This report argues that governments have failed to acknowledge a looming oil supply crunch
The world is facing a twin emergency brought about by the confluence of the climate and energy crises, a situation that is exacerbated by the recent global economic collapse.
Advances in scientific understanding clearly demonstrate that current mitigation efforts are unlikely to prevent dangerous climate change.
Meanwhile, as this report shows, the world is facing an imminent oil supply “crunch”, where increasing the volume of oil on to the international market to supply the trend of growing demand is likely to become impossible.
This report argues that governments have failed to acknowledge a looming oil supply crunch. Their collective failure means we have lost a decade in which action could have been taken.
Recognition of the oil supply crunch would also have injected a sense of urgency and increased ambition into climate change negotiations.
Download the full report: Heads in the sand
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