Research

Data from the lEA's Global Methane Tracker suggests that the fossil fuel industry's voluntary initiatives to reduce methane emissions are failing.

Funding Failure: Japan's  $5.2 Billion Carbon Capture Plan to Derail Asia's Energy Transition

Rich country leaders can unlock $6.6 trillion (USD) per year in public funding to pay their fair share for climate action at home and abroad. By ending fossil fuel handouts, making big polluters pay, and taxing the super rich, governments can raise the public money needed for a global just transition to renewables and other urgent needs from healthcare to housing.

The UP FOR GRABS factsheet shows exactly how the United Kingdom can raise the public funds needed to pay for a fair and orderly transition of North Sea oil and gas workers as part of the green energy transition. The government could mobilise GBP 6.7 billion per year through a series of readily available measures that could fund an emergency package of support for North Sea workers. 

Big oil and gas companies’ voluntary “Decarbonization Charter,” launched at COP28, is a dangerous distraction from the urgent need to rapidly phase out fossil fuels. New data shows Charter members have approved massive oil and gas expansion plans since signing on.

Despite the abundant evidence of carbon capture and fossil hydrogen's failures, the US subsidizes them to the tune of $12 billion - more than any other country.

Prime Minister Keir Stamer paints a bleak picture of the economic situation in the UK, announcing worsening economic and social pressures. The thing is, there is money. It is just being spent on the wrong things. The UK has already spent or committed nearly £500 million on CCS projects since 2010. £168 million of this was spent between 2012 and 2016 on two projects (Peterhead and White Rose) that failed to get off the ground. Policies announced since 2020 have made available £25.26 billion for CCS and hydrogen projects. Only a fraction of this has been committed to date. This is enough to fund the total 2023 winter fuel allowance payout 12 times over.

Japan is promoting a dirty energy strategy across Asia that prioritizes fossil fuel production, putting corporate profits ahead of the people and the planet. This series of leaflets provides a wider audience with easy-to-understand information about Japan and its dangerous distractions. 

This is the first factsheet in a forthcoming series that details why fossil gas is dangerous for our planet and our communities in Africa, and how gas acts as a barrier to the energy transition we need for a safe, secure and healthy future.

Gas infrastructure locks in decades of new carbon emissions and slows the transition to clean energy. This fact sheet provides insights into the latest research on achieving fossil-free electricity.