Investors often use the WEO to assess energy investments. Contrary to the IEA’s claims, its ‘Sustainable Development Scenario’ (SDS) is not aligned with the Paris goals.
The U.S. oil and gas industry has the potential to unleash the largest burst of new carbon emissions in the world through 2050, new research released today has found.
In response to the International Energy Agency’s (IEA) 2018 World Energy Outlook (WEO), Greg Muttitt, Research Director at Oil Change International, said: “We need the world’s foremost energy modellers to model global success in meeting our climate goals, yet this year’s WEO again emphasizes a business-as-usual pathway to climate failure.”
In a landmark special report, the IPCC has today confirmed the urgency and importance of keeping us to 1.5ºC of warming.
The letter calls on Brown and the state “to become the first major fossil fuel producer to begin a managed and just transition off oil and gas production.”
The Lofoten Declaration calls for no new exploration or expansion of oil, coal, or gas, and a managed decline of the fossil fuel sector. For a good part of the past three decades, climate action has been planned, measured, judged, and implemented based on tackling emissions where they come out of the chimney or the … Read More
Hundreds of Global Organisations Demand Supply-Side Action The Lofoten Declaration calls for a managed decline of the fossil fuel sector. For the text of the declaration and a full list of signatories, visit http://www.LofotenDeclaration.org. FOR IMMEDIATE RELEASE 7 SEPTEMBER 2017 Contact: Hannah McKinnon, hannah [at] priceofoil.org Over 220 organizations from 55 countries have released a … Read More
Unprecedented and “never-before-seen” impacts of climate change are all around us. From Hurricanes’ Harvey and Irma to massive flooding in India, Bangladesh, and Nepal to forest fires burning through the west coast of North America – climate change is here and now, and it is catastrophic. Fortunately, unprecedented and never-before-seen climate policy is also starting … Read More
Five Nobel Peace Laureates have called on Norwegian Prime Ministerial candidates to declare their intent to put an end to fossil fuel exploration and expansion. The letter, sent in advance of the country’s national elections in mid-September, is an appeal for climate leadership. But, they are also the world’s seventh largest exporter of emissions. Their … Read More
Norway’s plans for fossil fuel development are at odds with its commitments to the Paris climate goals according to a new report. In addition to being the world’s seventh largest emissions exporter, projected oil and gas development in the country are incompatible with global carbon budgets aligned with limiting global warming to 2 degrees Celsius or 1.5 degrees Celsius.