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The sky’s the limit: Why the Paris climate goals require a managed decline of fossil fuel production

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Oil Change International

skys-the-limit

Oil Change International, in collaboration with 350.org, Amazon Watch, APMDD, AYCC, Bold Alliance, Christian Aid, Earthworks, Équiterre, Global Catholic Climate Movement, HOMEF, Indigenous Environmental Network, IndyAct and Rainforest Action Network.

September 2016

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A new study released by Oil Change International, in partnership with 14 organizations from around the world, scientifically grounds the growing movement to keep carbon in the ground by revealing the need to stop all new fossil fuel infrastructure and industry expansion. It focuses on the potential carbon emissions from developed reserves – where the wells are already drilled, the pits dug, and the pipelines, processing facilities, railways, and export terminals constructed.

Key Findings:

  • The potential carbon emissions from the oil, gas, and coal in the world’s currently operating fields and mines would take us beyond 2°C of warming.
  • The reserves in currently operating oil and gas fields alone, even with no coal, would take the world beyond 1.5°C.
  • With the necessary decline in production over the coming decades to meet climate goals, clean energy can be scaled up at a corresponding pace, expanding the total number of energy jobs.

Key Recommendations:

  • No new fossil fuel extraction or transportation infrastructure should be built, and governments should grant no new permits for them.
  • Some fields and mines – primarily in rich countries – should be closed before fully exploiting their resources, and financial support should be provided for non-carbon development in poorer countries.
  • This does not mean stopping using all fossil fuels overnight. Governments and companies should conduct a managed decline of the fossil fuel industry and ensure a just transition for the workers and communities that depend on it.

Click here to download the report.

Read article here……

 

 

 

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