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ETC urges swift decline in fossil fuel use
The Business Guardian
|November 17, 2023
A recent report from the Energy Transitions Commission (ETC) underscores the urgent need for a significant reduction in fossil fuel usage to meet the goals outlined in the COP21 Paris Agreement.
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Titled "Fossil Fuels in Transition: Committing to the phase-down of all fossil fuels," the report emphasizes the necessity of cutting down coal, oil, and gas usage by a substantial margin before 2050, advocating for immediate action to initiate this reduction.
According to the report, curbing fossil fuel-related emissions is critical to limit global warming effectively. Failure to achieve net-zero emissions from fossil fuels by mid-century will significantly impede the objectives set in the Paris Agreement. Therefore, the upcoming COP28 is urged to secure global consensus on the rapid decline of both the demand for and supply of fossil fuels.
This story is from the November 17, 2023 edition of The Business Guardian.
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