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The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
Today, California Governor Gavin Newsom announced new steps to restrict dangerous drilling practices and improve protections for communities close to oil and gas extraction.
Four days in the Permian Basin is enough. It’s overwhelming in every way. It’s overwhelming the carrying capacity of the land. It’s overwhelming the community. And as Permian oil, gas, and toxic gas liquids flood global markets, it’s overwhelming our climate.
Yesterday, the EIB announced it will end financing for fossil fuel energy projects from the end of 2021.
REPORTS & BRIEFINGS
The latest climate science and rapidly changing energy markets indicate the need to rapidly shift away from fossil gas, yet the IEA mistakenly presents gas as compatible with a decarbonized future. This policy brief brings together the latest energy market research with the need for reform of the World Energy Outlook.
A new study released by Oil Change International examines the role of Danish oil and gas production in a Paris-aligned global carbon budget. The report confirms that while Denmark has positioned itself as a global climate leader, its plans to expand North Sea oil and fossil gas extraction would undermine its record of climate action and would be incompatible with achieving its Paris climate commitments.
There is an urgent need to ensure that anti-climate riders stay out of appropriations packages for Fiscal Year 2020 as Congress and the Trump Administration continue to negotiate a spending package.
G20 governments continue to provide billions of dollars for the production and consumption of fossil fuels. This report finds that they provide at least USD $63.9 billion per year in government support to the production and consumption of coal alone, with almost three-quarters of the support identified being directed to coal-fired power production.