Category: Greenwashing

Open Letter To EU Institutions On The IEA Net Zero Report And The Implications For Fossil Gas In The EU Climate Taxonomy

The publication of the International Energy Agency’s (IEA) Net Zero by 2050 Roadmap for the Global Energy Sector in May 2021 was a watershed moment for global climate action. The report maps out concrete milestones that need to be met to enable a 2050 world with net zero emissions and limit the global temperature rise to 1.5 °C.

The IEA report finds that in order to limit the global temperature increase to 1.5oC, we must ensure:

  • No investment in new fossil fuel supply beyond projects committed in 2021: As the Executive Director of the IEA stated: “there is no need for new oil, gas and coal development, which includes no need for oil and gas exploration investments.”

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