International Energy Agency floats new plan to end oil, gas, and coal expansion

In major shift, International Energy Agency (IEA)’s World Energy Outlook has mainstreamed 1.5°C pathway, showing need to end oil, gas, and coal expansion, insisting on new fossil fuel phase-out benchmarks in order to test government ambition ahead of COP26. A report by Oil Change International, distributed by BankTrack:

***

For the first time, the International Energy Agency (IEA)’s flagship annual report on global energy pathways, used worldwide to influence trillions of dollars in investment, details an achievable roadmap to keep global heating below 1.5 degrees Celsius (°C). By making a 1.5°C scenario the benchmark of this year’s World Energy Outlook (WEO), the IEA challenges governments and companies to back up lagging Paris pledges with immediate action to shift the energy system away from fossil fuels.
Notably, this year’s WEO solidifies the policy conclusion, first presented by the IEA in May, that no new oil, gas, and coal extraction projects should be approved under a 1.5°C-aligned pathway, alongside a surge of investment into clean energy and efficiency solutions. This finding bolsters climate campaigners’ demands that governments and financial institutions take immediate action to stop investing in new fossil fuel extraction and rapidly increase climate finance heading into this year’s COP26 summit in Glasgow.
Oil Change International experts released the following statements in response to WEO 2021:

David Tong, Global Industry Campaign Manager, Oil Change International:

“Today’s report is a step change for the International Energy Agency. This year’s World Energy Outlook confirms that investment in new fossil fuel projects will undermine our chance to limit warming to 1.5ºC. In contrast, investing in clean energy brings huge benefits. A massive scale up of clean energy would ensure energy access, reduce price shocks, prevent millions of deaths from air pollution, and create millions more jobs. The days of the WEO being used to justify dangerous investments in fossil fuel expansion must be over.
“Now, the challenge is set for governments and investors. Will they stop approving and funding new oil and gas expansion? In particular, will the UK – who is presiding over the upcoming COP26 climate talks – prove its commitment to 1.5ºC by stopping the new Cambo oil field?
“Today’s report is particularly remarkable because of the IEA’s history. It was established after the 1972 oil shock with an express goal of securing OECD member states’ access to oil. Big oil and gas companies like Shell and BP have relied on previous, less ambitious IEA scenarios to justify inadequate climate plans and pledges. That hiding place is now gone.”

Kelly Trout, Research Co-Director, Oil Change International:

“We’ve seen some governments and fossil fuel companies dismiss the IEA’s 1.5°C scenario as ‘unrealistic,’ yet there’s no greater delusion than thinking we can solve the climate crisis by extracting more and more fossil fuels. Governments that have relied on the WEO in the past to justify their energy investments have no credibility in ignoring the IEA’s guidance now, when it’s finally consistent with the 1.5°C limit they agreed to in Paris.
“One indication of where governments stand in heeding this science will be who joins Denmark and Costa Rica in launching the Beyond Oil and Gas Alliance at COP26, committing to end oil and gas licensing. We’re also watching to see who joins the UK and European Investment Bank in jointly committing to end international finance for fossil fuel projects and shift funding into renewable energy solutions.
“It’s important to note that the IEA’s analysis finds no justification for new oil and gas fields despite still containing some risky modelling choices that prolong pollution. Last month, more than 150 civil society groups urged the IEA to slash over-reliance on carbon capture and storage, fossil gas, and biofuels in its 1.5°C scenario, and we’ll continue pushing the IEA to prioritize truly clean and just energy solutions.”

Key energy benchmarks for 1.5°C alignment highlighted in this year’s WEO include:

As of this year, ceasing approval of new oil and gas fields, coal mines or mine extensions.
As of this year, halting new construction of coal-fired power plants, and retiring around 40% of the existing global coal power fleet by 2030.
Investing heavily in energy efficiency, so that the energy intensity of the global economy falls by 4% annually this decade.
More than tripling global clean energy investment by 2030, with 85% of total energy investment directed towards clean technologies by that year.
Fully decarbonizing the electricity sector by 2035 in advanced economies – and by 2040 in all countries.
Slashing fossil fuel-related methane emissions by 75% by 2030.
Ending sales of new internal combustion engine cars by 2035 globally.

Prior to this year’s WEO, more than 150 civil society organizations submitted a letter to the IEA, urging them to center the 1.5 degree C-aligned scenario:

OCI’s analysis of the “Net Zero by 2050” scenario released in May 2021 can be found here
OCI’s response to the 2020 WEO can be found here:

Comments

Towards 2024: Time for ‘We the People of India’ to wake up before it is too late

By Fr Cedric Prakash SJ* It is Constitution Day once again! We, the people of India, gratefully remember 26 November 1949 when the Constitution of India was passed and adopted by the Constituent Assembly. The Constituent Assembly comprised women and men of distinction, who were able to represent the heart and soul of the people of India without fear or favour. They gave of their best, so that we may a visionary Constitution, which would be the mainstay for and of democracy in India!

Regretful: Kapil Dev retired not leaving Indian cricket with integrity he upheld

By Harsh Thakor Kapil Dev scaled heights as an entertainer and a player upholding the spirit of the game almost unparalleled in his era. In his time he was cricket’s ultimate mascot of sportsmanship On his day Kapil could dazzle in all departments to turn the tempo of game in the manner of a Tsunami breaking in. He radiated r energy, at a level rarely scaled in his era on a cricket field. Few ever blended aggression with artistry so comprehenisively. Although fast medium, he could be as daunting with the ball as the very best, with his crafty outswinger, offcutter, slower ball and ball that kicked from a good length. Inspite of bowling on docile tracks on the subcontinent, Kapil had 434 scalps, with virtually no assistance. I can never forget how he obtained pace and movement on flat pancakes, trapping the great Vivian Richards in Front or getting Geoff Boycott or Zaheer Abbas caught behind. No paceman carried the workload of his team’s bowling attack on his shoulders in his eras muc

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das* India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

Critical factors that determine, contribute to the success and effectiveness of NGOs

By Rohit Rakshit Over the last few years, I have been fortunate to work with numerous non-governmental organizations (NGOs) across various states in the country. This experience has allowed me to gain insights into their diverse areas of work while also enabling me to analyze the key attributes that contribute to the success of a good NGO. According to my observations, the following are the critical factors that determine the effectiveness of an NGO.

Polytechnic Uprising 50 years ago even today inspires radical Greek youth movement

By Harsh Thakor* On November 17, progressive sections in Greece marked the 50th anniversary of the Athens Polytechnic Uprising of 1973. A massive rally from the Athens Polytechnic passed through various parts of the city, including the US Embassy. Thousands of activists from the Communist Party of Greece (KKE), Communist Youth of Greece (KNE), Students Struggle Front (MAS), Federation of Greek Women (OGE), Hellenic Committee for International Detente and Peace (EEDYE), and All Workers Militant Front (PAME), among other groups, participated in the march denouncing imperialism, fascism and military dictatorship.

Delhi labour chowk workers get work for 15 days a month, 10% get grain on ration cards

By Bharat Dogra* It is around 10 in the morning and the number of workers at the Sigalpur labor chowk in Shalimar Bagh area of Delhi is increasing. As a worker Munna says: “The hope of getting any work is much lesser now due to pollution related ban on construction but still workers assemble here in the hope of getting at least some minor repair or other work.”

How adamant Bellsonika management is continuously robbing workers' livelihood

By Harsh Thakor* On September 27th, earlier this year, the Bellsonika Workers’ Union was stripped of legal status or registration. The Haryana government's labour department cancelled the registration of the Bellsonica workers' union over granting the membership to one of the 'contractual workers'. It was major breach on Constitutional Rights of workers, to enable the contract labour system to flourish, and tighten the noose on any form of workers resistance.

Day to remember hardship, sincere efforts of Dr Ambedkar for framing Constitution

By Dr Kapilendra Das The 26th of November, the day of an important landmark in India's journey as an Independent, Sovereign, socialist, secular, and Democratic, Republic is celebrated as National Constitution Day in India, also known as Samvidhan Divas. On this day the constituent Assembly adopted the constitution of India in 1949 to secure the Indian Citizen's justice, liberty, equality, and union which came into effect two months later, on January 26, 1950, and India became a Republic.

TERI researchers outline ways for robust, equitable and flexible outcome at COP28

By Sanya Hans Researchers at The Energy and Resources Institute (TERI) launched two crucial policy briefs ahead of the much anticipated 28th Conference of the Parties (COP28) scheduled from November 30 to December 12, 2023 at Dubai, UAE. Former climate negotiator, Ambassador Manjeev Singh Puri, a Distinguished Fellow at TERI emphasized, “Adaptation is an imperative and absolute must in present times for the Global South. COP28 needs to make the Global Goal on Adaptation (GGA) integral to climate commitments and action”. “Climate change demands that energy use must be sustainable; the development imperative of the Global South demands it to be inclusive, just and fair," Mr Puri added. Outcome on GGA will be a key determinant for the success of COP28 The policy brief titled ‘Road to Dubai and The Global Goal on Adaption’ reviewed the discussions around the GGA framework to provide perspectives on what could be a robust, equitable, and flexible outcome of the GGA process at CO

Raising temperature of frozen foods by 3 degrees from -18°C to -15°C can slash carbon emissions: Study

By Payel Sannigrahi Frozen food temperatures could be changed by just three degrees to save the carbon dioxide emissions of 3.8 million cars per year, research suggests.

Search This Blog