
Our guide to the EU Omnibus Regulation
In this guide, we break down what we know so far about the EU Omnibus Regulation, its expected impact, and the key points businesses should be aware of as they prepare for potential regulatory changes.
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A fossil fuel is a natural fuel, such as coal, gas, or oil – and is formed from the Earth’s crust. Fossil fuels are extracted and used to be burned as fuel: such as for a train powered by coal. Fossil fuels are also used to provide heat or generate electricity.
Fossil fuels are considered natural sources of energy as they are formed over millions of years from the remains of ancient plants and animals, despite the fact the process of extracting these finite sources is harmful for the planet. These organic materials are buried under layers of sediment and rock, where heat and pressure allow them to transform into fossil fuels used today such as coal, oil (petroleum), and natural gas.
Fossil fuels are referred to as non-renewable resources because they take millions of years to form and cannot be easily replenished in the same way renewable sources such as solar or wind power can. Fossil fuels are rich in carbon and hydrogen, which makes them highly efficient for producing energy – but the downside is that burning them releases excess greenhouse gases, especially carbon dioxide (CO₂), which contribute to global climate change.
Fossil fuels are important as they have powered industrialization and modern society and provided affordable, reliable energy for transportation, manufacturing, and electricity. However, fossil fuels are also known to be the largest source of human-caused CO₂ emissions, and their extraction has been known to cause profound environmental damage including habitat destruction, oil spills, and water contamination.
Fossil fuels aren’t renewable since they take millions of years to form, so once used, they cannot be replaced for current foreseeable generations.
Unfortunately, yes – despite the newfound interest and advancement in renewable energy, fossil fuels still account for over 75% of global energy consumption.
While technologies such as carbon capture can reduce emissions created by fossil fuels, the most effective, long-term solution would be to transition societies around the world to the use of renewable energy.
