Fossil Investment Could 'Fully Finance' Renewable Shift to 1.5°C
Redirecting $570 billion per year from planned oil and gas investments could "fully finance" wind and solar expansion to meet a 1.5°C target, showing that oil and gas development must be halted to keep global warming within safe limits, a new report concludes.
You might also be interested in
"Electrify, Baby, Electrify": In 2025, governments must choose a safer world
President Trump campaigned on the slogan “drill, baby, drill,” yet, the case for transitioning from fossil fuels to clean energy has never been stronger.
December 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.
November 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In October 2024, 20 oil and gas exploration licences were awarded across three countries, with a significant portion granted by Brazil.
COP 29 Must Deliver on Last Year’s Historic Energy Transition Pact
At COP 29 in Baku, countries must build on what was achieved at COP 28 and clarify what tripling renewables and transitioning away from fossil fuels means in practice.