A new infographic reveals how fossil-fueled development bypasses African communities, but also illustrates the continent’s potential for a just transition. As Africa holds 39 percent of global renewable energy potential, governments and banks must shift their climate finance commitments towards a renewable just transition in Africa.
EACOP
New briefing: Oil and gas industry on brink of major surge in expansion â new drilling plans approved through 2025 could exhaust 17% of the global carbon budget for 1.5°C
The new briefing, titled âInvesting in Disasterâ, exposes the countries and companies that have approved the most new oil and gas extraction in 2022, and that could be responsible for major expansion through 2025.
Investing in Disaster: Recent and Anticipated Final Investment Decisions for New Oil And Gas Production Beyond the 1.5°C Limit
The briefing reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively lock in 70 billion tonnes (Gt) of new carbon pollution. This is equivalent to almost two yearsâ worth of global carbon emissions from energy at current levels, 17 percent of the worldâs remaining 1.5°C carbon budget, or the lifecycle emissions of 468 coal power plants.
âWe’re not in an energy crisis, we’re in a fossil fuel crisisâ â advocates discuss fossil fuels at onset of COP27
“Make no mistake â the fossil gas agenda is a neocolonial agenda and patriarchal one. Fossil gas will not provide âenergy securityâ in Africa or anywhere else.” âLorraine Chiponda