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Paris Agreement
Still Off Track: How the IEA’s 2019 World Energy Outlook Undermines Global Climate Goals
This briefing provides a technical analysis of how the International Energy Agency’s (IEA) 2019 World Energy Outlook (WEO) continues to steer governments and investors off track in tackling the climate crisis.
To advise on green stimulus, the IEA needs to upgrade its own climate toolbox
A toolbox isn’t very helpful if even the best tool in it only gets you halfway to the repair you need to make. As the IEA prepares a special report on economic recovery, it must close its own climate credibility gap.
Banking on Climate Change 2020: Fossil Fuel Finance Report Card
A new report, Banking on Climate Change 2020, reveals that 35 private-sector banks across Canada, China, Europe, Japan, and the U.S. have financed fossil fuels with USD $2.7 trillion since the Paris Agreement was adopted (2016-2019), with financing on the rise each year.
The report finds that fossil fuel financing continues to be dominated by the big U.S. banks – JPMorgan Chase, Wells Fargo, Citi, and Bank of America – together, these four banks account for a staggering 30% of all fossil fuel financing from the 35 major global banks since the Paris Agreement was adopted.
The Loopholes Lurking in BP’s New Climate Aims
It’s time for BP and all oil companies to stop hiding behind net-zero rhetoric and commit to immediate action on the scale of the crisis we’re in.
Report: G20 Nations Throwing Billions at Fossil Fuel Industry through Export Credit AgenciesÂ
A network of secretive, government-backed financial institutions called export credit agencies are handing more than $31 billion USD per year to the oil, gas, and coal industry, new analysis by Oil Change International and Friends of the Earth U.S. shows.Â
Adding Fuel to the Fire: Export Credit Agencies and Fossil Fuel Finance
This report from Oil Change International and Friends of the Earth U.S. shows that since the Paris Agreement was made, G20 countries have used their export credit agencies to provide nearly 12 times more finance to fossil fuels than to clean energy.Â
As COP opens, UN warns of “betrayal of generations to come,” unless we radically increase climate action
AntĂłnio Guterres, the Secretary-General of the United Nations, opened this year’s climate change talks with a rousing speech, stating: “Do we really want to be remembered as the generation that buried its head in the sand, that fiddled while the planet burned?”
Carbon emissions rise to highest level in at least three million years
“There is no sign of a slowdown, let alone a decline, in greenhouse gases concentration in the atmosphere despite all the commitments under the Paris Agreement on Climate Change”.
The IEA and WEO 2019: Still working for fossil fuels, not global climate goals
In its 2019 World Energy Outlook, used by governments and investors all over the world to guide energy decisions, the International Energy Agency is still centering a trajectory heading towards climate breakdown.