What does FER mean in ENERGY

What Does FER Stand For?

FER stands for Fossil Energy Ratio. It is a quantitative measure that indicates the amount of energy derived from fossil fuels relative to other sources of energy. It is expressed as a percentage, where 100% would indicate that all the energy comes from fossil fuels and 0% would mean none of it does. This ratio is generally measured over a particular period or per unit of product and can be calculated by taking total fossil fuel consumption divided by total energy consumption for that period or unit of product.

Governmental Use

The Fossil Energy Ratio has become an important benchmark for policy makers in many countries around the world. Governments use this ratio to set their targets for reducing emissions from burning outdated technology like coal and oil-fired power plants and also to benchmark best practices in terms of transitioning to renewable energy sources instead. The European Union has implemented an Energy Efficiency Directive which sets country-wide FER targets for 2030 and 2050 to promote an increasingly sustainable and decarbonised economy within its member states. These targets set by regulators are used not only by companies in developing their environmental policies but also by investors who are looking to invest sustainably into renewable energy companies or projects which are reducing emissions caused by human activities.