Current:Home > FinanceDespite climate change promises, governments plan to ramp up fossil fuel production -Secure Growth Solutions
Despite climate change promises, governments plan to ramp up fossil fuel production
View
Date:2025-04-15 15:11:49
Despite lofty commitments by governments to reduce greenhouse gas emissions, they are still planning to extract huge amounts of energy from fossil fuels in the coming years, according to a new report from the United Nations.
The report published Wednesday details how the world's largest fossil fuel producers plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming.
The world's governments plan to produce more than double the amount of fossil fuels in 2030, with just a modest decrease in coal production. That's contrary to promises to limit global warming to 1.5 degrees Celsius, and 45% more than what would be consistent with warming of 2 degrees, according to the report.
This latest report comes as the world's leaders are set to meet at the UN climate summit, COP26, in Glasgow beginning on Oct. 31.
Executive Director of UN Environment Programme Inger Andersen said in a statement that at that COP26 conference, "governments must step up, taking rapid and immediate steps to close the fossil fuel production gap and ensure a just and equitable transition."
Limiting warming to this threshold is important to avoid the worst case scenarios of climate change, according to scientists.
A recent study showed the current rate of warning and policies that fail to address needed cuts in pollution, climate events like heat waves will happen more often, be stronger, and last longer — posing a serious risk to younger generations. Other climate events like flooding and wildfires are more likely to happen, as well.
Taken together, governments' energy plans mean that fossil fuel production will increase overall, to at least 2040.
Specifically, the group of 20 major industrialized countries have directed nearly $300 billion in new funds toward those continued fossil fuel activities since the beginning of the COVID-19 pandemic — far more than they have toward clean energy efforts.
The U.S. specifically has shown a 17% planned increase of oil production and 12% with gas by 2030 compared to 2019 levels, according to Wednesday's report.
And it again reminded the world that "global fossil fuel production must start declining immediately and steeply."
Additionally, if carbon dioxide removal technologies fail to develop at a larger scale, or if methane emissions are not rapidly reduced, the gap between climate commitments and plans of governments will continue to expand, the report says.
Andersen said, "There is still time to limit long-term warming to 1.5 degrees C [above pre-industrial levels], but this window of opportunity is rapidly closing."
veryGood! (89467)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Caitlin Clark would 'pay' to see Notre Dame's Hannah Hidalgo, USC's JuJu Watkins play ball
- Women’s March Madness highlights: Texas' suffocating defense overwhelms Gonzaga
- Abercrombie & Fitch’s Clearance Section Is Full of Cute Styles, Plus Almost Everything Else Is On Sale
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Gov. Evers vetoes $3 billion Republican tax cut, wolf hunting plan, DEI loyalty ban
- When is Passover 2024? What you need to know about the Jewish holiday
- Powerlifter Angel Flores, like other transgender athletes, tells her story in her own words
- Intel's stock did something it hasn't done since 2022
- Low-income subway, bus and commuter rail riders in Boston could be getting cheaper fares
Ranking
- Rylee Arnold Shares a Long
- Save 70% on These Hidden Deals From Free People and Elevate Your Wardrobe
- Save up to 70% on Madewell’s Sale Section, Including a Chic $85 Denim Button-up for $27
- 2024 NHL playoffs: Bracket, updated standings, latest playoff picture and more
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- The Texas attorney general is investigating a key Boeing supplier and asking about diversity
- Louis Gossett Jr., Oscar-winning actor in 'An Officer and a Gentleman,' dies at 87
- Gypsy Rose Blanchard says she and her husband have separated 3 months after she was released from prison
Recommendation
Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
United Airlines Boeing 777 diverted to Denver during Paris flight over engine issue
Volunteers uncover fate of thousands of Lost Alaskans sent to Oregon mental hospital a century ago
International Court Issues First-Ever Decision Enforcing the Right to a Healthy Environment
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Forever Chemicals From a Forever Fire: Alabama Residents Aim to Test Blood or Urine for PFAS Amid Underground Moody Landfill Fire
Georgia House and Senate showcase contrasting priorities as 2024 session ends
EPA sets strict new emissions standards for heavy-duty trucks and buses in bid to fight climate change