Researchers at the University College London and the International Institute for Sustainable Development estimate that existing fossil fuel projects are enough to meet predicted energy demands in a global, the researchers argue that stopping new fossil fuel projects is a crucial step for countries to achieve their climate goals.
The research extends work by the International Energy Agency which found in a 2021 report that no new fossil fuel extraction projects are needed in the transition to net-zero emissions by 2050. Synthesizing evidence from economics, political science, and law, the authors find benefits of this approach for the feasibility of the transition.of social-moral norm change, the researchers find that governments, by banning new fossil fuel projects, and civil society, by advocating such bans, can help to build a global norm against new fossil fuel projects.