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

EUR -
AED 4.256694
AFN 73.006558
ALL 96.183185
AMD 437.462357
ANG 2.074413
AOA 1062.652651
ARS 1616.583177
AUD 1.634887
AWG 2.088802
AZN 1.968976
BAM 1.975086
BBD 2.334991
BDT 142.252756
BGN 1.980809
BHD 0.437517
BIF 3441.742426
BMD 1.158836
BND 1.487395
BOB 8.011612
BRL 6.048742
BSD 1.159341
BTN 108.010902
BWP 15.820233
BYN 3.584907
BYR 22713.182337
BZD 2.331679
CAD 1.591719
CDF 2636.351736
CHF 0.91339
CLF 0.026784
CLP 1057.587983
CNY 7.996489
CNH 7.972918
COP 4277.55277
CRC 542.427133
CUC 1.158836
CUP 30.70915
CVE 112.464864
CZK 24.472182
DJF 205.948898
DKK 7.471133
DOP 68.168493
DZD 153.256108
EGP 60.532024
ERN 17.382538
ETB 182.173906
FJD 2.558248
FKP 0.869907
GBP 0.862579
GEL 3.146225
GGP 0.869907
GHS 12.629381
GIP 0.869907
GMD 85.754443
GNF 10171.680078
GTQ 8.868484
GYD 242.551028
HKD 9.078147
HNL 30.790613
HRK 7.5344
HTG 152.071514
HUF 390.82922
IDR 19560.279743
ILS 3.624074
IMP 0.869907
INR 108.151817
IQD 1518.074942
IRR 1524013.975298
ISK 143.799646
JEP 0.869907
JMD 182.132997
JOD 0.821554
JPY 182.779731
KES 150.179997
KGS 101.337763
KHR 4646.931796
KMF 495.9811
KPW 1042.938319
KRW 1723.368534
KWD 0.354812
KYD 0.96618
KZT 557.540752
LAK 24885.999794
LBP 103773.749324
LKR 361.379075
LRD 212.536652
LSL 19.502855
LTL 3.421741
LVL 0.700968
LYD 7.393341
MAD 10.845255
MDL 20.31736
MGA 4826.550671
MKD 61.840893
MMK 2433.253315
MNT 4155.40254
MOP 9.354227
MRU 46.481248
MUR 53.891672
MVR 17.903794
MWK 2012.897608
MXN 20.545118
MYR 4.564685
MZN 74.050655
NAD 19.503121
NGN 1573.11839
NIO 42.552008
NOK 10.987384
NPR 172.811971
NZD 1.971968
OMR 0.445583
PAB 1.159381
PEN 4.0032
PGK 4.985268
PHP 68.413043
PKR 323.488759
PLN 4.267587
PYG 7533.334191
QAR 4.223496
RON 5.094213
RSD 117.478165
RUB 99.83641
RWF 1690.741481
SAR 4.350755
SBD 9.326986
SCR 17.598041
SDG 696.460551
SEK 10.757867
SGD 1.480649
SHP 0.869427
SLE 28.565483
SLL 24300.220556
SOS 662.27146
SRD 43.458668
STD 23985.562074
STN 24.91497
SVC 10.144364
SYP 128.084693
SZL 19.503003
THB 37.627637
TJS 11.10097
TMT 4.055925
TND 3.373661
TOP 2.790198
TRY 51.308384
TTD 7.858106
TWD 36.841128
TZS 3010.068531
UAH 50.982556
UGX 4381.978336
USD 1.158836
UYU 46.959974
UZS 14132.002921
VES 526.906001
VND 30465.794063
VUV 138.374754
WST 3.166195
XAF 662.460109
XAG 0.015907
XAU 0.000249
XCD 3.131812
XCG 2.08942
XDR 0.823884
XOF 662.273593
XPF 119.331742
YER 276.440433
ZAR 19.405896
ZMK 10430.917809
ZMW 22.694786
ZWL 373.144666
  • RIO

    -2.0700

    85.65

    -2.42%

  • BCE

    -0.0200

    25.73

    -0.08%

  • CMSC

    0.0200

    22.85

    +0.09%

  • NGG

    -1.8700

    85.53

    -2.19%

  • RBGPF

    -13.5000

    69

    -19.57%

  • GSK

    0.3100

    52.37

    +0.59%

  • AZN

    0.5100

    188.93

    +0.27%

  • BTI

    0.6300

    58.72

    +1.07%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • BCC

    -1.9800

    69.86

    -2.83%

  • CMSD

    0.0100

    22.9

    +0.04%

  • RELX

    -0.0400

    33.82

    -0.12%

  • BP

    1.2500

    45.86

    +2.73%

  • JRI

    -0.1630

    12.16

    -1.34%

  • VOD

    0.0500

    14.42

    +0.35%

Fossil fuel plans by producing nations threaten global climate goals: UN
Fossil fuel plans by producing nations threaten global climate goals: UN / Photo: Patrick T. FALLON - 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."

A.Al-Mehrazi--DT