Current:Home > ContactWorld’s Current Fossil Fuel Plans Will Shatter Paris Climate Limits, UN Warns -Wealth Nexus Pro
World’s Current Fossil Fuel Plans Will Shatter Paris Climate Limits, UN Warns
View
Date:2025-04-15 22:08:13
The world’s top fossil fuel-producing nations are on track to extract enough oil, gas and coal to send global temperatures soaring past the goals of the Paris climate agreement, according to a United Nations report published Wednesday.
If countries follow through on their current plans, they will produce about 50 percent more fossil fuels by 2030 than would be compatible with the international goal of keeping global warming under 2 degrees Celsius, the report said.
They would blow past the more ambitious target of keeping warming under 1.5°C, the report found, with countries poised to produce twice as much oil, gas and coal by 2030 than would be allowable to meet that goal. A UN scientific report released last year laid out the risks that would bring, including worsening droughts, heat waves and extreme rainfall and accelerating sea level rise.
The Production Gap Report, which was written by a collection of research institutions and published by the UN Environment Program, warns that even as governments commit to reduce greenhouse gas emissions, many continue to promote expanding fossil fuel production.
“The world is awash in fossil fuels,” the report says.
While renewable energy sources, such as solar and wind power, are increasingly competing with oil, gas and coal as their prices fall, “there is no guarantee that fossil fuels and their greenhouse gas (GHG) emissions will decline—let alone at the pace needed to avoid dangerous climate change,” the report says.
“The continued drive to increase fossil fuel production throughout the world only makes that harder,” it says.
In the United States, the world’s top oil and gas producer, the report says state and federal subsidies and other policies are a significant factor driving surging output.
The Trump administration has put fossil fuel development at the top of its agenda for the past three years. It has been rolling back policies designed to reduce greenhouse gas emissions, working to fast-track pipelines and drilling, and has started the process of pulling out of the Paris climate agreement.
The same day the UN report was released, the Trump administration put out its regulatory agenda for 2020, with plans for removing more obstacles to fossil fuel production.
Keeping Fossil Fuels in the Ground
This is the first time the UN Environment Program has examined how fossil fuel production is creating a drag on government efforts to reduce emissions. Even though fossil fuels account for 75 percent of global greenhouse gas emissions, the report says climate policy discussions rarely discuss limiting production. The text of the Paris Agreement, for example, does not mention fossil fuels.
The Production Gap report is an attempt to change that by examining what policies countries are using to promote growth and suggesting ways for phasing out production. Its release comes before the annual UN climate summit next month and as nations are expected to update their pledges under the Paris Agreement next year.
It is consistent with aims of the “Keep it in the Ground” movement that has sought to prevent further climate damage by trying to block new pipelines, mines and other major infrastructure projects that would effectively lock in new emissions for decades to come. Several of the Democratic candidates for U.S. president have also supported reducing fossil fuel production by ending new coal, oil and gas leases on federal land.
Some critics of that movement, particularly energy companies, have argued that global climate policies ought to focus exclusively on limiting demand for fossil fuels—through carbon pricing, for example—and reducing emissions with technologies that capture and store carbon dioxide, rather than restricting production.
The report says that while these conventional approaches are important, they are insufficient. Global emissions have continued to rise, and the pledges governments have made as part of the Paris Agreement are not expected to reduce emissions enough to meet the goals of the pact.
“Over the past decade, the climate conversation has shifted. There’s greater recognition of the role that the unfettered expansion of fossil fuel production plays in undermining climate progress,” said Michael Lazarus, a lead author on the report and the director of Stockholm Environment Institute’s U.S. Center, in a statement.
“This report shows, for the first time, just how big the disconnect is between Paris temperature goals and countries’ plans and policies for coal, oil, and gas production,” he said.
One Big Problem: Subsidies
The authors examined policies in 10 leading fossil fuel producing nations—including the United States and Russia, but not the Arab oil-producing states, which didn’t have publicly available plans—and found a range of subsidies and tax incentives promoting greater development.
The report acknowledges there are formidable barriers to changing these policies. Beyond private interests with substantial political influence, many national and regional governments depend on revenue from fossil fuel production.
But the report suggests a number of ways governments can phase out this production, from ending subsidies and limiting permitting for new drilling and mining to more ambitious plans that transition their economies away from fossil fuels. The report notes that several nations, including France, Germany, Costa Rica and others, have taken some of these steps.
These actions could limit countries’ exposure to future financial risks, the report argues, by beginning to reduce their dependence on fossil fuels before demand drops. And if nations fail to take these steps, the report warns the results could be disastrous.
Absent “dramatic, unexpected” advances in the technology to remove carbon dioxide from smokestacks or directly from the air, the report warns “most of the world’s proven fossil fuel reserves must be left unburned.”
veryGood! (98884)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Do you regret that last purchase via social media? You're certainly not alone.
- Fire kills hundreds of caged animals, including puppies and birds, at famous market in Thailand
- Reported birth of rare white buffalo calf in Yellowstone park fulfills Lakota prophecy
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- The US cricket team is closing in on a major achievement at the Twenty20 World Cup
- Man arraigned in fatal shooting of off-duty Chicago police officer
- Chiquita funded Colombian terrorists for years. A jury now says the firm is liable for killings.
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- After baby's fentanyl poisoning at Divino Niño day care, 'justice for heinous crime'
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Former Trump attorney in Wisconsin suspended from state judicial ethics panel
- 12-year-old boy hospitalized after sand hole collapsed on him at Michigan park
- Mega Millions winning numbers for June 11 drawing: Jackpot climbs to $47 million
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Donald Trump tells a group that calls for banning all abortions to stand up for ‘innocent life’
- Officer uses Taser on fan who ran onto GABP field, did backflip at Reds-Guardians game
- Where Hunter Biden's tax case stands after guilty verdict in federal gun trial
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Bankruptcy case of Deion Sanders' son Shilo comes down to these two things: What to know
Virginia NAACP sues school board for reinstating Confederate names
Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
The Daily Money: Is inflation taming our spending?
NBA Finals Game 3 Celtics vs. Mavericks: Predictions, betting odds
When does 'Bridgerton' come out? Season 3 Part 2 release date, cast, where to watch new episodes