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Averting Climate Crisis Means No New Oil or Gas Fields, IEA Says

May 18, 2021, 5:00 AM

The world has a choice -- stop developing new oil, gas and coal fields today or face a dangerous rise in global temperatures.

That’s the bold assessment from the International Energy Agency, the organization that has spent four decades working to secure oil supplies for industrialized nations. In its new road map for achieving net-zero global carbon emissions by 2050, the IEA laid out in stark terms what the planet must do to avoid harmful the climate change -- and just how far that is from our current reality.

Annual gains in energy efficiency must be three times faster over ...

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