fossil fuels

The sector must recognize coal is a dinosaur technology that needs to be pushed into extinction if we are to survive.

The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

Negotiators avoided a show-down over crunch issues like finance and increasing near term emissions cuts, but they are only delaying the inevitable. A clearer mandate from Heads of State and ministers is needed to ignite the talks and ensure key questions are answered.

Coal plants in the G7 are on track to cost the world $450 billion a year by the end of the century and reduce crops by millions of tons as they fuel the gathering pace of climate change.

People around the world are trapped in a ‘toxic triangle’ made up of short-term financial investors, timid governments and fossil fuel companies, which threatens to push up  global temperatures, putting 400 million people at risk of hunger and drought by 2060. 

The EU is facing an energy wake-up call as a food and fuel crisis looms. Political instability from Russia and Ukraine is combining with climate vulnerability in the EU’s key exporters.

Russia’s absence from the G7 summit is a stark warning to Europe that political turmoil on its doorstep risks an energy price crisis, at the same time as the effects of climate change on food imports could drive up costs.