Coal news and updates

Australian politicians and companies are being urged to abandon plans for new coal power, gas and oil investments after a major report by the world’s leading energy agency found fossil fuel expansion must end now if the planet is to address the climate crisis.

 

The International Energy Agency (IEA) found a “narrow and extremely challenging” pathway to net-zero greenhouse gas emissions by 2050 – a target set by more than 100 countries, and which the Morrison government says it would “preferably” like to achieve – would require advanced economies such as Australia to have a zero-emissions electricity grid by 2035.

 

It suggested wealthy countries should phase out coal-fired power plants by the end of the decade, the sale of new petrol and diesel cars should be banned by 2035 and global investment in clean energy should more than double to US$5tn (A$6.4tn) a year by 2030.

 

Its executive director, Fatih Birol said the transition to a clean future would be a net benefit to the economy, not an economic burden as regularly framed in political debate.

 

Source : https://www.theguardian.com/australia-news