Zeroing In: A guide for the finance sector on the IEA’s Net Zero Emissions scenario and its implications for oil and gas finance

February 9, 2022By David TongBriefings, Energy Transitions & Futures, News, Resources 2 Comments

This briefing gives financial institutions an overview of the IEA’s first 1.5°C-aligned scenario and what it means for oil and gas. We show that the IEA’s conclusion about ending new oil and gas field development is not a product of scenario design; it’s the arithmetic of 1.5°C.

More than 150 civil society organisations urge IEA to put 1.5ÂşC first in the 2021 World Energy Outlook

September 14, 2021By David TurnbullBlog Post, Press Releases

Today, Oil Change International and over 150 other civil society organisations from all over the world sent an open letter to International Energy Agency (IEA) director Dr. Fatih Birol, urging him to center 1.5 degrees Celsius (ÂşC) in the 2021 World Energy Outlook (WEO). The IEA is due to release the WEO in one month, on October 13, 2021.

Oil Change International Response to IEA Sustainable Recovery Report

June 18, 2020By OCI TeamEnergy Transitions & Futures, Press Releases 1 Comment

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 Ă©choue de nouveau Ă  planifier la nĂ©cessaire sortie des Ă©nergies fossiles

June 18, 2020By OCI TeamEnergy Transitions & Futures, Press Releases

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.

Putting clean energy stimulus at the heart of IEA analysis?

March 26, 2020By David TongBlog Post, Energy Transitions & Futures

People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right – but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.