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Paris-aligned or Paris-misaligned? Fossil fuel financing under the European Bank for Reconstruction and Development's Paris alignment methodology
This research paper analyzes the European Bank for Reconstruction and Development's (EBRD) new Paris alignment methodology released in December 2022. While the methodology expands exclusions for fossil fuel financing, the author argues it remains insufficient because it does not fully exclude midstream and downstream gas infrastructure, potentially allowing projects that are inconsistent with a 1.5°C warming limit.
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Document type: Research paper
US Can’t Meet Climate Goals While Spending Billions on Gas Infrastructure
RMI argues that continued high spending on US gas distribution infrastructure is counterproductive to climate goals and risks creating stranded assets. The document advocates for a shift toward electrification and energy efficiency for residential and commercial buildings, while limiting gas infrastructure spending to targeted safety needs and high-value industrial applications.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Statement