UN warns fossil fuel production plans out of sync with Paris agreement | The Guardian Nigeria News - Nigeria and World News

Oil, gas, and coal production plans of some of the world’s biggest oil, gas, and coal producers, including Nigeria, far exceed the emissions targets set in the Paris Agreement on Climate Change, the 2021 Production Gap Report of the UN Environment Programme has stated.

The analysis revealed that the G7 countries committed $189bn to support oil, coal and gas between January 2020 and March 2021. In comparison, the same countries – the UK, US, Canada, Italy, France, Germany and Japan – spent $147bn on clean forms of energy. OPEC in its latest World Oil Outlook, predicted that global oil demand will rise from a pandemic stricken 90.6 million b/d in 2020 to 108.2 million b/d in 2045, from which it will remain largely flat.

“At COP26 and beyond, the world’s governments must step up, taking rapid and immediate steps to close the fossil fuel production gap and ensure a just and equitable transition. This is what climate ambition looks like.”

The more I see such reports, the more this idea: Is climate change intended to beggar resource rich countries? By the way, most are 3rd world!

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