Search Climate Insights Directory

WWF-US analysis, utilizing Rystad Energy modeling, concludes that oil development in the Arctic National Wildlife Refuge is economically unviable. The study finds that the breakeven price for the nine leases awarded in 2021 ranges from $62.5 to $83.60 per barrel, significantly exceeding projected future oil prices under various scenarios, including the IEA's Net-Zero Emissions by 2050 scenario. Additionally, the report highlights substantial risks from thawing permafrost impacting infrastructure, high costs of frontier development, and a growing lack of financial and insurance support from major global institutions.

The document examines the role of fossil gas in South Africa, detailing its current use in power generation and chemical feedstock, while arguing against its use as a 'bridge fuel'. It highlights the high global warming potential of methane leaks, the risk of stranded assets, and the availability of cheaper renewable alternatives combined with energy storage. The author concludes that South Africa should avoid new gas exploration and infrastructure to align with the 1.5°C warming limit and its own 2050 net-zero target.