The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
The second in a series of blogs on the IEA’s 2019 report on the role of gas in energy transitions. This part explores the climate risks inherent in the report’s main policy prescription.
Why we can’t hide from the discussion about a managed decline of fossil fuel production. It is clear that the end of the fossil fuel era is on the horizon. Between plummeting renewable energy costs, uncharted electric vehicle growth, government commitments to decarbonization enshrined in the Paris agreement, and a growing list of fossil fuel … Read More