Knowledge Tree
fossil fuel resources
Also known as: fossil reserves, fossil fuel resources, fossil fuel reserves
Facts (12)
Sources
Energy asset stranding in resource-rich developing countries and ... frontiersin.org Jun 10, 2024 7 facts
measurementManley et al. (2017) calculated that the value of Nigeria's fossil reserves could decline by 15% and 26% if fossil prices are 1% and 2% lower, respectively, in the coming decades compared to the 2010s due to declining global demand.
referenceMeasures to address asset stranding in resource-rich developing countries can be summarized into three categories: accelerating the phase-out of fossil energy resources, speeding up the development of alternative renewable energy industries, and explicitly considering justice issues.
referenceTo meet the Paris Agreement, the majority of fossil fuel reserves must be left unburned, according to research by McGlade and Ekins (2015) and Trout et al. (2022).
claimEconomic diversification is less challenging or not a challenge at all in countries that use their abundant fossil fuel reserves primarily for domestic consumption, such as the United States and China, because the fossil energy wealth directly spurred industrialization and the creation of non-extraction sectors.
measurementNigeria's fossil fuel reserves to GDP ratio was 222% in 2015.
measurementThe value of Nigeria's fossil fuel reserves is projected to decline by 15–26% in the coming decades compared to 2010 levels.
claimFossil assets subject to transition risk include fossil reserves like oil fields, production assets like mining equipment, transport assets like pipelines, and processing or usage assets like refineries, power plants, chemical plants, and gasoline stations.
Sustainable Energy Transition for Renewable and Low Carbon Grid ... frontiersin.org Mar 23, 2022 3 facts
claimThe world faces an urgent need to increase renewable energy use and diversify energy resources due to the depletion of global fossil fuel and nuclear reserves.
measurementAs of 2018, 80% of global energy was derived from fossil fuel resources, specifically 36% from petroleum, 31% from natural gas, and 13.2% from coal.
claimThe depletion of fossil fuel reserves, price volatility of fossil fuels, and global climate change are driving increased attention toward renewable energy sources and other low-carbon, cost-effective power generation methods.
Global perspectives on energy technology assessment and ... link.springer.com Oct 30, 2025 1 fact
measurementIn 2018, global energy consumption was comprised of 80% fossil fuel resources, specifically 36% petroleum, 13.2% coal, and 31% natural gas.
Practitioners' perceived risks to biodiversity from renewable energy ... nature.com Feb 27, 2025 1 fact
claimWeak regional fossil fuel reserves and strong state support for decarbonization disincentivize a fossil fuel extraction footprint comparable to existing renewable energy development in the Pacific Coast region.