Paris Accord - 2 years on: Consensus Forecasts of the Impact of Long Term Oil & Gas Demand [GGP]

The Paris Accord, reached at COP21 in 2015, groups of all the countries in the world in the aim of avoiding dangerous climate change, mobilising climate finance and improving resilience. Despite the US's announced withdrawal, targets are likely to be toughened at each five-year interval. Progress since then has been real but limited, with emissions continuing to rise and most countries' pledges insufficient. To reach the aspiration of limited temperature increases to no more than 1.5 degrees C, sharp drops in coal, oil and gas combustion are required by 2030, although different scenarios yield widely-varying trajectories. Major oil and gas exporters need a multi-pronged strategy to protect their economies by cutting emissions at home; building diplomatic coalitions; and developing and deploying low-carbon fossil fuel technologies.

DOWNLOAD the full report, Paris Accord - 2 years on: Consensus Forecasts of the Impact of Long Term Oil & Gas Demand, from the Al-Attiyah Foundation Research Series. 

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