Russia's invasion of Ukraine and soaring gas prices have led to new greenhouse gas emitting projects, researchers say.
"There seems to be really a gold rush for new fossil fuel infrastructure," Professor Niklas Höhne of NewClimate Institute, a CAT partner, told BBC News.
Since the start of the war in Ukraine most Western countries have sought to reduce or completely stop buying Russian fossil fuels. Climate Action Tracker says new liquefied natural gas facilities are now proposed in Germany, Italy, Greece, the Netherlands and Canada. The US, Qatar, Egypt and Algeria have all signed deals to export LNG to different parts of the EU, while gas projects are being revived in west Africa."If all these plans materialise they will either end up as massive stranded assets or they'll lock the world into irreversible warming," the CAT report says.
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