CURRENT AFFAIRS

Detailed explanation-1: -Ireland is set to become the first country to divest from fossil fuels, according to NPR. The bill was passed by the Dail, Ireland’s lower house of parliament and after the bill was issued, it requires its sovereign wealth fund to sell off its holdings in fossil fuel industries “as soon as practicable.”

Detailed explanation-2: -Iceland. The land of fire and ice has unique access to a range of renewable resources. A combination of hydropower and geothermal power provide almost 100% of Iceland’s electricity needs. In fact, geothermal power heats 9 out of 10 homes.

Detailed explanation-3: -China is the largest consumer of primary energy in the world, using some 157.65 exajoules in 2021. This is far more than was consumed by the United States, which ranks second. The majority of primary energy fuels are still derived from fossil fuels such as oil and coal.

Detailed explanation-4: -The USA is the biggest overall producer, producing just under 20% of all global fossil fuels, followed by Russia and Iran. Next on the list is Canada, which produces just under 5% of all fossil fuel.