In advance of French President Macron’s climate and finance summit, we call for an immediate end to investments in new fossil fuel production and infrastructure, and encourage a dramatic increase in investments in renewable energy
- ENFRWC
We the undersigned, call for an immediate end to investments in
new fossil fuel production and infrastructure, and encourage a dramatic
increase in investments in renewable energy
We
are issuing this call to action in the lead up to the climate summit hosted by
President Macron in Paris this December. President Macron and
other world leaders, have already spoken out about the need for an increase in
finance for climate solutions, but they have remained largely silent about the
other, dirtier side of the equation: the ongoing finance of new coal, oil and
gas production and infrastructure
Ongoing
global climate change and environmental destructions are happening at an
unprecedented scale, and it will take unprecedented actions to limit the worst
consequences of our dependence on oil, coal, and gas.
Equally
as critical as drastically curbing the carbon intensity of our economic systems
is the need for immediate and ambitious actions to stop exploration and
expansion of fossil fuel projects and manage the decline of existing production
in line with what is necessary to achieve the Paris climate goals
Research
shows that the carbon embedded in existing fossil fuel production will take us
far beyond safe climate limits. Thus, not only are new
exploration and new production incompatible with limiting global warming to
well below 2ºC (and as close to 1.5ºC as possible), but many existing projects
will need to be phased-out faster than their natural decline. Simply put: there
is no more room for new fossil fuel infrastructure and therefore no case for
ongoing investment.
It
is time for the community of global economic actors to fully embrace, safe, and
renewable energies and phase out fossil fuels. This letter affirms that
it is the urgent responsibility and moral obligation of public and private
investors and development institutions to lead in putting an end to fossil fuel
development
A
global transition to a low carbon future is already well underway and we
recognize that a full transition away from fossil fuels is an opportunity for a
new economic paradigm of prosperity and equity. Continued expansion of oil,
coal, and gas is only serving to hinder the inevitable transition while at the
same time exacerbating conflicts, fuelling corruption, threatening biodiversity,
clean water and air, and infringing on the rights of Indigenous Peoples and
vulnerable countries and communities
Energy
access and demand can and must now be met fully through the renewable energies
of the 21st century. Assertions that new fossil fuels, such the current push
for gas, are needed for this transformation are not only inaccurate; they also
undermine the speed and penetration of renewable energy.
The
global investment community has the power to create the conditions under which
this shift is possible. Current and future investments in fossil fuel
production are at odds with a safe and equitable transition away from ever
stronger climate disasters
Global investor and international development actors and
institutions must recognize that continued investments in fossil fuel
production supply-side is irreconcilable with meaningful climate action. Instead,
let us all prioritize the tremendous investment opportunities for a 100%
renewable future that support healthy economies while protecting workers,
communities, and the ecological limits of a finite planet
في قمة المناخ والمال للرئيس الفرنسي ماكرون، ندعو إلى
وضع حد فوري للاستثمارات في إنتاج الوقود الأحفوري والبنية التحتية الجديدة لها، و
نطلب تشجيع زيادة كبيرة في الاستثمارات في مجال الطاقة المتجددة
نصدر هذه الدعوة إلى العمل
في الفترة التي سبقت انعقاد مؤتمر قمة المناخ الذي استضافه الرئيس ماكرون في باريس
في كانون الأول / ديسمبر.
تبين البحوث أن الكربون المتضمن في إنتاج الوقود
الأحفوري الحالي سوف يتجاوز حدود المناخ الآمنة
آن الأوان مجتمع صناع الاقتصاد الدولي أن يحتضن بالكامل
طاقات آمنة وآمنة ومتجددة وأن يزيل تدريجيا الوقود الأحفوري. وتؤكد هذه الرسالة أن
المسؤولية الملحة والالتزام الأخلاقي للمستثمرين من القطاعين العام والخاص
والمؤسسات الإنمائية مسؤول عن وضع حد لتنمية الوقود الأحفوري
يجب على المستثمر العالمي والجهات الفاعلة والمؤسسات
الإنمائية الدولية أن تدرك أن استمرار الاستثمارات في إمدادات إمدادات الوقود
الأحفوري أمر لا يمكن التوفيق بينه وبين إجراءات مناخية مجدية. وبدلا من ذلك،
دعونا جميعا نعطي الأولوية لفرص الاستثمار الهائلة لمستقبل طاقة متجددة بنسبة 100٪
يدعم الاقتصادات السليمة مع حماية العمال والمجتمعات المحلية والحدود الإيكولوجية
لكوكب محدود
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