adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat
Summary
Reclaim Finance calls on the Paris financial center to lead a global transition by ending support for fossil fuel expansion. The letter argues that to limit warming to 1.5°C, oil and gas production must decrease annually, and financial actors should exit non-conventional sectors by 2030 and all oil and gas by 2040 in the OECD and 2050 globally.
Key insights
- To maintain a 1.5°C warming trajectory, greenhouse gas emissions must drop by 7.6% annually by 2030, while oil and gas production must decrease by 4% and 3% per year, respectively.
- The document argues that natural gas is not a climate solution because its carbon footprint is underestimated—with pre-combustion emissions potentially reaching 78% of combustion emissions—and methane leaks can make it more polluting than coal if leaks reach 3%.
- Financial institutions are urged to achieve zero exposure to oil and gas by 2040 within the OECD and by 2050 in the rest of the world.
- The letter demands an accelerated exit by 2030 from 'non-conventional' oil and gas, including shale oil and gas, oil sands, heavy oil, and drilling in the Arctic and ultra-deep waters, noting that reserves in these sectors (excluding offshore) could consume 41.2% to 65.8% of the remaining carbon budget for 1.5°C.
- The authors call for an immediate end to financial services supporting the expansion of oil and gas production, including transport, export, transformation, storage, and specifically LNG terminals in North America.
Cite the original document
- APA
- Reclaim Finance (2021). adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat. https://reclaimfinance.org/site/wp-content/uploads/2021/05/LetterReclaimFinance_Scan_Finance_Fossile.pdf
- Chicago
- Reclaim Finance. adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat. 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/05/LetterReclaimFinance_Scan_Finance_Fossile.pdf.
- Wikipedia
- {{cite press release |author=Reclaim Finance |title=adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat |date=11 May 2021 |url=https://reclaimfinance.org/site/wp-content/uploads/2021/05/LetterReclaimFinance_Scan_Finance_Fossile.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{reclaimfinance2021adoption, author = {{Reclaim Finance}}, title = {{adoption de politiques sectorielles sur pétrole et gaz dici la COP 26 sur le climat}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/05/LetterReclaimFinance_Scan_Finance_Fossile.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated