New oil and gas fields "incompatible" with limiting warming to 1.5°C
The world has been warned that there is no room for new sources of fossil fuels if it wants to limit warming to 1.5°C, with a need to focus on boosting wind and solar capacity instead. The warning came in the International Institute for Sustainable Development’s (IISD) analysis of different climate and energy scenarios across the full body of global modelled pathways, including those from the Intergovernmental Panel on Climate Change (IPCC), International Energy Agency (IEA) and International Renewable Energy Agency (IRENA), as well as the private sector. It concluded that developing any new oil and gas fields is “incompatible” with limiting warming to 1.5°C and that there is no room for new fossil import infrastructure in Europe under 1.5°C-aligned gas phase-out pathways.
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