IPCC: $1-4 trillion fossil assets at ris • Table.Briefings

As the world frantically pushes for new investments in oil and gas supplies, the Intergovernmental Panel on Climate Change warns in its new report that investments are stranded. The 1.5-degree target would require greenhouse gas emissions to be nearly halved by 2030.

Time and again, climate activists had warned of a setback for global decarbonization since the Russian incursion began. With all the announcements for new gas drilling, LNG terminals, and the return of major oil suppliers, climate goals would become a distant prospect. Now yesterday, the Intergovernmental Panel on Climate Change (IPCC) presented its crucial new partial report on mitigation scenarios for greenhouse gases.

IPCC: $1-4 trillion fossil assets at risk

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