Summary: 2020 is shaping up to be a pivotal year for fossil fuel divestment. Despite economic disruptions caused by the coronavirus pandemic, a growing number of countries, companies and financial institutions are committing to quit coal and are beginning to ditch oil and gas projects, too. In this episode of Political Climate’s special DITCHED series, host Julia Pyper speaks to Tim Buckley at the Institute for Energy Economics and Financial Analysis (IEEFA) about what’s driving the increase in fossil fuel exits around the globe, including in historically coal-dependent economies such as China and India. Will 2020 prove to be a tipping point in the energy-finance transition? Recommended resources:IEEFA: Why 2020 is turning out be a pivotal year for fossil fuel exitsIEA: Renewable power is defying the Covid crisis with record growth this year and nextArgus: Coal India to diversify into solar powerPV Tech: Indian solar tariffs fall to record low following SECI auctionReuters: Satellites reveal major new gas industry methane leaksIEEFA: Is the Gas Industry Facing Its Volkswagen Moment? Episodes of DITCHED will air Mondays over the next several weeks. Listen and subscribe to Political Climate on Apple Podcasts, Spotify, Stitcher, Google Play or wherever you get podcasts! You can also find DITCHED episodes via Our Daily Planet.
