Current:Home > ScamsDespite climate change promises, governments plan to ramp up fossil fuel production -Streamline Finance
Despite climate change promises, governments plan to ramp up fossil fuel production
View
Date:2025-04-14 03:47:19
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! (157)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Shohei Ohtani inches closer to 50-50 milestone with home run, steal in Dodgers win
- James McAvoy's positively toxic 'Speak No Evil' villain was 'a tricky gift'
- Judge restores voting rights for 4 tangled in Tennessee gun rights mandate but uncertainty remains
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jordan Chiles says 'heart was broken' by medals debacle at Paris Olympics
- California Slashed Harmful Vehicle Emissions, but People of Color and Overburdened Communities Continue to Breathe the Worst Air
- Tyreek Hill: I could have 'been better' during police interaction before detainment
- Grammy nominee Teddy Swims on love, growth and embracing change
- Where is 'College GameDay' for Week 3? Location, what to know for ESPN show
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Harvey Weinstein Indicted on New Sexual Assault Charges in New York After Overturned Conviction
- Northern lights may be visible in 17 states: Where to see forecasted auroras in the US
- The New Lululemon We Made Too Much Drops Start at $29 -- But They Won't Last Long
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Police respond to an active shooting at an apartment building in the Denver suburb of Broomfield
- 2024 MTV VMAs: Chappell Roan Brings Her Own Rug for Revealing Red Carpet Outfit Change
- A plan to extract gold from mining waste splits a Colorado town with a legacy of pollution
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Katy Perry and Orlando Bloom's PDA-Filled 2024 MTV VMAs Moments Will Have You Feeling Wide Awake
The Trainers at Taylor Swift’s Gym Dogpound Offer Up This Hard AF Workout…Are You Ready For It?
Pac-12 to add Boise St., Fresno St., San Diego St., Colorado St. in 2026, poaching Mountain West
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
2024 VMAs Red Carpet: Taylor Swift's Bondage-Inspired Look Is Giving Reputation Vibes
Billionaire Jared Isaacman and crew complete historic spacewalk: 'Looks like a perfect world'
Patrick Mahomes Weighs in on Family's Outlook on Politics After Donald Trump Shouts Out Brittany Mahomes