Thread by @CA_Latest

NEW report: Many gov's and companies present fossil gas as a "bridging fuel" on the way to a renewables based electricity sector.

We've tested this claim: to limit #globalwarming to 1.5°C, fossil gas must exit the global power system by 2040, very soon after #coal.

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Globally, fossil gas electricity generation should start declining immediately, falling to just 15% of total  electricity generation by 2030 & 10% by 2035.

Rich countries must move first.

Developing countries will need support to shift to renewable energy systems at pace. 2/6

The report phase-out dates are averages at the regional level. Meaning, it can be earlier if a country already has little or no gas in the electricity system. For those countries highly reliant on fossil gas power generation, the phase-out has to be a little later.

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Fossil gas is phased out at most 5-10 years after coal in both developed and developing economies.

Given the dramatic plummet in the cost of renewable energy, investing in new fossil gas power generation carries the risk of creating stranded assets. 

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The findings are based on 1.5°C emissions pathways assessed by the Intergovernmental Panel on Climate Change #IPCC, which are designed to show the most cost-effective way to limit warming to 1.5°C.

Download full report 👇

climateanalytics.org/publications/2…

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Press release climateanalytics.org/latest/fossil-… 

Tune in for our presser at the Bonn Climate Change Conference #SB56👇

unfccc.int/event/climate-…

(Recording available on demand)

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