Perspectives and expert analysis on managing the decline of fossil fuel production.

There is a growing recognition among researchers, economists, civil society representatives, and governments that addressing fossil fuel supply will be key to achieving global climate goals, and that, if intentionally managed, this transition can happen in a way that advances human rights and social justice.
The following collection of resources provides an overview of the perspectives and expert analysis that shape this understanding, with a focus on oil and gas supply.

Global Statements

The Lofoten Declaration: Climate Leadership Requires a Managed Decline of Fossil Fuel Production
Issued in August 2017, and now signed by 500 civil society representatives spanning more than 70 countries, this statement declares that, “[I]t is the urgent responsibility and moral obligation of wealthy fossil fuel producers to lead in putting an end to fossil fuel development and to manage the decline of existing production.”
Not a Penny More: Declaration on Climate Finance
In December 2017, over 80 world-renowned economists “call for an immediate end to investments in new fossil fuel production and infrastructure, and encourage a dramatic increase in investments in renewable energy.”
Climate Action Network International: The Need for Restrictions on Fossil Fuel Supply
The international network representing over 1,300 global civil society organizations in more than 120 countries calls for “action by governments to manage a just and equitable phaseout of fossil fuel supply by leaving coal, oil, and gas in the ground.”

Research & Analysis

Pipeline Bubble: North America Is Betting Over $1 Trillion on a Risky Fossil Infrastructure Boom
Global Energy Monitor, April 2019
This report reports that results of a newly completed survey of oil and gas pipelines by the Global Fossil Infrastructure Tracker. It reveals that over half the oil and gas pipelines under development globally are in North America. Investors in these projects are at risk for two primary reasons: (1) Stigmatization on climate groups, as over 1,043 institutions have divested from fossil fuels; (2) Reliance on Asian growth, which may be undermined by competing suppliers or by increasingly competitive renewables.
The Sky’s Limit: Why the Paris Climate Goals Require a Managed Decline of Fossil Fuel Production
Oil Change International, September 2016
This study reveals that the potential carbon dioxide emissions from the oil, gas, and coal in the world's currently operating fields and mines would take the world beyond the climate limits agreed to in the Paris Agreement. To successfully transform our energy system to meet the goals of the Paris Agreement, governments must manage the decline of fossil fuel production.
Supply-Side Climate Policy: The Road Less Taken
Stockholm Environment Institute, October 2015
This working paper explains the concept of supply-side climate policy. It finds that policies such as removal of producer subsidies, compensation of resource owners for leaving fuels “unburned,” or outright restrictions on resource development, could bring important benefits.
How the Paris Agreement Can Take on Fossil Fuel Supply
Stockholm Environment Institute, July 2018
This analysis examines the opportunities and growing appetite for tackling fossil fuel supply at the UN level.
G7 Fossil Fuel Subsidy Scorecard: Tracking the Phase-out of Fiscal Support and Public Finance for Oil, Gas, and Coal
Overseas Development Institute and partners, June 2018
The G7 fossil fuel subsidy scorecard tracks, for the first time, each G7 country’s progress in phasing out fossil fuel subsidies across seven indicators. Despite their numerous commitments, G7 governments have taken limited action to address fossil fuel subsidies, continuing to provide at least $100 billion per year.


News, resources, and analysis on the global path off of oil and gas.