No need for countries to issue new oil, gas or coal licences, study finds

girlfreddy , 2 months ago

I wish Canada had paid attention to this.

autotldr Bot , 2 months ago

This is the best summary I could come up with:

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The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders.

If governments deliver the changes promised in order to keep the world from breaching its climate targets no new fossil fuel projects will be needed, researchers at University College London and the International Institute for Sustainable Development (IISD) said on Thursday.

The paper is expected to reignite criticism of the UK’s Conservative government, which has promised to offer hundreds of oil and gas exploration licenses to boost the North Sea industry, a policy that has emerged as a key dividing line with the opposition Labour party before the 4 July general election.

Dr Steve Pye, a co-author of the report from the UCL Energy Institute, said: “Importantly, our research establishes that there is a rigorous scientific basis for the proposed norm by showing that there is no need for new fossil fuel projects.”

“The clarity that this norm brings should help focus policy on targeting the required ambitious scaling of renewable and clean energy investment, whilst managing the decline of fossil fuel infrastructure in an equitable and just way,” Pye said.

Dr Fergus Green, from the department of political science at UCL, said: “Our research draws lessons from past shifts in global ethical norms, such as slavery and the testing of nuclear weapons.

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The original article contains 696 words, the summary contains 239 words. Saved 66%. I’m a bot and I’m open source!