August 19, 2022

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Why there is a 'gold rush' with the world's fossil fuels (despite calls against climate change)

Why there is a ‘gold rush’ with the world’s fossil fuels (despite calls against climate change)

  • Angel Bermudez
  • BBC News World

image source, Getty Images

explained,

LNG can be exported by ship and is one of the alternatives used by European Union countries to replace gas from Russia.

Promises made in November 2021 to combat climate change during the COP26 Global Climate Change Summit may be fading with the current Russian war in Ukraine.

During the meeting in Glasgow, nearly two hundred governments signed a document outlining the agenda to combat this global problem over the next decade.

There they agreed that this is 2022 They will update their goals on reducing greenhouse gas emissions and promising to phase out subsidies that artificially reduce – and thus facilitate the consumption of – fossil fuels such as coal, oil or natural gas.

Despite these promises, after a few months, the production and consumption of this type of fuel received a boost thanks to the Russian invasion of Ukraine.