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More recently, another study showed it had to be done in OECD nations to comply with the ParisAgreement targets. Ending fossil fuels subsidies and divesting away from coal will put the final nails in the coffin. A 2010 US study showed that stopping burning coal could be done by 2030 with renewables and energy efficiency.
The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the ParisAgreement.” According to a recent BloombergNEF analysis , the 2011-2015 low-carbon to fossil energy supply investment ratio was US$0.5 low-carbon versus US$1 for fossil fuels.
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