Reducing fossil fuel combustion is a top priority for climate and energy policies. However, such policies have yet to put fossil fuel use on a trajectory consistent with keeping warming below 2°C, let alone 1.5°C. Recognising this shortcoming, policy-makers, researchers and civil society actors have begun to look at – and in some cases enact – policies and actions aimed at limiting fossil fuel supply.
The International Conference on Fossil Fuel Supply and Climate Policy explored the many opportunities for, and challenges of, supply-side strategies in recognition that many countries rely on fossil fuel extraction and trade for their energy security, economic development, and political influence.
The first conference, held in 2016, sparked new ideas, new research and new connections among finance specialists, industry representatives, international organisations, activists, and academic researchers.
This second two-day conference built on the growing interest in whether and how climate policy should seek to limit the supply of fossil fuels. It brought together academics and practitioners to reflect on lessons learned and continue the discussion on how policies, plans and investment decisions on fossil fuel extraction and trade can be more consistent with long-term climate goals, and how a just transition away from the fossil fuel economy can be secured.