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.
Gas
EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both
The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.
Briefing: Why the U.S. Export-Import Bank Must End Financing for Fossil Fuels
Over the past decade, nearly 90% of the U.S. Export-Import Bank’s total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent need for a ban on fossil fuel financing at ExIm.
Report: The European Investment Bank Can’t Meet the Paris Agreement if It Keeps Funding Gas Infrastructure
A new analysis released today highlights how European Investment Bank (EIB) financing of fossil fuel projects – in particular gas pipelines and LNG terminals – is not compatible with EU climate commitments or the aims of the Paris Agreement.
Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals
There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
As Britain Pledges Climate Action; Canada Heads for Fossil Fuel “Armageddon”
No matter how much spin they put on it, Canada is heading for its Kodak-climate moment.
New Report Debunks Gas ‘Bridge Fuel’ Myth
A new report debunks the myth that natural gas can be a bridge to a clean, affordable energy future and warns policymakers to “avoid picking gas as the winner” in the transition to clean energy.
Breaking! Gas Still Isn’t a Bridge Fuel
Gas is dirty, expensive, and unnecessary – so why is the fossil fuel industry calling it a ‘bridge fuel’? Our new report unpacks and debunks the enduring myth that gas can form a ‘bridge’ to a safe climate.
Burning the Gas ‘Bridge Fuel’ Myth: Why Gas Is Not Clean, Cheap, or Necessary
This report unpacks and debunks the enduring myth that gas can form a bridge to a decarbonized future. As the global crisis intensifies while the production and consumption of gas soars, it is clearer than ever that gas is not a solution to the climate crisis.
People power can stop the Line 3 tar sands pipeline in Minnesota
We know that people power can stop dangerous fossil fuel projects like the proposed Line 3 tar sands oil pipeline in Minnesota, because we’ve proved it over and over again – and recently we’ve had two more big wins.