A United Nations-backed study finds that the major fossil fuel-producing countries still plan to extract more than double the amount of fossil fuels in 2030 than would be consistent with the Paris climate accord’s goal for limiting global temperature rise, despite frequent and devastating heat waves, droughts, floods and fire.
Oil Pump jacks work at dusk near Barnes City, Texas, Wednesday, Nov. 1, 2023. Despite frequent and devastating heat waves, droughts, floods and fire, major fossil fuel-producing countries still plan to extract more than double the amount of fossil fuels in 2030 than is consistent with the Paris climate accord’s goal for limiting global temperature rise, according to a U.N.-backed study released Wednesday, Nov. 8.
The report examines the disparity between climate goals and fossil fuel extraction plans, a gap that has remained largely unchanged since it was first quantified in 2019. The report is produced by the Stockholm Environment Institute, Climate Analytics, E3G, International Institute for Sustainable Development, and UNEP. They say countries should aim for a near-total phase-out of coal production and use by 2040 and a combined reduction in oil and gas production and use by three-quarters by 2050 from 2020 levels, at a minimum.
More than 80 researchers from over 30 countries contributed, examining 20 major fossil fuel-producing countries: Australia, Brazil, Canada, China, Colombia, Germany, India, Indonesia, Kazakhstan, Kuwait, Mexico, Nigeria, Norway, Qatar, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the United Kingdom, and the United States.
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