Despite warmest decade on record, we still act like “addicts blowing our carbon budget”
We’re blowing through our carbon budget the way an addict blows through cash. At a time when carbon dioxide pollution is higher than it’s ever been.
Read the latest insights and analysis from the experts at Oil Change International.
We’re blowing through our carbon budget the way an addict blows through cash. At a time when carbon dioxide pollution is higher than it’s ever been.
António Guterres, the Secretary-General of the United Nations, opened this year's climate change talks with a rousing speech, stating: “Do we really want to be remembered as the generation that buried its head in the sand, that fiddled while the planet burned?”
According to UNEP, collective ambition must increase more than fivefold over current levels to deliver the cuts needed over the next decade for the 1.5°C goal, or put another way, global greenhouse gas emissions need to fall by 7.6 per cent each year between 2020 and 2030.
"There is no sign of a slowdown, let alone a decline, in greenhouse gases concentration in the atmosphere despite all the commitments under the Paris Agreement on Climate Change".
Try as he might, Trump cannot stop the slow death march of coal towards the history books, in the US, at least. We are shutting down the fossil fuel industry, one coal plant at a time.
Yesterday, in excess of 100 people held a sit-in in the office of Governor Brown of Oregon, demanding she oppose the controversial Jordan Cove LNG plant. They sang “No LNG” and “Governor Brown, do your job”.
The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
Four days in the Permian Basin is enough. It’s overwhelming in every way. It’s overwhelming the carrying capacity of the land. It’s overwhelming the community. And as Permian oil, gas, and toxic gas liquids flood global markets, it’s overwhelming our climate.
Yesterday, the EIB announced it will end financing for fossil fuel energy projects from the end of 2021.
In case you missed it, yesterday the International Energy Agency released its hallmark report, World Energy Outlook (WEO) 2019. If the resultant press coverage and social media traffic was any indication, there are growing concerns over the inadequacy of the WEO.