Friday, December 20, 2024
Ditch new fossil fuel spending to reach net zero emissions - IEA- oil and gas 360

Ditch new fossil fuel spending to reach net zero emissions – IEA

Reuters LONDON – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of renewable energy technologies. A global climate pact agreed in 2015 to cap the rise in temperatures to as close as