Rewiring America’s Post

Climate and Energy Summit: A Grand Coalition to Keep 1.5 ºC Within Reach International Energy Agency (IEA) 📆2nd October 2023 🕰️0800 BST , 0900 CET Teresa Ribera Vice-President of the Government of Spain, and Fatih Birol Executive Director of the International Energy Agency, will host an international Climate and Energy Summit in Madrid on 2 October 2023 focused on the urgency of accelerating the global clean energy transition. This important event, which takes place during the Spanish Presidency of the Council of the European Union, will bring together energy and climate ministers from around the world just weeks before the United Nations' #COP28 Climate Change Conference. The Summit seeks to build a broad international coalition that can increase momentum in order to meet the commitments of the #ParisAgreement – notably the goal of limiting global warming to 1.5 °C. To achieve this, according to the IEA, the world’s emissions need to peak before 2025 and then fall rapidly until they hit net zero by 2050 or earlier. This will require both a step change in ambition and unprecedented global cooperation. This event provides decision-makers with an opportunity to send a strong signal on our common future, to reiterate that the 1.5 °C goal is alive and achievable, and to take a firm line and strong message to the Global Stocktake process culminating at COP28 in late November. It will include a session with leaders from government, industry, finance and civil society in order to bring a range of voices to the conversation, following two events that gathered a range of stakeholders on 29 September. The opening session at 9:00 CEST will be livestreamed via the video link at the top of the page.

It's the "Beginning of the end" of fossil fuel era according to the International Energy Agency (IEA). While the claim could potentially be correct, what is unquestionable is that is not happening fast enough. The forecast downturn is still “nowhere near steep enough”. With record-breaking profits from the oil and gas sector, there are now more and more resources available for the oil industry to fight against climate actions. It's a never ending loop. This planet needs bolder policy makers, there is no #PlanetB. #sustainability #climateaction

Last week, at the UN’s Climate Ambition Summit, the U.S. was sidelined to the “time-out corner”. Why? Because of the country’s abysmal record as the world’s biggest oil and gas producer. POTUS, it’s time to get off the sidelines and #EndFossilFuels. 
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U.S. and China Agree to Displace Fossil Fuels by Ramping Up Renewables. The United States and China, the world’s two largest climate polluters, have agreed to jointly tackle global warming by ramping up wind, solar and other renewable energy with the goal of displacing fossil fuels. The announcement comes as President Biden prepares to meet Wednesday with President Xi Jinping of China for their first face-to-face discussion in a year. The climate agreement could emerge as a bright spot in talks that are likely to focus on sensitive topics including Taiwan, the... https://lnkd.in/eTK4xikX

New report sends a powerful message to the fossil fuel industry: The climate crisis is intensifying, and the energy transition is here. You (Big Oil and Gas) can help with the transition, as all hands on deck are needed. But make no mistake - the transition is happening and it cannot be stopped. It's more clear than ever before - no more fossil fuel projects can proceed if we want a livable planet. https://lnkd.in/dWrRddV5

♻️ Earlier than predicted, a peak in the fossil fuel era is approaching, says the International Energy Agency (IEA). This shift shows that clean and renewable energy systems are progressing, with climate change mitigation "making headway" but needs a more rapid and intensive effort to limit global warming. Solar and electric vehicle technology has made "spectacular growth", and Russia's invasion of Ukraine has sped up the gas transition. 👉 https://lnkd.in/eFz32Ei2 #GreenEnergy #SolarEnergy #ClimateAction #EVTechnology

'The International Energy Agency (IEA) has projected for the first time that fossil fuel consumption will peak before 2030 and fall into permanent decline as climate policies take effect. However, the forecast downturn is still “nowhere near steep enough” to put the world on a path to limiting temperature rises to 1.5C above pre-industrialised levels, which is considered crucial to avoiding a climate catastrophe.' https://lnkd.in/e69M9zER

The concerns over the role of “Big Oil” in climate actions are understandable. However, concerned parties must also understand that oil and gas companies are a critical piece of the climate puzzle. Oil companies have strong cash positions, global scale, and entrenched relationships with key stakeholders across the energy value chain. So, the active participation of oil companies could increase their accountability and channel their strengths toward climate action. Let me know your thoughts. #ClimateChange #ClimateAction #OilandGas #COP28 #Energy Sudhakarrao.com