Carbon Tracker news [April 2, 2019]

Carbon Tracker news [April 2, 2019]

Carbon Tracker news [April 2, 2019]

Key excerpts of a joint letter are provided below which was signed by a group of 60 investors, academics, business and faith leaders and NGOs (including Carbon Tracker) and sent to Fatih Birol and the International Energy Agency (IEA) governing council chair;
1) Make clear that the ‘New Policies Scenario (NPS)’ is a business as usual scenario that charts a dangerous course to a world with between 2.7ºC and 3ºC of warming. …..
2 ) Develop an updated, fully transparent, ‘Sustainable Development Scenario’’ (SDS) to reflect the full range of ambition of the Paris goals and make this the central reference of the WEO . This scenario should include a reasonable probability (66%) of limiting warming to 1.5ºC; a longer time horizon (beyond 2040); and a precautionary approach to negative emissions technologies. ……
Read more ….