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LONDON Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majors’ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds.
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FILE PHOTO: Former EPA chief Gina McCarthy, U.S. President-elect Joe Biden s nominee for National Climate Adviser, speaks after Biden announced her nomination among another round of nominees and appointees for his administration in Wilmington, Delaware, U.S., December 19, 2020. REUTERS/Kevin Lamarque/File Photo
WASHINGTON (Reuters) -White House national climate adviser Gina McCarthy said on Tuesday that existing nuclear power plants are going to be needed in the Biden administration’s effort to hit goals to reduce greenhouse gas emissions.
“In many areas continuation of the existing nuclear, as long as it’s environmentally sound and it’s permitted, is going to be absolutely essential” because it will provide time to develop renewable energy into a bigger part of the energy mix, McCarthy said at a Columbia University Center on Global Energy Policy virtual event.
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May 19, 2021 | 5:15 pm
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LONDON â Investors should not fund new oil, gas, and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdogâs starkest warning yet to curb fossil fuels.Â
 Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majorsâ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds.Â
âThe pathway to net zero is narrow but still achievable. If we want to reach net zero by 2050, we do not need any more investments in new oil, gas and coal projects,â Fatih Birol, the IEAâs executive director, told Reuters.Â
19 May 2021
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The USA will need its existing nuclear power plants to help meet the Biden Administration s net zero by 2035 pledge, White House National Climate Advisor Gina McCarthy said yesterday during a webinar held by Columbia University Centre on Global Energy Policy. Last month, President Joe Biden announced a target to cut US emissions by 50%-52% from 2005 levels by 2030.
White House National Climate Advisor Gina McCarthy
US Energy Secretary Jennifer Granholm told the House Appropriations subcommittee on 6 May that she was open to the idea of subsidies for nuclear plants. Asked about this topic, McCarthy said: In many areas, continuation of the existing nuclear, as long as it s environmentally sound and it s permitted, is going to be absolutely essential because we need the time to actually find a way to get renewable energy [to be] a bigger part of the [energy] mix.
Published: Wednesday, May 19, 2021
Gina McCarthy. Photo credit: Alex Wong/Getty Images
White House climate adviser Gina McCarthy spoke yesterday on environmental justice issues and the clean energy standard. Alex Wong/Getty Images
White House climate adviser Gina McCarthy said yesterday that the administration will continue to back carbon capture and storage projects after an environmental justice advisory panel to President Biden called for omitting initiatives that use the technology.
Speaking virtually at a Columbia University Center on Global Energy Policy summit, McCarthy said the White House would look to address challenges raised by advocates and suggested there could be ways to counter traditional pollutants from CCS to blunt what she called the discriminating burden on some communities.