"The International Energy Agency (IEA) last month made global headlines when it
declared there is no room for new fossil fuel investment if we’re to avoid
catastrophic climate change.
However, our new research suggests the horse may have already bolted. We found
even if no new fossil fuel projects were approved anywhere in the world, carbon
emissions set to be released from existing projects will still push global
warming over the dangerous 1.5℃ threshold.
Specifically, even with no new fossil fuel expansion, global emissions would be
22% too high to stay within 1.5℃ by 2025, and 66% too high by 2030.
However, keeping global warming under 1.5℃ is still achievable with rapid
deployment of renewables. Our research found solar and wind can supply the
world’s energy demand more than 50 times over."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics