New study warns to reach net-zero emissions by 2050, abandon 'developed reserves' of fossil fuels
A new study confirmed that in order to reach net-zero greenhouse gas emissions by 2050, there should not only be no new development of oil and gas fields or coal mines, but also abandonment of 40 percent of "developed reserves" of fossil fuels.
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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.
October 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In September 2024, a total of 19 oil and gas exploration licences were awarded across eight countries, with a concerning estimated volume of embodied emissions reaching 147.1 million metric tons of CO2.