Paul Boëffard
A BBC Interview of Guyana’s President highlights Western hypocrisy on oil phase-out
Guyana is on the verge of a transformative shift as it emerges as a major player in the global oil market. Guyana is set to become the...
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DEFUSING CARBON BOMBS WITH CLIMATE FINANCE
“The first thing you do when you are in a hole
is to stop digging”
LEAVIT a think tank dedicated to finding ways to offer financial compensation to oil-producing nations affected by the resource curse.
LEAVIT is harnessing Climate Finance as incentives to leave oil in the ground and transition towards low-carbon and resilient economies.
LEAVIT is updating and improving Ecuador's Yasuni ITT Initiative with current international financial tools and cooperation mechanisms.
As of 2023, the remaining carbon budget to limit global warming to 1.5°C is 380 Gt of CO2 emissions
While developed fossil fuel reserves could potentially contribute to
915 Gt of CO2 emissions if fully extracted and burned.
There are 2.5 times more fossil fuel extraction projects underway than necessary to stay under the 1.5°C limit.
CLIMATE CHANGE MITIGATION EFFORTS ARE POINTLESS WITHOUT ACTIVELY CLOSING FOSSIL FUEL EXTRACTION VALVES
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