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The International Energy Agency Shocks the Financial World with 'A Roadmap for the Global Energy Sector'
May 2021
GIF
End new oil, gas and coal funding to reach net zero, says IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) announced today (May 18, 2021), in the top global watchdog's starkest warning yet to curb fossil fuels.
"The pathway to net zero is narrow but still achievable. If we want to reach net zero by 2050 we do not need any more investments in new oil, gas and coal projects."
No place for new fossil fuels if world is to reach net zero by 2050, says landmark report
Roadmap comes just months before UK hosts major global climate summit
Via The Independent
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