International Group Wants All New Fossil-Fuel Projects Stopped

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International Group Wants All New Fossil-Fuel Projects Stopped

Published: Sunday, May 30th, 2021 @ 8:19 am
By: John Locke Foundation ( More Entries )

Abby Smith and Josh Siegel report for the Washington Examiner on the latest sweeping pronouncement from an international group worried about climate change.

The world must immediately stop investing in new oil and gas projects in order to eliminate greenhouse gas emissions by 2050, the International Energy Agency said in a new report.

The Paris-based forecasting group said the globe only has a “narrow” opportunity to reach net-zero emissions by 2050, a target that scientists say must be met in order to avoid the worst consequences of global warming.

The new report underscores the huge challenges facing the Biden administration, which has promised aggressive action this decade to cut U.S. emissions in half by 2030, a level necessary to put the country on track to reach net-zero emissions by 2050.

Net-zero means countries would stop adding any new emissions to the atmosphere.

The United States and other large countries that have made net-zero commitments account for around 70% of global carbon emissions, but those pledges are nowhere near enough for the world to hold global warming to no more than 1.5 degrees Celsius, the goal of the Paris Agreement.

“Moving the world onto that pathway requires strong and credible policy actions from governments, underpinned by much greater international cooperation,” said IEA Director Fatih Birol, who said the goal remains “achievable” if it follows a path laid out by his agency.

Here are some actions the world must take to keep pace, the IEA said:

The world’s least efficient coal plants would need to be phased out by 2030, and any remaining plants in use by 2040 would have to be equipped with carbon capture technology.

No new oil and natural gas fields can be approved for development.

Automakers could not sell new gasoline-powered vehicles by 2035, while electric vehicles would have to increase from around 5% of global car sales to more than 60% by 2030.

Across the economy, fossil fuels supply almost four-fifths of total energy supply today, but that would have to fall to just over one-fifth by 2050.

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Comments

Concerned Taxpayer said:

( June 7th, 2021 @ 12:48 pm )

Thanks, J. Coward. That documentary that was broadcast nationwide by the UK's Channel 4 is a great scientific rebuttal to the fake science of the climate alarmists. The many prominent scientists interviewed rip the global warming theory to shreds. It is telling that none of the cowardly US TV networks either make their own documentary or even broadcast that one. It is just fortunate that YouTube, which is now censorship prone continues to leave it up so Americans can watch it.

Jann said:

( May 31st, 2021 @ 9:59 pm )

Great information on this YouTube documentary!
Thanks Concerned Taxpayer. Everyone should watch this and pass it along.

Concerned Taxpayer said:

( May 30th, 2021 @ 11:04 am )

This UN agency is in the hard core climate alarmist camp and pushing a radical global sort of "green new deal". Climate alarmism represents what the immediate past president of the Czech Republic, Dr. Vaclav Klaus, called "a budding totalitarian ideology which is the greatest threat to freedom, democracy, and prosperity in the world today. They represent "scientists" as marching in lockstep with them but that is simply not true. A great presentation of the REAL science on "global warming" is the British TV documentary "The Great Global Warming Swnidle" broadcast nationally on Channel 4 which interviews prominent scientists who rip the global warming / climate change theory to shreds. It can be viewed here: www.youtube.com

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