change grow more pronounced, the industry faces a future that is less accepting of current practices.

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