fossil fuels

Responding to the publication today of the IPCC’s Working Group III report on climate change mitigation, Oxfam’s Climate Policy Lead Nafkote Dabi said: “This IPCC report pulls no punches. It’s not about taking our foot off the accelerator anymore —it’s about slamming on the brakes. A warming planet is humanity’s biggest emergency."
 

Using land alone to remove the world’s carbon emissions to achieve ‘net zero’ by 2050 would require at least 1.6 billion hectares of new forests, equivalent to five times the size of India or more than all the farmland on the planet, reveals a new Oxfam report today.

Bangladesh is one of the world’s most climate-vulnerable countries, yet at the same time it has demonstrated climate leadership. This briefing note examines how appropriate lending by international financial institutions can help Bangladesh to blaze a new sustainable development pathway.

The new Asian Infrastructure Investment Bank (AIIB) will be a major new funder of infrastructure in developing Asia. This report sets out a vision for an AIIB partnership with the region’s most climate-vulnerable countries that could forge a new path of economic development.

The sector must recognize coal is a dinosaur technology that needs to be pushed into extinction if we are to survive.

The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

Negotiators avoided a show-down over crunch issues like finance and increasing near term emissions cuts, but they are only delaying the inevitable. A clearer mandate from Heads of State and ministers is needed to ignite the talks and ensure key questions are answered.

Coal plants in the G7 are on track to cost the world $450 billion a year by the end of the century and reduce crops by millions of tons as they fuel the gathering pace of climate change.