The IEA is steering the energy system towards catastrophic levels of warming. It continues to promote an energy future headed for around 3 degrees of warming, and acts as if the Paris Agreement never happened
Day: November 14, 2017
COP23: Trump’s “Clean Fossil Fuels” Panel Dismissed as “Promoting Tobacco at a Cancer Summit”
Donald Trump’s attempts to promote so called “false solutions” at the UN climate conference in Bonn backfired badly yesterday, with Michael Bloomberg, the former mayor of New York, arguing that “promoting coal at a climate summit is like promoting tobacco at a cancer summit.”
Reaction: International Energy Agency undermines Paris Agreement
“The IEA must help the world plan for success in reaching the Paris goals. That can’t happen until a real climate scenario forms the heart of World Energy Outlook.”
Fact Sheet: Despite Paris Agreement, Governments Still Fund Billions in Fossil Fuel Finance Each Year
Instead of funding clean energy solutions, G20 governments and multilateral development banks still overwhelmingly fund the problem, averaging nearly $72 billion per year in public finance for fossil fuels compared to less than $19 billion per year for renewable energy.