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New fossil fuels 'incompatible' with 1.5C goal, comprehensive analysis finds

There is a "large consensus" across all published studies that developing new oil and gas fields is "incompatible" with the 1.5C target, a new report says. The findings, from the International Institute for Sustainable Development (IISD), are based on a comprehensive review of all "feasible" routes to staying below 1.5C.
IISD in the news October 26, 2022

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.
IISD in the news October 26, 2022

Why It's So Hard to Put a Price on Carbon

In the past decade, the phrase “put a price on carbon” has gathered steam around the globe. And carbon pricing has been hailed by scientists, economists, and business leaders as one of the most cost-effective tools to decarbonize economies. But the exact price—typically expressed in terms of value (e.g. dollars or other local currency) per metric ton of carbon dioxide equivalent—varies, depending on the jurisdiction, the policies in place, and the pricing instrument. In other words, this is not a one-price-fits-all situation.
IISD in the news October 25, 2022

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.
IISD in the news October 25, 2022

EU states 'revolt' against controversial energy treaty

Energy companies have been suing European governments for billions of euros to protect their fossil fuel investments in recent years via an obscure treaty adjudicated in secret arbitration courts. But that could be about to change.
IISD in the news October 25, 2022