The report, released Tuesday morning, says there is a narrow but viable pathway to build a global energy sector with net zero greenhouse gas emissions by 2050.

Ireland has committed to divesting public funds from fossil fuel companies, making it the first country in the world to do so.

The global fossil fuel industry is heading toward a major crisis by 2035, and Canada's oilsands will likely be among the first to collapse when the so-called "carbon bubble" bursts, according to a new study looking at advancements in clean energy.