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.
For IEA scenario reform, the devil is in the details. The IEA must develop a 1.5°C scenario that is aligned with the goals of the Paris climate agreement and address the concerns of key WEO users. Anything less would be easy to discount as greenwashing or another example of the pro-fossil fuel bias at the IEA.
We must wind down the largest source of carbon emissions – the oil, gas, and coal extracted by the fossil fuel industry – to achieve the deep cuts in carbon emissions that the IPCC report warns are necessary.
This report aims to provide a picture of the public finance flowing to energy infrastructure in Africa from fiscal years 2014 through 2016. It covers development finance institutions including multilateral development banks, as well as the national development banks and export credit agencies of the countries providing the most public finance to energy in Africa.
Over 230 civil society groups from 44 countries released an open letter being sent to Canadian Prime Minister Justin Trudeau, urging him to reject the pipeline and instead begin planning for a managed decline of fossil fuel production and a just transition for workers and impacted communities.
Tackling fossil fuel production at the UN Today, a pair of declarations representing close to 500 organizations and 140 leading economists respectively were submitted to the United Nations Framework Convention on Climate Change (UNFCCC) calling on countries and the process to address fossil fuel production and financing as a critical way of increasing ambition and … Read More
Today, close to 500 organizations and 140 leading economists are calling on parties gathered for the latest round of climate negotiations to address fossil fuel production and financing in order to ensure success in meeting goals enshrined in the Paris Climate Agreement.
New Zealand joins the growing club of first movers tackling fossil fuel production! Who will be next? New Zealand joined a growing list of countries yesterday in announcing an end to fossil fuel exploration for the sake of the climate: Costa Rica, Ireland, France, and Belize are all working on plans to manage the decline of … Read More
How the International Energy Agency Guides Energy Decisions towards Fossil Fuel Dependence and Climate Change
Today, Shell released a new scenario which outlines a possible energy future for the world involving massive negative emissions. In response, Greg Muttitt commented, “The lesson is simple: If you want to know how to fix climate change, don’t ask a company that wants to sell you more oil and gas.”