Investors in fossil fuel firms given CO2 warning
The majority of fossil fuel reserves cannot be burned if we are to limit global temperature rises to 2°C, warns a new report from Carbon Tracker and the Grantham Research Institute on Climate Change and the EnvironmentAccording to the analysis, only a fraction of the 2,860Gt of carbon embedded in fossil fuel reserves already identified can be burned if we are to avoid a rise in global temperatures of more than 2°C
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The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).