Fossil fuels: The planet does not need new mining permits

Global planning for production projects fossil fuels It is enough to meet the energy needs of the planet until 2050. Therefore, governments should stop issuing new licenses. oil, natural gas and coal.

This points to a wide-ranging study of political leaders by University College London and the International Institute for Sustainable Development (IISD). According to him, if governments make the changes they have promised to prevent violations of their climate targets, there will be no need for new fossil fuel projects because there is no threat of global sufficiency.

According to the researchers watchman note that they provide a “strong scientific basis” for governments around the world to ban new fossil fuel projects and begin deliberately phasing out the fossil fuel industry while promoting clean energy alternatives

By creating “clear and direct demand,” political leaders will be able to “set a new norm for the future of fossil fuels that the industry can be directly responsible for,” according to the researchers.

The study, published in the journal Science, analyzed projections of the evolution of global demand for oil and natural gas, as well as coal and natural gas-fired electricity, using a wide range of scenarios developed for the UN Intergovernmental Panel on Climate Change. Climate Change limiting global temperatures to 1.5 degrees Celsius above pre-industrial levels.

He found that in addition to no need for new fossil fuel production, there is no need for new coal and gas-fired electricity generation in a net-zero future.

Study co-author Dr Steve Pye, from UCL’s Institute of Energy, said: “Importantly, our study shows that there is a strong scientific basis for the proposed rule and suggests that no new fossil fuel projects are needed.”

“The clarity brought by this rule should help guide the ambitious scale of investment in renewables and clean energy that is required, while managing the decline of fossil fuel infrastructure in a fair and equitable manner,” he said.

The report detailed the work of the International Energy Agency (IEA), which warned in recent years that no new fossil fuel projects would meet the global goal of a net-zero energy system.

The IEA ruled out any new investment in long-term fossil fuel projects, but acknowledged that continued investment in existing oil and gas infrastructure and already approved projects would be required.

Dr Fergus Green of UCL’s political science department noted, among other things, that “no new fossil fuel projects” is a clear and direct demand against which all existing governments and the fossil fuel industry can be directly judged.”

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