A new study by University College London and the International Institute for Sustainable Development (IISD), reported on by The Guardian, shows that the world does not need any new licences for fossil fuel projects, because we already have enough to keep us supplied until 2050, at which point governments have committed to achieving "net zero emissions".

The study suggests that governments stop issuing new licences for fossil fuel exploration and exploitation immediately, since we do not need any more oil, gas, coal, etc. That, however is not enough. Other studies have already shown that we don't dare to use all of the reserves that we already have, because of the climate impact that would cause. This means that governments need to cancel existing licences and projects, and shut down some current extraction projects. Realistically, governments will not take such drastic steps, because fossil fuel companies donate huge amounts to political parties and employ a vast army of lobbyists, giving them huge influence on government policy.

Things are not looking good for our planet and the living things which inhabit it (wildlife, livestock and humans).