Amidst a climate crisis and global pandemic, a new analysis from Friends of the Earth Netherlands and Oil Change International reveals that the Dutch government continues to provide billions — at least €8.3 billion per year — in taxpayer backed support for the production and use of fossil fuels. By ending fossil fuel subsidies, the Netherlands could free up resources to invest in a just and green recovery from COVID-19, whilst reducing greenhouse gas emissions by 7.7% by 2025.
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Oil Change International Response to IEA Sustainable Recovery Report
In response to the new report released today by the International Energy Agency (IEA), experts at Oil Change International have issued the following statement: “The IEA again misses the mark where it matters the most, completely ignoring the link between sustainable recovery and staying within 1.5°C of warming. Nowhere in the report is there mention of the critical 1.5-degree warming limit, let alone analysis of what’s needed for a recovery plan to be fully aligned with it.”
Sortie de crise: L’Agence internationale de l’Énergie échoue de nouveau à planifier la nécessaire sortie des énergies fossiles
L’AIE publie aujourd’hui une édition spéciale de son rapport World Energy Outlook dédié aux mesures de soutien aux énergies propres dans le contexte des plans de relance post-COVID. Et pourtant, loin de marquer une rupture avec les modèles préexistants, le rapport s’obstine à ménage toutes les formes d’énergie et fait l’impasse sur la nécessaire sortie des hydrocarbures.
Oil Change International et Reclaim Finance dénoncent cet énième rapport inepte pour guider les choix des décideurs politiques et financiers en matière de transition énergétique et appellent ces derniers à la plus grande prudence quant à ses conclusions.
A resilient recovery means a managed decline of oil and gas production — here’s how we get there
This week the seemingly impossible happened: U.S. oil futures prices went negative for the first time in history. What happens next is up to us.