Skip to main content

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

TRENDING

Sorry state of Indian academics: why was I thrown out of Delhi varsity interview room?

By Dr. Abhay Kumar*  The interview for the post of political science (Guest) was scheduled on Saturday afternoon, September 10, 2022. Given my previous experience, I was not willing to appear for it. But friends persuaded me to go and fight for our rights. I reached the college well before the time. When my turn came and I entered the room. The first question was asked about my experience. I said that I had taught for four semesters at NCWEB. I mentioned that I had taught ”Comparative politics”, “International Relations”, “Comparative Political Thoughts” and “Indian Government and Politics”. I said that as a teacher I had taught all the articles listed in the syllabus of the same Delhi University and the expert could ask anything about any reading or ideas. Friends, the first question asked by a female member, perhaps she is the principal of the college if I am not wrong, to give the full form of NCWEB! The second question asked by a male expert, perhaps he is the political science dep

Musician and follower of Dr Ambedkar? A top voilinist has this rare combination!

Some time back, a human rights defender, Vidya Bhushan Rawat, who frequently writes for Counterview, forwarded to me a video interview with Guru Prabhakar Dhakade, calling him one of India's well known violinists.  Dhakade is based in Nagpur and has devoted his life for the Hindustani classical music. A number of his disciples have now been part of Hindi cinema world in Mumbai, says Rawat. He has performed live in various parts of the country as well as abroad. What however attracted me was Dhakade's assertions in video about Dr BR Ambedkar, India's undisputed Dalit icon. Recorded several years back at his residence and music school in Nagpur, Dhakade not only speaks candidly about issues he faced, but that he is a believer in Dr Ambedkar's philosophy. It is in this context that Dhakade narrates his problems, even as stating that he is determined to achieve his goal. A violinist and a follower of Ambedkar? This was new to me. Rarely do musicians are found to take a

Tokens, symbols or incipient feminists? : First generation women sociologists in India

By IMPRI Team  The online event on the theme ‘Tokens, Symbols or Incipient Feminists? : The first Generation of Women Sociologists in India’ was held as an initiative of Gender Impact Studies Center (GISC), IMPRI Impact and Policy Research Institute, New Delhi under the #WebPolicyTalk series of The State of Gender Equality – #GenderGaps. Inaugurating the session, Zubiya Moin welcomed the speaker and participants to the program, followed by an introduction to the eminent panelists. Commencing the program, Prof Vibhuti Patel made her opening remarks welcoming Prof Kamla Ganesh, Feminist Sociologists and then greeted Prof Ratna Naidu and the editors of book ‘Reimaging Sociology in India: Feminist Perspective’, Dr Gita Chadha and Dr. Joseph M.T. along with Prof Arvinder Ansari and also welcomed all participants. She set up the stage by making us familiar with women sociologists and their works. Dr Gita Chadha, Editor of the book ‘Reimaging Sociology in India: Feminist Perspective’ After th

Omission of duty by BSF and police: Hindu forcefully kidnapped, taken to Bangladesh

Kirity Roy, Secretary, Banglar Manabadhikar Suraksha Mancha (MASUM), & National Convenor, Programme Against Custodial Torture & Impunity (PACTI) writes to the Chairman, National Human Rights Commission: *** I am writing this to focus on the life and situation of the poor and marginalized villagers living alongside the Indo-Bangladesh border of West Bengal. Through the several complaints we made throughout the years to your good office, it is now evident that the people of this border are living in an acute crisis, not only from a financial perspective but also in terrible distress. The people of the border are devoid of their basic rights and are subjected to immense torture, harassment and restrictions mostly enacted by the Border Security Force personnel, who are supposed to be posted at the international borders with intentions to protect the Indian citizenry. However, on the contrary, incidents of victimizing Indian citizens are being witnessed at large by the BSF. 130 Bhot

Tamil Nadu govt claiming to reform Hindu religion, temples. People deserve better

By NS Venkataraman  For the last several decades, there have been hate campaign against Hinduism in Tamil Nadu in a subtle or not so subtle manner. Initially, it was a hate campaign against brahmins and the brahmins were abused, insulted and physically attacked. Fearing such conditions, many brahmin families left Tamil Nadu to settle down in other states in India or have gone abroad. Now, the brahmin population in Tamil Nadu is at microscopic level, for which these hate campaigners against brahmins were responsible. Later on, emboldened by the scenario of scared brahmin families not resisting and running away, the hate campaigners started focusing on Hindus. For some years, when M.G.Ramachandran and Jayalalitha were the chief ministers of the state, the hate Hindu campaigners were not much heard, as both these chief ministers were staunch believers in Hindu philosophy and have been offering prayers in temples in full public view. However, in the last eighteen months in

Emerging dimensions of India’s foreign policy in the context of global politics

By IMPRI Team  The three-day course took place recently, providing participants with an understanding of the development of Indian foreign policy, the complexity of geopolitics, and its flexibility to adjust to and even shape global outcomes. Many distinguished academics, senior scholars, former Indian diplomats, and journalists who are skilled observers and commentators of India’s foreign policy will serve as instructors for this course. Day 1 The three-day immersive online certificate training on “Emerging Dimensions of India’s Foreign Policy and Global Politics”, an initiative by the Center for International Relations and Strategic Studies (CIRSS) at IMPRI Impact and Policy Research Institute (IMPRI), began on July 14th, 2022 at 5:00 PM (IST) on Zoom platform. Dr Souravie Ghimiray served as the emcee throughout the 3 days of the event and welcomed the distinguished speakers of Day 1. The esteemed panel on Day 1 consisted of, Dr Soumita Basu, Associate Professor, Department of Intern

Demographic parameters of India@75: resource allocation, political representation

By IMPRI Team  As per UN Population Prospects 2022, India is going to be the most populous country in the world. In this regard, IMPRI Impact and Policy Research Institute, New Delhi with #IMPRI Center for Human Dignity and Development (CHDD) , organized a panel discussion, #WebPolicyTalk, as part of the series The State of Population Development- #PopulationAnd Development on India@75: Most Populous Country? The moderator of the event was Mr Devender Singh, Global Studies Programme, University of Freiburg and a Visiting Senior Fellow at IMPRI. The panellists for the event were Prof P.M Kulkarni, Demographer, Retired Professor of Population Studies, Jawaharlal Nehru University(JNU) , New Delhi; Dr U.V Somayajulu, Co-Founder, CEO and Executive Director, Sigma Research and Consulting ; Dr Sonia George, General Secretary, Self Employed Women’s Association (SEWA), Kerala; Prof K.S James, Director and Senior Professor, International Institute for Population Sciences (IIPS), Mumbai. Th

Bhagawat Gita shows the way for the attitude to life and desirable goal of life

By NS Venkataraman*  When a mother delivers a human body, this body has no identity. Then, parents, relatives, friends consult each other and discuss the alternate appropriate names and arrive at a suitable name for this human body and this body is known and identified by this name. This human body, which steadily grow just like animals, plants and others and after experiencing the pleasures and pains of worldly life alternately for several years, perish one day, for the body to be burnt or buried. This body, bearing a name as it’s identity, comes in to the world and goes away from the world and the name that is the identity for the body also goes away along with the body. This is the scenario for several thousands of years that have gone by. The question: One question that does not seem to be still “convincingly explained” in a way that will appeal to the brain in the human body, is as to whether this human body only consists of flesh, bone and blood with well

Trying to tell a rooted story: Decolonial imagery, Brahmastra and Pushpa’s Srivalli

By Gautam Bisht*  I recently watched Brahmastra and I feel the film is a nice illustration of the disastrous turn good intentions may take. The film is trying to tell a rooted story, about ‘astras’ using high quality VFX (whatever that is) but comes across as cringe. With no dearth of awkward moments in the film, my personal favorite are scenes where Shiva is touching the feet of his elders. The film just manages to make regular everyday actions look bizarre and alien. It’s the kind of film that can make even right-wing people feel disappointed in tradition. One way to explain this, is the paradox of decoloniality. If you don't know what decoloniality is, it may just mean that you are doing some interesting stuff in life. But as someone interested in social science, I have to work with such concepts. Simply put, decoloniality cannot be explained simply. One has to go through some dense and convoluted spaces to get there. It’s like scoring weed for the first time in Delhi. You would

Not my burden of shame: Malaysia's apathy in tackling problem of sexual harassment

By Jeswan Kaur*  "There was no such thing as child abuse. Parents owned their children. They could do whatever they wanted." -- actress Ellen Burstyn Condemning, judging and humiliating - it this the very nature of people in general or is this what Malaysians are best known for? When a 15-year-old actress recently made a damning revelation that she was molested as a child by her perverted father, support was far from coming. Instead, many name shamed Puteri Nuraaina Balqis, calling her "stupid" and rebuking her for seeking cheap publicity by insulting her father. They "advised" her to pray more, "be thankful to her father for bringing her into this world and remember that she would be given something by Allah for insulting her father." Would any of those who condemned Puteri Balqis "enjoy" being molested, raped or sexually harassed? Would they fancy calling their house a sanctuary when safety was no where in sight? Do these insensitive