Fossil fuels are the leading driver of climate change, yet they are still heavily subsidized by governments around the world.

MOSCOW. Nov 15 (Interfax) - The main outcome in global energy sector this year is the continued growth of demand for conventional energy resources amid geopolitical instability and greater attention ...

PwC data shows that last year, the world acheived a decarbonisation rate of 1.02pc. However, the required rate was 17.2pc.

"We are on track to see all fossil fuels peak before 2030." In autumn 2023, the International Energy Agency (IEA) announced that coal, gas and oil consumption could stop growing in the coming ...

Dr Rakesh Verma India’s energy security landscape is characterized by a significant dependency on fossil fuels, which ...

Soaring energy demands from artificial intelligence and widespread electrification will prolong reliance on fossil fuels through ... industrial consumption, and AI. It is only expected to continue ...

US President-elect Donald Trump’s aspiration to unleash a lot more oil and gas drilling domestically faces a fundamental ...

The International Energy Agency estimates that during 2022, global subsidies for fossil fuel consumption exceeded US$1 trillion. Subsidies, whether on fossil fuel or food, distort behaviour.

They also note that they are providing a measure of geopolitical stability in meeting the high energy demand. In Baku, the issue of fossil fuels will have a secondary place on the agenda.