Regan Brown
Fossil fuels are important economically and politically. The systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world. However, burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons. These pollutants create smog and respiratory diseases and collect in the atmosphere, preventing the Earth's heat from escaping into space. As a result, scientists predict the Earth's temperature could increase by as much as 4 degrees Celsius by the end of the century. The supply of fossil fuels is finite, and the pollution from burning them is bad for the environment. The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself.
| Characteristics | Values |
|---|---|
| Economic importance | The systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world. |
| Environmental impact | Burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons. The supply of fossil fuels is finite, and the pollution from burning them is bad for the environment. |
| Climate change | Burning fossil fuels contributes to climate change by releasing greenhouse gases, such as carbon dioxide, into the atmosphere. The burning of fossil fuels is a major contributor to global warming. |
| Ocean acidification | The burning of fossil fuels contributes to ocean acidification by releasing carbon dioxide into the atmosphere, which is then absorbed by the oceans. |
| Respiratory diseases | Burning fossil fuels releases harmful pollutants, including nitrogen oxides and sulfur dioxide, which can cause respiratory diseases. |
| Smog | Burning fossil fuels releases harmful pollutants, including nitrogen oxides and sulfur dioxide, which can cause smog. |
| Temperature increase | Burning fossil fuels releases harmful pollutants, including nitrogen oxides and sulfur dioxide, which can cause the Earth's temperature to increase by as much as 4 degrees Celsius by the end of the century. |
| World Bank funding | The World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year. |
What You'll Learn
Economic importance
The economic importance of fossil fuels is well-established. The systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world.
The World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year from 2020-2022.
The conservation of fossil fuels is important because the supply of fossil fuels is finite. The pollution from burning them is also bad for the environment.
The fossil fuel industry employs millions of workers around the world. The systems for extracting and transporting them have already been developed.
The World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year from 2020-2022.
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Environmental pollution
Burning petroleum, coal, and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone, and hydrocarbons. These pollutants create smog and respiratory diseases and collect in the atmosphere, preventing the Earth's heat from escaping into space. As a result, scientists predict the Earth's temperature could increase by as much as 4 degrees Celsius by the end of the century. Carbon dioxide also acidifies the oceans, killing sea creatures and reducing the ability of ocean water to absorb this harmful gas.
The supply of fossil fuels is finite, and the pollution from burning them is bad for the environment. The economic importance of fossil fuels is well established, and the systems for extracting and transporting them have already been developed. The fossil fuel industry employs millions of workers around the world.
The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself. From 2020-2022, the World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year. Despite being the biggest source for climate-related development finance, the bank's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
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Atmospheric warming
Burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons. These pollutants collect in the atmosphere and prevent the Earth's heat from escaping into space. As a result, scientists predict the Earth's temperature could increase by as much as 4 degrees Celsius by the end of the century.
Carbon dioxide acidifies the oceans, killing sea creatures and reducing the ability of ocean water to absorb this harmful gas. The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself.
The supply of fossil fuels is finite, and the pollution from burning them is bad for the environment. The economic importance of fossil fuels is well established, and the systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world.
Despite being the biggest source for climate-related development finance, the World Bank Group's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
From 2020-2022, the World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year.
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Ocean acidification
The economic importance of fossil fuels is well established. The systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world. Despite the use of fossil fuels increasing in many countries, coal, oil, and gas are still abundant in the Earth's crust. However, the supply of fossil fuels is finite, and the pollution from burning them is bad for the environment.
The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself. From 2020-2022, the World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year. Plus, despite being the biggest source for climate-related development finance, the bank's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
The burning of fossil fuels has pushed the planet toward a hotter and hotter future for many years. Despite being the biggest source for climate-related development finance, the World Bank's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself. From 2020-2022, the World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year. Plus, despite being the biggest source for climate-related development finance, the bank's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
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Climate change
Burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons. These pollutants create smog and respiratory diseases and collect in the atmosphere, preventing the Earth's heat from escaping into space. As a result, scientists predict the Earth's temperature could increase by as much as 4 degrees Celsius by the end of the century. Carbon dioxide also acidifies the oceans, killing sea creatures and reducing the ability of ocean water to absorb this harmful gas.
The economic importance of fossil fuels is well established. The systems for extracting and transporting them have already been developed, and the fossil fuel industry employs millions of workers around the world.
The supply of fossil fuels is finite, and the pollution from burning them is bad for the environment. The conservation of fuel slows both the rate of atmospheric warming and ocean acidification, hopefully giving the Earth time to heal itself.
From 2020-2022, the World Bank Group (WBG) was the largest direct funder of fossil fuels among multilateral development banks, providing on average $1.2 billion in financing each year. Plus, despite being the biggest source for climate-related development finance, the bank's real-world track record on climate is mixed at best. Recent reporting showed that hundreds of nominally climate-related projects receiving WBG funding have no real connection to actual climate purposes.
The use of fossil fuels is increasing in many countries, but there is a growing awareness of the importance of the conservation of fuel sources among environmentalists and economic policy makers.
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Frequently asked questions
The economic importance of fossil fuels is well-established, with established systems for extracting and transporting them and millions of workers employed in the fossil fuel industry.
Burning petroleum, coal, and natural gas releases harmful pollutants into the air, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone, and hydrocarbons. These pollutants create smog and respiratory diseases and collect in the atmosphere, preventing the Earth's heat from escaping into space. This could lead to the Earth's temperature increasing by 4 degrees Celsius by the end of the century.
Coal is derived from decomposed plant matter, oil comes from decayed plankton, and natural gas is a by-product of decomposed plants and microorganisms.
Carbon dioxide from burning fossil fuels acidifies the oceans, killing sea creatures and reducing the ability of ocean water to absorb carbon dioxide.
The supply of fossil fuels is finite, and burning them pollutes the environment. Conserving fossil fuels slows the rate of atmospheric warming and ocean acidification, giving the Earth time to heal itself.
