The Fort Worth Press - Fossil fuel plans by producing nations threaten global climate goals: UN

USD -
AED 3.672504
AFN 66.265317
ALL 82.40468
AMD 381.537936
ANG 1.790403
AOA 917.000367
ARS 1449.250402
AUD 1.508523
AWG 1.8025
AZN 1.70397
BAM 1.670125
BBD 2.014261
BDT 122.309039
BGN 1.670125
BHD 0.377012
BIF 2957.004398
BMD 1
BND 1.292857
BOB 6.910892
BRL 5.541304
BSD 1.000043
BTN 89.607617
BWP 14.066863
BYN 2.939243
BYR 19600
BZD 2.011357
CAD 1.37965
CDF 2558.50392
CHF 0.800557
CLF 0.023213
CLP 910.640396
CNY 7.04095
CNH 7.033604
COP 3860.210922
CRC 499.466291
CUC 1
CUP 26.5
CVE 94.159088
CZK 20.779904
DJF 178.088041
DKK 6.380104
DOP 62.644635
DZD 130.069596
EGP 47.704197
ERN 15
ETB 155.362794
EUR 0.853804
FJD 2.283704
FKP 0.747615
GBP 0.752191
GEL 2.68504
GGP 0.747615
GHS 11.486273
GIP 0.747615
GMD 73.000355
GNF 8741.72751
GTQ 7.663208
GYD 209.231032
HKD 7.78155
HNL 26.346441
HRK 6.434404
HTG 131.121643
HUF 330.190388
IDR 16697
ILS 3.20705
IMP 0.747615
INR 89.577504
IQD 1310.106315
IRR 42100.000352
ISK 125.630386
JEP 0.747615
JMD 160.018787
JOD 0.70904
JPY 157.75504
KES 128.909953
KGS 87.450384
KHR 4013.492165
KMF 420.00035
KPW 900.011689
KRW 1475.720383
KWD 0.30723
KYD 0.83344
KZT 517.535545
LAK 21660.048674
LBP 89556.722599
LKR 309.636651
LRD 177.012083
LSL 16.776824
LTL 2.95274
LVL 0.60489
LYD 5.420776
MAD 9.166901
MDL 16.930959
MGA 4548.055164
MKD 52.559669
MMK 2100.050486
MNT 3553.222489
MOP 8.015542
MRU 40.023056
MUR 46.150378
MVR 15.450378
MWK 1734.170189
MXN 18.034604
MYR 4.077039
MZN 63.903729
NAD 16.776824
NGN 1460.160377
NIO 36.804577
NOK 10.138704
NPR 143.372187
NZD 1.704304
OMR 0.385423
PAB 1.000043
PEN 3.367832
PGK 4.254302
PHP 58.571038
PKR 280.195978
PLN 3.59225
PYG 6709.363392
QAR 3.645959
RON 4.335404
RSD 100.234832
RUB 80.483327
RWF 1456.129115
SAR 3.750651
SBD 8.146749
SCR 15.161607
SDG 601.503676
SEK 9.268304
SGD 1.293304
SHP 0.750259
SLE 24.050371
SLL 20969.503664
SOS 570.513642
SRD 38.441504
STD 20697.981008
STN 20.921395
SVC 8.750267
SYP 11058.582789
SZL 16.774689
THB 31.425038
TJS 9.215661
TMT 3.5
TND 2.927287
TOP 2.40776
TRY 42.746504
TTD 6.787925
TWD 31.518904
TZS 2495.196618
UAH 42.285385
UGX 3577.131634
UYU 39.263908
UZS 12022.543871
VES 282.15965
VND 26312.5
VUV 120.938943
WST 2.787822
XAF 560.144315
XAG 0.014888
XAU 0.000231
XCD 2.70255
XCG 1.8024
XDR 0.69664
XOF 560.144315
XPF 101.840229
YER 238.403589
ZAR 16.77901
ZMK 9001.203584
ZMW 22.626703
ZWL 321.999592
  • RIO

    0.6900

    78.32

    +0.88%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • SCS

    0.0200

    16.14

    +0.12%

  • BTI

    -0.5900

    56.45

    -1.05%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • BCC

    -2.9300

    74.77

    -3.92%

  • RBGPF

    0.0000

    80.22

    0%

  • JRI

    -0.0500

    13.38

    -0.37%

  • BP

    0.6300

    33.94

    +1.86%

  • NGG

    -0.2800

    76.11

    -0.37%

  • GSK

    0.3200

    48.61

    +0.66%

  • AZN

    0.7500

    91.36

    +0.82%

  • RELX

    0.0800

    40.73

    +0.2%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • VOD

    0.0400

    12.84

    +0.31%

  • BCE

    -0.0100

    22.84

    -0.04%

Fossil fuel plans by producing nations threaten global climate goals: UN
Fossil fuel plans by producing nations threaten global climate goals: UN / Photo: © AFP/File

Fossil fuel plans by producing nations threaten global climate goals: UN

Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond agreed global warming limits and are "throwing humanity's future into question", the UN warned Wednesday.

Text size:

The future of fossil fuels will be a key flashpoint when world leaders meet at the COP28 climate conference later this month, tasked with salvaging the world's agreed temperature thresholds.

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target that should align with the Paris Agreement's aims to limit global warming to well below two degrees Celsius (2.7 degrees Fahrenheit) since the pre-industrial era, and preferably a safer 1.5C.

But the annual United Nations Environment Programme (UNEP) Production Gap report makes it clear that the production plans of the top 20 producing countries -- including the United States, China, Russia, Australia, India and COP28 host United Arab Emirates -- are heading in the opposite direction.

It found that planned increases in production in these countries would produce 460 percent more coal, 82 percent more gas, and 29 percent more oil than would be consistent with limiting warming to 1.5C.

Overall it found that governments' plans would produce 110 percent more fossil fuels  in 2030  than would be in line with 1.5C, and 69 percent more than would be consistent with 2C.

"Governments' plans to expand fossil fuel production are undermining the energy transition needed to achieve net-zero emissions, throwing humanity's future into question," said Inger Andersen, UNEP Executive Director.

"Starting at COP28, nations must unite behind a managed and equitable phase-out of coal, oil and gas -- to ease the turbulence ahead and benefit every person on this planet."

Burning fossil fuels is by far the main cause of climate change, accounting for most of the pollution driving global warming and the ensuing barrage of temperature records, devastating weather disasters and sea level rise.

But countries have been reluctant to officially acknowledge this in global climate negotiations.

A statement from UN Secretary-General Antonio Guterres said the report was a "startling indictment of runaway climate carelessness".

"COP28 must send a clear signal that the fossil fuel age is out of gas –- that its end is inevitable," he said.

- Big emitters -

The UNEP report covers 20 countries that account for 82 percent of production and 73 percent of consumption of the world's fossil fuel supply.

The report said the United States -- the top oil and gas producer globally -- has encouraged accelerated domestic production of oil and gas since Russia's invasion of Ukraine, even as it ramped up climate policies.

US authorities forecast oil production will reach and remain at "record high levels" from 2024 to 2050, with gas production continuously increasing, the report said.

Meanwhile, UNEP said the world's biggest emitter China produces just over half of the world's supply of coal, the most polluting of the fossil fuels, as well as being a world leader in renewables.

Its domestic coal production reached a record in 2022 of around 4.5 billion tonnes, the report said, adding that production was expected to peak this decade.

- 'Hypocrisy' -

Two years ago at the COP26 meeting in Glasgow countries agreed to "phase-down unabated coal power", the first time a fossil fuel had been explicitly mentioned in the negotiated agreement. Abated generally means to capture emissions before they go into the atmosphere.

UNEP hailed that pledge as a "significant milestone" but noted that since then production and use of fossil fuels have "reached record high levels".

The report "exposes the glaring hypocrisy at the heart of global climate action", said Harjeet Singh, head of global political strategy at Climate Action Network International, calling for wealthy polluters to lead by example.

Fossil fuels and the emissions they cause are expected to dominate climate talks in oil-rich UAE from November 30 to December 12.

The incoming COP28 president Sultan Al Jaber, who also leads the state-owned oil firm ADNOC, has said phasing down all fossil fuels is "inevitable and essential".

But the UAE has no concrete policies to support a "managed wind-down" of its own fossil fuels, the UNEP report found, noting plans by ADNOC to boost oil production capacity by 2027 as part of a $150 billion investment plan.

"World leaders can no longer look away from the undeniable truth: to meet the Paris temperature goal we need a managed and equitable phase-out of fossil fuel production," said Alex Rafalowicz, of the Fossil Fuel Non-Proliferation Treaty Initiative, which has been spearheaded by vulnerable island nations.

"People talk about a transition but it's not a transition if you're expanding the problem, and the UN is clear today -- the hole we're in is just getting bigger."

G.Dominguez--TFWP