Nearly 60% of the world's oil and gas reserves and 90% of the coal reserves need to stay in the ground by 2050 to meet climate goals of the Paris Climate Agreement. Those limits would give the world a 50-50 chance of limiting global warming to 1.5 degrees Celsius. Emissions from burning fuels for electricity, transportation and other uses are the chief driver of climate change.
European Commission President Ursula von der Leyen used her annual state of the union address to call on China and other nations to join the EU in its ambitious plans to combat climate change and to meet Paris Agreement targets.
When a cautious, science-based and largely apolitical group like the United Nations Intergovernmental Panel on Climate Change says the world must utterly transform its energy systems in the next decade or risk ecological and social disaster, attention must be paid.
Emissions reductions proposed in this latest study dramatically increase the amount of fossil fuels that would need to stay in the ground to meet Paris targets.