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EU Scientists and Politicians Clash Over Gas and Nuclear as ‘Sustainable’ Investments

DeSmogBlog

In January 2021, representatives from the clean energy sector sent a joint letter welcoming the criteria recommended by the TEG and stating that “the inclusion of power generation with a carbon intensity above this limit would not only deviate from science, but would also harm the EU’s decarbonisation trajectory and its 2050 net-zero objectives.”.

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The Future(s) of Fossil Fuels - 2020

Mr. Sustainability

A sudden collapse of the industry - called a carbon crunch - could lead to economic disaster of epic proportions. Carbon Tracker states that the world is “witnessing the decline and fall of the fossil fuel system”. According to McKinsey , oil and gas will remain a multi-trillion-dollar market for decades under most scenarios.