Current:Home > ContactDespite climate change promises, governments plan to ramp up fossil fuel production -Wealth Evolution Experts
Despite climate change promises, governments plan to ramp up fossil fuel production
View
Date:2025-04-16 02:27:24
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! (818)
Related
- Meta donates $1 million to Trump’s inauguration fund
- The Best Valentine’s Day Flower Deals That Will Arrive on Time
- Feds make dozens of bribery arrests related to New York City public housing contracts
- Georgia man shot, killed after argument in Zaxby's, suspect at large: DeKalb County Police
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- NFL’s first Super Bowl in Las Vegas has plenty of storylines plus an interesting football matchup
- Biden Administration partners with US sports leagues, player unions to promote nutrition
- Taylor Swift's 'Eras Tour' movie will stream on Disney+ with an extended setlist
- 2025 'Doomsday Clock': This is how close we are to self
- Trump's ballot eligibility is headed to the Supreme Court. Here's what to know about Thursday's historic arguments.
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Disney posts solid Q1 results thanks to its theme parks and cost cuts
- Nick Saban joining ESPN’s ‘College GameDay’ road show
- First Asian American to lead Los Angeles Police Department is appointed interim chief
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Connecticut's Geno Auriemma becomes third college basketball coach to reach 1,200 wins
- Sébastien Haller fires Ivory Coast into Africa Cup final against Nigeria. Hosts beat Congo 1-0
- Alicia Keys, Swizz Beatz's coveted art collection goes on display at NYC museum: See a sneak peek
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Police who ticketed an attorney for shouting at an officer are going to trial
The game. The ads. The music. The puppies. Here’s why millions are excited for Super Bowl Sunday
Britney Spears Reveals She Forgot She Made Out With Ben Affleck
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Wendy's is giving away free cheeseburgers this week. Here's how you can get one.
The Spurs held practice at a Miami Beach school. And kids there got a huge surprise
Need to find a romantic restaurant? OpenTable's annual list showcases the Top 100 nationwide