A global set of 60 climate and rights groups has issued a set of “Principles for Paris-Aligned Financial Institutions” to offer a roadmap for the decarbonization of the finance sector on a timetable aligned with the Paris Agreement.
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels, and Deforestation
Sixty climate and human rights groups from around the globe have issued a set of “Principles for Paris-Aligned Financial Institutions” to offer a roadmap for the decarbonization of the finance sector on a timetable aligned with the Paris Agreement.
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.
When you are in a hole…
Tackling fossil fuel production at the UN Today, a pair of declarations representing close to 500 organizations and 140 leading economists respectively were submitted to the United Nations Framework Convention on Climate Change (UNFCCC) calling on countries and the process to address fossil fuel production and financing as a critical way of increasing ambition and … Read More
Time to Stop Digging: Why Germany’s Climate Leadership Requires a Rapid Phaseout of Fossil Fuel Production and Finance
Germany is falling far short of true climate leadership – our new report details why it must end coal production swiftly with a just transition and stop funding fossil fuels aboard.
Paris Proposes Ban on All Internal Combustion Cars by 2030
Officials in Paris have announced they plan to banish all gasoline and diesel cars by 2030
The Hazards of EIA Energy Forecasts
WARNING: Use of this outlook for decision-making may cause sea level rise, flooding, droughts, extreme weather, food shortages and ecosystem collapse. Accepting the conclusions of the latest energy outlook, released this month by the U.S. Energy Information Administration (EIA) means also accepting certain climate catastrophe. As we have noted before, the EIA has made a routine … Read More
Vive la France!
Unprecedented and “never-before-seen” impacts of climate change are all around us. From Hurricanes’ Harvey and Irma to massive flooding in India, Bangladesh, and Nepal to forest fires burning through the west coast of North America – climate change is here and now, and it is catastrophic. Fortunately, unprecedented and never-before-seen climate policy is also starting … Read More
Reaction: Oil Change International responds to Trump pull out from Paris Agreement
America First? Trump just put America Last in the coming clean energy economy. So ends the so-called ‘American century’ of leadership. The decision to withdraw from the Paris Climate Agreement will go down in history as one of the most short-sighted, destructive, and malicious decisions of any American President ever.
The International Energy Agency’s New Climate Scenario: At Last, a Step Towards Paris
Today the IEA finally released an energy forecast that aims for a greater chance of avoiding climate catastrophe. It is crucial that the IEA now retire its outdated 450 Scenario, and instead focus on how to keep warming well below 2ºC and aim for 1.5ºC.