26-27 September 2022, The Queen’s College, Oxford, UK.
The international conference organised by Stockholm Environment Institute and supported by Climate Strategies explores the intersection of fossil fuel supply and climate policy. Oil and Gas Transitions will organise a session on 27 September. Members of our team will share lessons and pathways from the North Sea region on just oil and gas transitions. See the full agenda here.
The conflict between continued fossil fuel exploration and production and global climate action is evident. The Production Gap Report makes clear that fossil fuel production plans are dangerously out of sync with the climate goals of limiting global warming to 1.5°C or 2°C. Yet the words “fossil fuels” appeared nowhere in the landmark Paris Agreement on climate change of 2015, and it was not until six years later, in the Glasgow Climate Pact, that the international community first acknowledged the need to act on coal power generation and fossil fuel subsidies. COP26 also saw multibillion-dollar bilateral announcements to address phasing out coal. While fossil fuel production is now recognized as part of the climate problem, global production and consumption of oil, gas and coal reached all-time highs in 2021.
The International Conference on Fossil Fuel Supply and Climate Policy explores the intersection of fossil fuel supply and climate policy. Discussions during the first two conferences, held in 2016 and 2018, and the 2020 virtual forum, centered on the many opportunities for, and challenges of, policies that aim to explicitly limit fossil fuel production, recognizing that many countries rely on fossil fuel extraction and trade for their energy security, economic development and geopolitical influence. These events sparked new ideas, research and connections among finance specialists, industry representatives, international organizations, civil society organizations, and academic researchers.
The 2022 International Conference on Fossil Fuel Supply and Climate Policy conference builds on this legacy, seeking to expand its scope to additional areas of intersection between fossil fuel supply and climate policy in the current context of changing geopolitics, the effects of Covid-19 on supply and demand, price volatility, and ongoing inequalities, discrimination, and impacts on vulnerable groups.