Current:Home > ScamsDespite climate change promises, governments plan to ramp up fossil fuel production -TradeWise
Despite climate change promises, governments plan to ramp up fossil fuel production
View
Date:2025-04-12 22:37:49
Despite lofty commitments by governments to reduce greenhouse gas emissions, they are still planning to extract huge amounts of energy from fossil fuels in the coming years, according to a new report from the United Nations.
The report published Wednesday details how the world's largest fossil fuel producers plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming.
The world's governments plan to produce more than double the amount of fossil fuels in 2030, with just a modest decrease in coal production. That's contrary to promises to limit global warming to 1.5 degrees Celsius, and 45% more than what would be consistent with warming of 2 degrees, according to the report.
This latest report comes as the world's leaders are set to meet at the UN climate summit, COP26, in Glasgow beginning on Oct. 31.
Executive Director of UN Environment Programme Inger Andersen said in a statement that at that COP26 conference, "governments must step up, taking rapid and immediate steps to close the fossil fuel production gap and ensure a just and equitable transition."
Limiting warming to this threshold is important to avoid the worst case scenarios of climate change, according to scientists.
A recent study showed the current rate of warning and policies that fail to address needed cuts in pollution, climate events like heat waves will happen more often, be stronger, and last longer — posing a serious risk to younger generations. Other climate events like flooding and wildfires are more likely to happen, as well.
Taken together, governments' energy plans mean that fossil fuel production will increase overall, to at least 2040.
Specifically, the group of 20 major industrialized countries have directed nearly $300 billion in new funds toward those continued fossil fuel activities since the beginning of the COVID-19 pandemic — far more than they have toward clean energy efforts.
The U.S. specifically has shown a 17% planned increase of oil production and 12% with gas by 2030 compared to 2019 levels, according to Wednesday's report.
And it again reminded the world that "global fossil fuel production must start declining immediately and steeply."
Additionally, if carbon dioxide removal technologies fail to develop at a larger scale, or if methane emissions are not rapidly reduced, the gap between climate commitments and plans of governments will continue to expand, the report says.
Andersen said, "There is still time to limit long-term warming to 1.5 degrees C [above pre-industrial levels], but this window of opportunity is rapidly closing."
veryGood! (3633)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Stop & Shop is using grocery store kiosks to make digital
- Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Billboard Music Awards 2024: Complete winners list, including Taylor Swift's historic night
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
- Through 'The Loss Mother's Stone,' mothers share their grief from losing a child to stillbirth
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Our 12 favorites moments of 2024
- New Jersey, home to many oil and gas producers, eyes fees to fight climate change
- East Coast storm makes a mess at ski resorts as strong winds cause power outages
- Former longtime South Carolina congressman John Spratt dies at 82
- We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
- The Voice Season 26 Crowns a New Winner
- Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
This house from 'Home Alone' is for sale. No, not that one.
One Tech Tip: How to protect your communications through encryption
Lil Durk suspected of funding a 2022 murder as he seeks jail release in separate case
'We're reborn!' Gazans express joy at returning home to north
Dick Van Dyke credits neighbors with saving his life and home during Malibu fire
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
Drew Barrymore has been warned to 'back off' her guests after 'touchy' interviews