Given the urgency of the climate crisis and emissions reductions needed in the near term, there is no time to waste on distractions that serve to prolong the lifetime of fossil fuels: CCS is not a viable solution for decarbonising the electricity sector, where it remains much more expensive than renewable energy and storage. [...] Governments need to put the following measures in places, at a minimum, to phase out oil and gas production as part of a clear vision for a managed and just transition: Immediately end new oil and gas exploration and production. [...] Major oil and gas producers from the most advanced economies, such as the US, Norway, Australia and the UK, need to lead the phaseout and immediately end new licenses to oil and gas projects. [...] While coal is its largest fossil fuel export (see graph), in the midst of a worldwide effort to curtail the production and consumption of fossil fuels, Australia has projected an 11% increase in LNG producti1o4n .2 cm between 2020 and 2030, with the aim of exporting 88 Mt annually by the end of the decade (Government of Australia, 2022), which manufacture and combustion wouldC cAaTu soev eermalils. [...] The UK: after a promising start of a process around a smart and secure energy system and storage deployment, the government seems to have dropped the ball and it remains unclear where the responsibilities lie to pick up the topic.
Authors
- Pages
- 28
- Published in
- Germany
