ENERGY TRANSITIONS & FUTURES
Our Energy Transitions and Futures program leads strategic campaigns and produces cutting-edge analysis to advance the energy transformation we need to meet global climate goals. Our focus and expertise is on the supply side – where oil, gas, and coal companies are digging fossil fuels out of the ground.
Our groundbreaking Sky’s Limit report found that existing oil and gas fields and coal mines around the world already contain enough fossil fuels to push us far beyond 1.5 degrees Celsius of warming. That’s the problem.
The solution is for governments and institutions to manage a rapid and equitable decline of fossil fuel production. We can chart a transition to clean, renewable energy that prevents climate breakdown and guarantees a bright future for workers and communities currently on the frontlines of extraction – but we have no time to waste.
OVERVIEW OF WORK
In 2016, Oil Change International released a groundbreaking report that put the urgency of winding down fossil fuel production in sharper focus than ever before. We found that already-producing oilfields, gasfields, and coal mines – where the infrastructure is already built and the capital invested – hold enough carbon to take the world well beyond 1.5°C of warming and up to 2°C. This makes two things very clear:
- The amount of fossil fuel in production is too much already – any expansion is incompatible with meeting the climate goals set in the Paris Agreement; and
- Governments must begin a just and equitable managed decline of existing fossil fuel projects – with wealthy nations in the lead – to limit warming to 1.5°C and prevent the worst climate devastation.
Our Energy Transitions and Futures program is supporting movements and pushing international and national leaders to respond to this challenge head on, and commit to the rapid and just transition off of fossil fuels that our climate goals demand.
Momentum is growing. Since August 2017, more than 500 civil society organizations across 76 countries have signed the Lofoten Declaration, calling on wealthy fossil fuel producers to lead in managing the decline of fossil fuel production.
A growing group of countries, including New Zealand, France, Belize, and Costa Rica, have begun putting limits on fossil fuel development. We’ve produced reports making the case for why Norway, Canada, California, and Germany have a responsibility to join this club of First Movers. And we’re working with influential think tanks, investors, scientists, and policymakers around the world to ensure our leaders have the tools they need to make informed energy decisions – and plan for success in meeting our climate goals.
LATEST PROGRAM POSTS
A draft report from the Intergovernmental Panel on Climate Change (IPCC) states: "The worst is yet to come, affecting our children's and grandchildren's lives much more than our own." It reiterates that we have to act now to avoid runaway climate change.
It has been a terrible, horrible, no good, very bad week or so for Big Oil...and that’s a very good thing for our climate.
Last week, the International Energy Agency released the groundbreaking “Net Zero by 2050” report, which they described as “world’s first comprehensive study of how to transition to a net zero energy system by 2050.” As OCI’s Kelly Trout outlined in her analysis last week, this first 1.5?C-aligned model from the IEA “closes the door on new fossil fuel extraction.”
In bold lettering, the IEA concluded: “There is no need for investment in new fossil fuel supply in our
The IEA has consistently boosted new oil and gas development. Now it's backing up the global call to stop the expansion of fossil fuel extraction.
Yesterday, the Spanish Parliament adopted a wide-ranging Climate Change and Energy Transition law, which includes a ban on new fossil fuel exploration and production licenses.
LATEST PROGRAM RESEARCH
The IEA has a crucial opportunity in 2021 to guide the world towards 1.5°C-aligned energy investment. We outline crucial steps the IEA must take to get on track.
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.
The latest climate science and rapidly changing energy markets indicate the need to rapidly shift away from fossil gas, yet the IEA mistakenly presents gas as compatible with a decarbonized future. This policy brief brings together the latest energy market research with the need for reform of the World Energy Outlook.