FAO Food Price Index rose to new all-time high in February 2022

FAO Food Price Index, January 1961 - February 2022. In February 2022, the FAO Food Price Index (FFPI), averaged 140.7 points, up 5.3 points (3.9 percent) from January and as much as 24.1 points (20.7 percent) above its level a year ago. This represents a new all-time high, exceeding the previous top of February 2011 by 3.1 points. The February rise was led by large increases in vegetable oil and dairy price sub-indices. Cereals and meat prices were also up, while the sugar price sub-index fell for the third consecutive month. Graphic: FAO

March 12, 2022

FAO Food Price Index rose to new all-time high in February 2022

4 March 2022 (FAO) – The FAO Food Price Index (FFPI) averaged 140.7 points in February 2022, up 5.3 points (3.9 percent) from January and as much as 24.1 points (20.7 percent) above its level a year ago. This represents a new all-time high, exceeding the previous top of February 2011 by 3.1 points. The […]

Projected U.S. energy-related carbon dioxide (CO2) emissions by fuel source in the AEO2022 reference case (left) and U.S. Energy-related CO2 emissions by AEO2022 economic growth cases (right). Energy‐related CO2 emissions dip through 2035 before climbing in later projection years. Graphic: EIA

March 12, 2022

U.S. energy projections to 2050: Fossil fuels still most-consumed energy sources through 2050 – Energy consumption increases as population and economic growth outweigh efficiency gains – Energy‐related CO2 emissions dip through 2035 but climb later

3 March 2022 (EIA) – Key takeaways from the Reference case and side cases: Petroleum and natural gas remain the most-consumed sources of energy in the United States through 2050, but renewable energy is the fastest growing Motor gasoline remains the most prevalent transportation fuel despite electric vehicles gaining market share Energy-related carbon dioxide (CO2) […]

A man stands on the roof of a house in Colonia El Carmen as a red glare emanates from flares dotted around the Cactus gas processing center, run by state oil company Pemex, in Reforma municipality in Chiapas, Mexico. Photo: Edgard Garrido / REUTERS

February 23, 2022

Gas flaring soars in Mexico, derailing its climate change pledges as it seeks to boost oil output – “It’s like hell”

By Stefanie Eschenbacher 23 February 2022 (Reuters) – It never gets completely dark in Colonia El Carmen, home to Mexico’s largest natural gas processing center, in the poor southern state of Chiapas. After sunset, a red glare emanates from flares dotted around the Cactus gas processing center, run by state oil company Petroleos Mexicanos (Pemex). […]

Newcastle Coal Futures, 5 December 2008 - 23 December 2021. In December 2021, Newcastle Coal Futures rose to $169 per metric ton, the highest price since the $222 peak on 29 October 2021, pressured by a surge in China’s thermal coal futures as supply is expected to tighten. In 2021, the Chinese government has intensified a crackdown on illegal mining in the country's top coal producing region Shanxi after a round of inspections at the region's miners and found at least 14 coal mines producing beyond their authorized capacity. Meanwhile, the National Development and Reform Commission, China’s top economic planner, released a plan to raise annual thermal coal prices for 2022 to CNY 700 per ton from 2017's CNY 535 per ton, well above an informal ceiling of CNY 600. Earlier in 2021, China introduced power curbs especially for energy-intensive businesses and restrictions on coal imports, aiming to reach its climate targets but such curbs led to a serious power crunch. Graphic: Trading Economics

December 23, 2021

“Prepare for lack of electricity” in 2022 says Foxconn founder

By Elles Houweling 20 December 2021 (Verdict) – The founder and director of Foxconn, the world’s largest contract manufacturer of electronics, Terry Gou, has said that “there will be a shortage of electricity in the next year.” Gou added that “people should not complain about the future lack of electricity.” Instead, they should “prepare”. Hon Hai Precision […]

Global carbon dioxide emissions from fossil fuels, 1959-2021. Global CO2 emissions bounced back after COVID-19 restrictions and reached pre-pandemic levels in 2021. Graph: Global Carbon Project

December 12, 2021

Global carbon emissions rebound to pre-pandemic levels after unprecedented drop in 2020 – “The fast recovery in CO2 emissions, following last year’s sharp drop, should come as no surprise”

By Pep Canadell, Corinne Le Quéré, Glen Peters, Pierre Friedlingstein, Robbie Andrew, and Rob Jackson 3 November 2021 (The Conversation) – Global carbon dioxide emissions have bounced back after COVID-19 restrictions and are likely to reach close to pre-pandemic levels this year, our analysis released today has found. The troubling finding comes as the COP26 climate talks […]

Map showing the area of the Gulf of Mexico covered by the U.S. oil and gas lease sale on 17 November 2021. Source: US Bureau of Ocean Energy Management. Graphic: The Guardian

November 18, 2021

“Huge climate bomb”: U.S. auctions off oil and gas drilling leases in Gulf of Mexico after climate talks – “Coming in the aftermath of the climate summit, this is just mind boggling”

By Oliver Milman 17 November 2021 (The Guardian) – Just four days after landmark climate talks in Scotland in which Joe Biden vowed the US will “lead by example” in tackling dangerous global heating, the president’s own administration is providing a jarring contradiction – the largest ever sale of oil and gas drilling leases in the Gulf […]

Projected coal demand in the Stated Policies Scenario in the World Energy Outlooks 2021, 2020, and 2016. The International Energy Agency’s flagship outlook in October 2021 projected that under nations’ existing policies, global demand doesn’t begin falling again for several years. Then it declines but in 2050 is still at 70 percent of today’s levels. The IEA’s roadmap for reaching net-zero global emissions by 2050 requires a 55 percent decline by 2030. Graphic: IEA

November 17, 2021

After COP26: The long road to phasing down coal – “It is hard to shut down coal facilities because few countries have sufficient spare capacity in their electricity systems to be able to do so”

By Ben Geman 16 November 2021 (Axios) – Let’s leave to history to see whether the COP26 deal to “phase down” coal instead of “phase out” makes any real-world difference, but what’s clear is that any meaningful “phasing” at all is hard. Why it matters: Coal is the most carbon-intensive fuel. Any pathway to meeting the Paris Agreement […]

Satellite view showing plumes of potent greenhouse gas methane leaking from a gas pipeline in Kazakhstan, captured by the European Sentinel 2 and Sentinel 5P satellites. Photo: Copernicus

November 17, 2021

Satellites discover huge, undeclared methane emissions – “These are large emissions, and we see a lot of them on the global scale, much more than we had expected”

By Tereza Pultarova 16 November 2021 (Space.com) – Huge amounts of uncounted emissions of highly warming greenhouse gas methane are being released by “super-emitters” all over the world, satellite observations reveal. Scientists have only recently worked out how to detect methane emissions from space, but what they have seen since has taken them by surprise. […]

Gap between promised CO2 emissions reductions and the required level to reach the 1.5C Paris target. Photo: The Juice Media

November 7, 2021

Honest Government Ad: Net Zero by 2050 (feat. Greta) – “If you take all our promises and add them together, that puts us on track for ‘Still Very Much Fucked by 2050’”

6 November 2011 (The Juice Media) – Hello, I’m from the Government™ with an update on how we’re handling the climate crisis. We know you’re all counting on us to solve this problem, so humanity can keep enjoying its favourite pastime: continuing to live on this planet. But you see, we’ve realised that we are […]

Total Annual CO2-e emissions in Australia during the Labor and Liberal governments. Photo: The Juice Media

November 6, 2021

Honest Government Ad: COP26 Climate Summit – “Fuck you: we’ll keep digging, burning and exporting fossil fuels, let you to do the hard work, and then take all the credit”

27 October 2021 (The Juice Media) – I’m from the Australien Government with a message for the world as we gather in Glasgow for this crucial climate summit: Fuck you. Over the coming days our Prime Marketer will be there trying to shake a lot of hands and saying a lot of blah blah blah […]

Desdemona Despair

Category: fossil fuel