“As COP28 negotiations for a full phase out of fossil fuels progress, today’s announcements show that fossil fuel phaseout is not a pipe dream: new and existing members of the Beyond Oil and Gas Alliance show it is possible and urgent to take the right steps to keep oil and gas in the ground and support a global phase out of fossil fuel production.”
“Global leaders have to deliver a full package. We will not accept weak outcomes only on coal or renewables, and without addressing the primary driver of the climate crisis, fossil fuels. We need countries to reach an agreement that includes a just and equitable phase out of all fossil fuels, with rich countries agreeing to phase out fastest, as well as a rapid phase in of renewables, a doubling of energy efficiency, and rich countries agreeing to redirect trillions in finance from fossil fuel industry handouts to support the transition in the form of grants, not loans.”
Leaders expressed ambition to keep Paris goals within reach, highlighted opportunities to cut emissions in every sector, and emphasized the need for a “phase down of fossil fuels in support of a transition consistent with limiting warming to 1.5°C”.
Two weeks prior to COP28, a coalition led by 350.org and Oil Change International, comprising over 100 organizations, express grave concerns in an open letter regarding the energy strategy outlined by the COP28 president in two recent communications.
Today the UN published the 2023 Production Gap Report, confirming governments’ plans to produce more than double the amount of fossil fuels in 2030 than is compatible with limiting warming to 1.5°C, despite climate promises. By 2050, planned fossil fuel production is projected to be 350% above levels consistent with the 1.5°C limit.
As countries conclude preliminary talks in Abu Dhabi ahead of the UAE-hosted COP28 climate summit, an agreement to phase out fossil fuels has taken center stage as a key expected outcome.
When you are in a hole, the first step is to stop digging. New data shows the majority of the fossil fuel reserves within active fields and mines must stay in the ground to maintain a liveable climate.
Norway’s energy ministry approves over USD 18 billion to support 19 new oil and fossil gas field developments on the Norwegian Continental Shelf in the North Sea – Silje Ask Lundberg, Oil Change International North Sea campaign manager responds.
A new report by ActionAid Denmark, Urgewald, Oil Change International, Greenpeace Norway, the Norwegian Forum for Development and Environment and Future in our hands, has exposed the truth behind the Norwegian Oil Fund’s commitment to exit coal, revealing the fund still has billions of US dollars invested in the polluting industry, making it Europe’s largest institutional investor in coal.
Today, the Beyond Oil and Gas Alliance, a diplomatic initiative of countries and subnational actors that have committed to phasing out oil and gas production in line with the objectives of the Paris Agreement, announced new supporters and an initial USD 10 million funding facility to help countries plan for a just transition.