I feel that this report by the IISD hasn't been much talked about? It's very interesting research on the different timelines for phasing out oil and gas for different types of countries. "How fast do we need to phase out fossil fuels to achieve the goals of the Paris Agreement and safeguard our planet’s future? This question is central to planning effective climate action. IISD commissioned climate scientists at the Tyndall Centre at The University of Manchester to help answer this question, especially in relation to oil and gas production and the new report suggests a faster timeline than many governments are planning: an oil and gas production phase-out by 2034 for rich countries, and by 2050 for the poorest. > On a global scale, the Production Gap Report tells us that governments collectively plan to extract twice the amount of fossil fuels than would be consistent with limiting average global temperature rise to 1.5°C. This report shows that global fossil fuel production must start declining immediately and steeply. > The International Energy Agency (IEA) shows that there is no room for new oil and gas fields or coal mines to be developed if we are to limit warming to 1.5°C: there is more than enough oil, gas, and coal in the fields and mines that are already in production or under development. Exploring the Intergovernmental Panel on Climate Change (IPCC) scenarios in the IPCC’s Special Report on 1.5°C, we find the same result. But how fast should different countries phase out production, taking into account their economic capacities, levels of development, and degree of dependence on fossil fuel revenues? There is now a growing consensus that coal should no longer be used to generate power (its largest usage) after 2030 in developed countries and after 2040 or 2050 in developing countries. *So What About Oil and Gas?* In this new report: Phaseout Pathways for Fossil Fuel Production, the researchers aim to shine a similar light on timelines for phasing out oil and gas production. The report’s core principle is that the pace at which countries phase out oil and gas production should be determined by their capacity to fund and enable a just transition for the workers and communities affected. The Tyndall report echoes the IEA: no new oil and gas fields can be developed: there is no room for any country, at any income level, to increase its oil and gas production. It further finds that limiting warming to 1.5°C requires the richest countries to phase out oil and gas production by 2034, to give lower-income nations longer to replace their income from fossil fuel production. The poorest countries should be given until 2050 to end production, but they will also need significant financial support to transition their economies within that time frame. If these timelines seem extremely tight, that is because governments have left it so late to reduce greenhouse gas emissions. One consequence of this urgency is that equity can no longer be addressed only by differentiating the level and speed of mitigation action between countries. Even while richer countries move faster, a major increase in climate finance will be needed for heavily oil-dependent lower-income countries to transition their whole economies in less than 30 years. To create security and resilience, we need to accelerate the transition to renewable energy. The wider lesson is that oil and gas play a destabilizing role in international politics and leave energy consumers exposed to volatile prices." Read more: https://www.iisd.org/articles/analysis/phase-out-oil-gas-production The report itself: https://www.research.manchester.ac.uk/portal/en/publications/phaseout-pathways-for-fossil-fuel-production-within-pariscompliant-carbon-budgets(c7235a8e-e3b1-4f44-99de-c27958c03758).html