In a new paper published today, Oil Change International (OCI) and Reclaim Finance analyze the shortcomings of the climate scenarios published by the NGFS and highlight the risk that they may be used to justify slow and inadequate climate action by financial actors.
Energy Transitions & Futures
ExxonMobil’s climate plans are still “grossly insufficient”
Last year, we rated ExxonMobil as “grossly insufficient” on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from “grossly insufficient” to “insufficient,” let alone to even “partial alignment.”
Response: IEA commits to develop a full 1.5°C-aligned net zero scenario
The IEA is finally taking a major step towards living up to its ambition to lead the clean energy transition.
WEO 2020: A small step when the world needs a giant leap
WEO 2020 is only a small step forward when the world needs a giant leap. Now the IEA has to finish the job and fix the WEO.
Oil Change International Response to IEA’s 2020 World Energy Outlook
Limiting warming to 1.5ºC is both urgent and possible, but governments and investors alike need pathways that allow them to plan for success, not further entrench fossil fuels.
Spoiler alert: Big oil companies are still failing on climate
Being a “leader” among laggards doesn’t cut it when we’re in a climate emergency – a crisis that the oil and gas industry has done the most to cause.
Discussion Paper: Big Oil Reality Check — Assessing Oil And Gas Climate Plans
Our new discussion paper analyzes the current climate commitments of eight of the largest integrated oil and fossil gas companies, and reveals that none come close to aligning their actions with the urgent 1.5°C global warming limit as outlined by the Paris Agreement.
G20 Recovery Packages Benefit Fossil Fuels More Than Clean Energy
Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.
IEA report misses the mark on ‘Sustainable Recovery’ by sidelining 1.5°C
If the IEA is serious about helping governments sustainably tackle interlocking economic and climate crises, they have one more chance to prove it with their data: by making a 1.5-aligned energy pathway central to the 2020 World Energy Outlook.
Ireland’s proposed climate policy would make it a global leader in keeping fossil fuels in the ground
After months of negotiations, political parties in Ireland have secured an agreement to form a new coalition government. This programme of government, titled Our Shared Future, was signed by the leaders of Fine Gael, Fianna Fáil and the Green Party and will now need to be ratified by party members. This post analyzes exclusively the … Read More