Summary of Fossil Fuel Reserves

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Even though there are widely differing views and estimates of the ultimately recoverable resources of fossil fuels, it is fair to say that they may last for around 50-150 years with a peak in production occurring much earlier. However, a big concern is the climatic threat of additional carbon that will be released into the atmosphere. According to the estimates from the IEA, if the present shares of fossil fuels are maintained up to 2030 without any carbon sequestration, a cumulative amount of approximately 1000 gigatons of carbon will be released into the atmosphere (based on Figure 1.7). This is especially troublesome in view of the fact that the present total cumulative emissions of about 300 gigatons of carbon have already raised serious concerns about global climate change.

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Guide to Alternative Fuels

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