Six months from Cop27, climate advisors warn talks must follow through on plans made in Glasgow to limit global heating to 1.5C
, but have accelerated a move that needed to be made in the long term to reach the target of net zero emissions by 2050.
This optimistic view depends on countries seizing the opportunities of renewables and ignoring the pleas of big oil, however. Fossil fuel companies have pledged to plough a proportion of their cash into clean energy, but many are. The Guardian has uncovered nearly 200 examples of new fossil fuel projects now under development that, if brought to fruition, would result in a billion tonnes of carbon dioxide emissions, or about 18 years of emissions at current levels.
Birol notes: “National security is now a very important driver, and this makes a very powerful combination, with the economic factors, in leading towards clean energy.” Countries must also understand that their vulnerability to energy shocks is inevitable as long as they rely on fossil fuels, even if the current crisis is resolved, says Christiana Figueres, the former UN climate chief who presided over the Paris agreement who is now a founding partner of the thinktank. “Fossil fuel prices will always be affected by geopolitical swings,” she says. “Some would have us think these events are black swans – improbable, hard-to-predict events. But this is not so.
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