Stop New Oil Investments to Hit Net-Zero Emissions, IEA Says

have signaled their intention to reduce their dependence on fossil fuels and invest more in lower-carbon energy.Mikael Sjoberg/Bloomberg News

However, the IEA’s suggestions go far beyond what any of those companies have pledged so far, with many still dependent on income from oil and natural gas to fund their transition plans.Of the world’s oil-producing countries, only Denmark—a small producer by global standards—has said it, with similar moves by the likes of France and New Zealand seen more as symbolic gestures.

The IEA said that if global oil and gas supply shrinks in line with its road map, the Organization of the Petroleum Exporting Countries—the cartel that currently controls more than a third of global supply—would by 2050 control more than half of the world’s oil supply.What steps need to be taken to reach the global goal of net-zero carbon emissions by 2050? Join the conversation below.

The IEA’s call to end sales of combustion-engine cars by the middle of the next decade also goes beyond the stated policies of many developed countries, though the U.K. recently brought forward its plans to phase out the sale of new gasoline and diesel-powered cars to 2030., they represented just 4.6% of the vehicles sold in 2020, the IEA said.

Meanwhile, the IEA said investment in the global energy sector will need to more than double to $5 trillion by 2030 from its current level of $2 trillion to guarantee a reliable and economic supply of low-carbon energy.

They can screw off, problem solved

That’s a NO!!!

How do you spell long gas lines?

Pipe dream! Give up your fantasy game!

Thanks, Pravda. Neat story.

支持减排，但反对一刀切式关停。中国政府说的很对，共同但有区别的减排责任。

How are we gonna fly jumbo jets between now and then. Just wondering

Agreed but until Nuclear is embraced nothing will change. Solar is particularly problematic, being produced with the help of coal and generating mountains of carcinogenic waste.

You do realize that humans emit carbon... right?

oh and quit cutting down the amazon rain forest

What heck is a iea?

Not possible for developing countries.

Let's start with China, who emits more than the next 20 countries combined

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Protect the oceans! Thread:

good luck

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