IEA Report Says ‘No New Fossil Projects’ To Reach Zero Emissions Target

  • Global oil demand to shrink by 75% under net-zero scenario
  • IEA still expects oil demand to recover from pandemic hit
  • OPEC market share would jump, revenues slide under net-zero shift

The International Energy Agency has said the world needs no new oil and gas developments and global oil demand would collapse by 75% under an energy scenario needed to put the world on a path to net-zero emissions by 2050, reports Platts.

Net Zero by 2050

Climate pledges by governments to date – even if fully...

https://mfame.guru/iea-report-says-no-new-fossil-projects-to-reach-zero-emissions-target/

Climate Change The Shift from Moral Obligation to Legislation

All (Climate) Change Please – the shift from the moral obligation to legislation, says an article on The Business Desk.

Regulation for climate change

The UK is leading an international response to climate change and the COP26 presidency will hopefully demonstrate what effective regulatory cooperation should look like. Through the international regulatory cooperation strategy, the UK government is going to look at what systematic changes can be made for a more global approach to regulation for...

https://mfame.guru/climate-change-the-shift-from-moral-obligation-to-legislation/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon