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As UNEP affirms overshoot is inevitable and Earth’s energy imbalance reaches its highest on record, a new Climate Crisis Advisory Group report sets out the case for government-led research into stabilising Earth's system, with the most climate-exposed countries as key collaborators.
In a full scientific assessment published ahead of the 29 October Energy Council, the Climate Crisis Advisory Group finds the supply fears driving calls for delay do not hold – and warns that a core question, whether a rule enforced through tradable certificates will cut methane at all, is barely being asked.
High gas prices are the reason given for delay. They are also why oil and gas companies will not cut methane unless the rules make them. Meeting the rule costs importers about €0.07 per MMBtu, 0.3% of today's gas price.