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Energy groups must stop new oil and gas projects to reach net zero by 2050
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Energy groups must stop new oil and gas projects to reach net zero by 2050
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All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday.
In a special report designed to inform negotiators at the crucial COP26 climate summit in Glasgow in November, the IEA predicted a sharp decline in fossil fuel demand in the next three decades as well as a 2040 deadline for the global energy sector to achieve carbon neutrality.
It called for a rapid and vast ramping up of renewable energy investment and capacity, which bring gains in development, wealth and human health.
No new fossil fuel projects for net-zero: IEA
Issued on:
18/05/2021 - 07:50 By 2050, the IEA said that renewables capacity and greater efficiency would see global energy demand drop about eight percent compared to today Ina FASSBENDER AFP/File 4 min
Paris (AFP)
All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday.
In a special report designed to inform negotiators at the crucial COP26 climate summit in Glasgow in November, the IEA predicted a sharp decline in fossil fuel demand in the next three decades as well as a 2040 deadline for the global energy sector to achieve carbon neutrality.
Shell s net zero climate plans need land up to three times the size of the Netherlands for carbon offsets
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