I.E.A. Climate Report Calls for End of New Oil and Gas Projects

Investment in new oil and natural gas projects must stop from today, and sales of gasoline- and diesel-powered vehicles must halt from 2035. These are some of the milestones that the International Energy Agency said Tuesday must be achieved for the global energy industry to achieve net-zero carbon emissions by 2050.

These conclusions seem surprisingly stark for the agency, a multilateral group whose main mandate is helping ensure energy security and stability. But it has increasingly embraced a role in combating climate change under its executive director, Fatih Birol.

Read more https://www.msn.com/en-us/money/markets/iea-climate-report-calls-for-end-of-new-oil-and-gas-projects/ar-BB1gRpCn

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