Abandonment Issues: No new oil, gas or coal development if world is to reach net zero by 2050, says IEA

In light of the recent IEA-International Energy Agency announcement to abandon fossil fuels by 2035, the following press release from EMAP, publisher of PTQ & Digital Refining, is worthy of our attention.

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In response to feedback from organisations across the industry, EMAP, publisher of PTQ & Digital Refining, is launching Decarbonisation Technology, which will focus on the strategies, legislation and technologies powering the transition to sustainable fuels and energy.
Decarbonisation Technology will explore the global deployment of technologies, whether mature, at early adoption, under demonstration or still a prototype, together with the growth of supporting infrastructure and the latest policies and proposed legislation.
Our new multi-platform media brand will include a website, digital magazine, online Q&A, and weekly newsletter, and will become a popular forum for conversation between governments, policy makers, energy companies and technology providers. This will be followed up with a series of conferences worldwide.
Each digital issue will feature an executive viewpoint focusing on ‘Towards 2030: roadmap to sustainability’, a Q&A section discussing transition strategies, and a Sustainable Technologies section, which will highlight new decarbonisation technologies.
The first issue, to be published in August 2021, will examine:
   Reducing CO2 emissions
   Carbon capture, utilisation and storage
   Hydrogen’s role in the energy transition
   Marine and aviation fuels
   Catalysts and adsorbents in the energy transition
   Digital technologies: a key enabler to low-carbon fuels and energy
   Improving energy efficiency
If you would like to contribute editorially, please send your suggestions to editor@decarbonisationtechnology.com
If you have any questions or would like to discuss advertising, contact
Paul Mason: info@decarbonisationtechnology.com - Mobile: +44 7841 699 431
Register FREE of charge for the launch issue!
Copyright © 2021. All Rights Reserved. Crambeth Allen Publishing Ltd, publisher of PTQ, DigitalRefining and Decarbonisation Technology
If you have any questions or would like to discuss advertising, contact
Paul Mason: info@decarbonisationtechnology.com – Mobile: +44 7841 699 431
https://decarbonisationtechnology.com/
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For context, you might be interested in the following Guardian article, describing recommendations to the world community from the International Energy Agency (IEA).

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The Guardian, Tue 18 May 2021
No new oil, gas or coal development if world is to reach net zero by 2050, says world energy body
Governments must close gap between net zero rhetoric and reality, says International Energy Agency head
Fiona Harvey, Environment correspondent

Exploitation and development of new oil and gas fields must stop this year and no new coal-fired power stations can be built if the world is to stay within safe limits of global heating and meet the goal of net zero emissions by 2050, the world’s leading energy organisation has said.

In its strongest warning yet on the need to drastically scale back fossil fuels, the International Energy Agency (IEA) also called for no new fossil-fuel cars to be sold beyond 2035, and for global investment in energy to more than double from $2tn (£1.42tn) a year to $5tn (£3.54tn) The result would not be an economic burden, as some have claimed, but a net benefit to the economy.

Fatih Birol, the IEA’s executive director and one of the world’s foremost energy economists, told the Guardian: “If governments are serious about the climate crisis, there can be no new investments in oil, gas and coal, from now – from this year.”

He said strong new policies were needed from governments around the world: “More and more countries are coming up with net zero commitments, which is very good, but I see a huge and growing gap between the rhetoric [from governments] and the reality.”

The IEA has released its most comprehensive report yet into what is needed to achieve the world’s climate goals, the implications of which will be felt around the world. Few governments intend to halt fossil-fuel exploration. The UK is licensing new oil and gas fields in the North Sea, China is building coal-fired power plants, and oil companies are still investing in new output.
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Read the entire article at:
https://www.theguardian.com/environment/2021/may/18/no-new-investment-in-fossil-fuels-demands-top-energy-economist
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And, for the truly diligent, here is the source for the IEA report described in the Guardian article above …

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Net Zero by 2050: A Roadmap for the Global Energy Sector
Flagship report — May 2021
Download the full report at: https://www.iea.org/reports/net-zero-by-2050
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