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.
climate
New Briefing: IEA Ignores Climate Reality with Industry-Friendly Outlook for Gas
With its over reliance on natural gas, the IEA’s World Energy Outlook (WEO) promotes an energy scenario that will exhaust a 1.5°C carbon budget by the early 2030s.
Reporting from Raleigh: Breaking the Gas âBridge Fuelâ Myth
Clearly, gas is not a ‘bridge fuel’ to renewable energy, nor a viable climate solution for North Carolina â it’s a fast track to climate disaster.
Canada to Trudeau: We expect more on climate
Yesterday, millions of Canadians headed to the polls and knocked the Liberalsâ majority government down to minority status. This was a clear signal to Prime Minister Justin Trudeau and his party that voters expect more and better action from a Liberal government to confront the climate crisis.
The Sky’s Limit Denmark: Why Denmark Must Phase Out North Sea Oil and Gas Extraction
A new study released by Oil Change International examines the role of Danish oil and gas production in a Paris-aligned global carbon budget. The report confirms that while Denmark has positioned itself as a global climate leader, its plans to expand North Sea oil and fossil gas extraction would undermine its record of climate action and would be incompatible with achieving its Paris climate commitments.
âScience is not negotiable’: The Fossil Fuel Phase-Out Must Start Now
Affirming that âscience is not negotiableâ in the halls of a UN conference center and acting on that fact in oneâs own policy decisions can be two different things. What counts for the climate is action to manage a rapid and just transition off of fossil fuels.
G20 Coal Subsidies: Tracking Government Support to a Fading Industry
G20 governments continue to provide billions of dollars for the production and consumption of fossil fuels. This report finds that they provide at least USD $63.9 billion per year in government support to the production and consumption of coal alone, with almost three-quarters of the support identified being directed to coal-fired power production.
EUâs lending arm wants more pipelines and the Paris Agreement â it canât have both
The European Investment Bank (EIB) is the worldâs largest multilateral lender, bigger even than the World Bank. As a public bank, itâs tasked with providing finance in the EU public interest, and it has an outsized influence on the EUâs energy system because of the private investment it can âcrowd inâ and the sheer amount of money it has at its disposal.
Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals
There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
The devil is in the details: Oil Change International response to reports of IEA movement on a 1.5°C scenario
Weâre glad to hear that the IEA is starting to respond to the growing demands from business leaders, government leaders, and civil society members to align its scenarios with Paris. However, the devil is in the details as to whether or not such a scenario from the IEA should earn our applause, and we must withhold judgment until more details are released.