Shut down fossil fuel production sites early to avoid climate chaos, says study

, analysed a database of more than 25,000 oil and gas fields and developed a new dataset of coal mines. The researchers found that fields and mines that have already been developed would lead to 936bn tonnes of COwhen fully exploited and burned. That is 25 years of global emissions at today’s rate – the world’s scientists agree emissions must fall by half by 2030.

The researchers calculated that 40% of developed fossil fuels must stay in the ground to have a 50-50 chance of global temperature rise stopping at 1.5C. Half the emissions would come from coal, a third from oil and a fifth from gas. The researchers found that almost 90% of developed reserves are located in just 20 countries, led by China, Russia, Saudi Arabia and the US, followed by Iran, India, Indonesia, Australia and Canada.

The research only considered projects where companies had made final investment decisions, that means committed to spending billions on building rigs and pipelines to extract the fossil fuels.

, but we believe it would be a mistake to predicate achieving climate goals on these being delivered at a very large scale. We just don’t know whether it will be possible in terms of financing or governance.”Maeve O’Connor, at the Carbon Tracker thinktank, the author of a, said: “Oil and gas companies are gambling on emissions [reducing] technologies that pose a huge risk to both investors and the climate.

What is Climate Chaos?

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