environment
New global panel aims to accelerate move away from fossil fuels
Scientists and economists will help countries develop plans to reduce dependence on oil, gas and coal
TL;DR
- A new global panel of experts has been launched to provide scientific input for countries transitioning away from fossil fuels.
- The panel will offer advice on managing the risks of high oil prices, geopolitical conflict, and extreme weather damage.
- The initiative was announced at a climate action meeting in Santa Marta, Colombia.
- Colombia presented a draft roadmap for its national energy transition, aiming for a 90% reduction in fossil fuel use by 2050.
- The panel includes experts in climate, economics, and technology, chaired by Vera Songwe, Ottmar Edenhofer, and Gilberto M Jannuzzi.
- The panel's formation follows calls for roadmaps to accelerate the transition away from fossil fuels and deforestation.
- The roadmap for Colombia estimates direct economic benefits of $280 billion over 24 years from reducing fossil fuel use.