Spending on new oil and gas projects must stop now, IEA says
New York — The world has a choice: stop developing new oil, gas and coal fields today or face a dangerous rise in global temperatures.
That is the bold assessment from the International Energy Agency (IEA), the organisation that has spent four decades working to secure oil supplies for industrialised nations. In its new road map for achieving net-zero global carbon emissions by 2050, the IEA laid out in stark terms what the planet must do to avoid harmful climate change — and just how far that is from our current reality...
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