Ditch new fossil fuel spending to reach net zero emissions - IEA ...Middle East

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Ditch new fossil fuel spending to reach net zero emissions - IEA
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Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of renewable energy technologies. A global climate pact agreed in 2015 to cap the rise in temperatures to as close as possible to 1.5 degrees Celsius to avoid the most devastating impacts of climate change, which requires achieving net zero greenhouse gas emissions by 2050.

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