Anna Roggenbuck, Policy Officer at CEE Bankwatch Network, said: «With the decision to finance TANAP, the EIB has shown its disregard to Europe's commitments to climate change mitigation.This project has been approved without a proper climate impact assessment, and in contradiction to pledges under the Paris Agreement to keep global temperature rise to well below 2 degrees Celsius which entails
limiting fossil fuels consumption.»
Since we were running out of oil anyway, environmentally motivated efforts to
limit fossil fuel consumption and increase our use of renewable energy boasted the additional virtue of being inevitable.
Not exact matches
When we mitigate greenhouse - gas emissions, we also create huge co-benefits in the nature of energy security, because if we continue to increase our
consumption of
fossil fuels, we're really going to put pressure on
limited resources of these
fossil fuels.
A key part of reducing
consumption involves making energy — especially
fossil fuels — much more expensive, or, for people of poor countries, off -
limits altogether.
Francis said that wealthy nations and multinational corporations that use foreign debt as a way to control poorer countries, while exploiting their natural resources and polluting their land and water, owe them an «ecological debt» by
limiting consumption of
fossil fuels and assisting them in more sustainable development.
Increasing the price or scarcity of carbon would cause some direct reduction in
fossil -
fuel consumption (e.g., biking to work instead of driving), and get more people to use some pre-existing technologies (e.g., efficient light bulbs), but these effects would be
limited.
Offshore oil and gas exploration have devastating impacts on the local environment and climate, and the continued extraction and
consumption of
fossil fuels is incompatible with the Paris agreement and
limiting global warming below 1.5 °C.
Weighing the social and economic benefits of
fossil fuel consumption and other human activities against some of the environmental consequences, he asked «[i] s it now necessary, for the long - term future of our planet, to
limit such development?»