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The International Energy Agency released its annual flagship publication yesterday, the World Energy Outlook. The IEA made an historic statement in the executive summary.
It said, “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal,” the internationally recognized limit to average global warming in order to prevent catastrophic climate change.
Let me rephrase that. Over two-thirds of today’s proven reserves of fossil fuels need to still be in the ground in 2050 in order to prevent catastrophic levels of climate change. READMOREHERE