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Fossil fuels behind 81% of Irish energy use last year

Fossil fuels were Ireland's primary energy source last year, accounting for 81% of primary energy supply, according to an analysis of global energy data by KPMG.

Business • 15 Aug

BP's shares have underperformed rivals in recent years and the oil major has already dropped its target to cut oil and gas output by 2030

BP to ditch renewables goals, focus on fossil fuels

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift to tackle investor concerns over earnings, two sources told Reuters.

Business • 24 Feb

The IEA said that surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy

'Age of electricity' to follow fossil fuel peak - IEA

The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said today.

Business • 16 Oct 24

Wael Sawan was paid £7.9m in his first year as Shell CEO

Shell waters down climate pledge as CEO pay hits £7.9m

Energy giant Shell has watered down one of its climate pledges because of a change to its strategy in the electricity sector.

Business • 14 Mar 24

2022 marked the first year that renewable energy production exceeded that of fossil fuels in Ireland

Total energy demand up almost 5% in 2022 - SEAI

Ireland's total energy demand increased by almost 5% last year, mainly due to a continued rebound of transport activity after the Covid pandemic.

Business • 06 Sep 23

China, India and Southeast Asian countries together are expected to account for three out of every four tonnes of coal consumed worldwide in 2023

Global coal consumption hits record high in 2022 - IEA

Global coal consumption climbed to a new all-time high in 2022 and is due to stay near that record level this year, as strong growth in Asia for both power generation and industrial applications outpaces declines in the US and Europe.

World • 27 Jul 23

The IEA said that for every dollar invested in fossil fuels, about $1.70 is now going into clean energy

Solar power to overtake oil production investment - IEA

Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency said today, with solar projects expected to outpace outlays on oil production for the first time.

Business • 25 May 23

Biggest category was the subsidy on jet kerosene used by most passenger planes

Fossil fuel usage subsidies up 1% to €2.4bn in 2019

Subsidies that encouraged people in Ireland to use fossil fuels during 2019 have been valued at €2.4bn by the Central Statistics Office, which is a 1% increase on the previous year.

Ireland • 30 Mar 21

Chemicals in Unilever's cleaning and laundry products make up 46% of its Home Care division's carbon emissions across their life cycle

Unilever to drop fossil fuels from products by 2030

Unilever said today it would invest €1 billion to eliminate fossil fuels from its cleaning products by 2030, cutting the carbon emissions created by the chemicals used in making the products.

Business • 02 Sep 20

Report says G20 governments boosted backing for coal-fired power plants from $17bn to $47bn a year between 2014 and 2017

G20 coal subsidies rise despite climate pledges - study

Despite promising a decade ago to phase out fossil fuel subsidies, the world's leading economies more than doubled subsidies to coal-fired power plants between 2014 and 2017, according to energy researchers.

Environment • 25 Jun 19

Subsidies such as the fuel allowance is classed as a potentially environmentally damaging subsidy

€4.1bn spent on environmentally damaging subsidies

The Irish Government spends a total of €4.1bn on environmentally damaging subsidies and taxes forgone each year according to a new analysis published by the Central Statistics Office.

Environment • 04 Jun 19

Last year, the amount of electricity generated by wind turbines hit record levels

Fossil fuels account for over 90% of energy used - SEAI

The Sustainable Energy Authority of Ireland has said Ireland is facing a significant and urgent challenge to reduce the use of fossil fuels

Environment • 13 Dec 18

Bord na Móna recently announced that that up to 430 workers are to be made redundant

Bill aims to move workers from fossil fuel industries

The Green Party has launched a bill to facilitate the transfer of workers from fossil fuel industries to climate friendly ones.

Politics • 07 Nov 18

Ireland makes history in becoming first country to divest from fossil fuels

Ireland first country to divest from fossil fuels

Ireland becomes first country to fully divest public money from fossil fuels which is viewed as the biggest contributor to climate change

Fossil Fuels • 13 Jul 18

The 195 countries will seek to agree pledges to reduce carbon pollution

2014 shaping up to be hottest year ever

A new round of UN climate talks have opened in Peru, aimed at paving the way to a historic deal in Paris in December 2015 to roll back greenhouse-gas emissions.

News • 01 Dec 14

About 20% of Ireland's electricity comes from renewable sources, such as wind power

Renewables bring €260m energy savings - SEAI

Renewable sources, including wind for generating electricity, are delivering net savings of €260m per year to Ireland between fossil fuel and carbon emission savings.

News • 05 Jun 14

Fossil Fuels