Big fossil fuel producers' plans far exceed climate targets, UN says

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LONDON : Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.The U.N. Environment Programme's (UNEP) annual production g

LONDON : Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.

The report, which analysed 15 major fossil fuel producers, found they plan to produce, in total, around 110per cent more fossil fuels in 2030 than would be consistent with limiting the degree of warming to 1.5C, and 45per cent more than is consistent with 2C.The countries analysed in the report were Australia, Brazil, Canada, China, Germany, India, Indonesia, Mexico, Norway, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the United Kingdom, and the United States.

This would lead to about 240per cent more coal, 57per cent more oil, and 71per cent more gas in 2030 than what is required in order to curb the rate of global warming to 1.5C.

 

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