Dubai Telegraph - Fossil fuel plans by producing nations threatens 1.5C limit: UN

EUR -
AED 4.271395
AFN 77.137565
ALL 96.599921
AMD 444.393553
ANG 2.081967
AOA 1066.539094
ARS 1674.842321
AUD 1.750327
AWG 2.094989
AZN 1.976877
BAM 1.956212
BBD 2.345584
BDT 142.319961
BGN 1.956415
BHD 0.438447
BIF 3441.169388
BMD 1.163075
BND 1.509962
BOB 8.064698
BRL 6.320503
BSD 1.16464
BTN 104.721596
BWP 15.522201
BYN 3.366894
BYR 22796.267035
BZD 2.342283
CAD 1.611016
CDF 2593.656932
CHF 0.937415
CLF 0.027452
CLP 1076.92585
CNY 8.215496
CNH 8.209174
COP 4451.137047
CRC 569.429667
CUC 1.163075
CUP 30.821483
CVE 110.288218
CZK 24.257667
DJF 207.382766
DKK 7.468371
DOP 74.997078
DZD 151.420443
EGP 55.361545
ERN 17.446123
ETB 180.8773
FJD 2.642278
FKP 0.873233
GBP 0.873964
GEL 3.128107
GGP 0.873233
GHS 13.311802
GIP 0.873233
GMD 85.484624
GNF 10124.261915
GTQ 8.920878
GYD 243.611285
HKD 9.051513
HNL 30.673325
HRK 7.53475
HTG 152.506371
HUF 383.715831
IDR 19412.649685
ILS 3.758302
IMP 0.873233
INR 104.604047
IQD 1525.621171
IRR 48965.451146
ISK 148.803539
JEP 0.873233
JMD 186.348429
JOD 0.82461
JPY 182.24976
KES 150.42084
KGS 101.710875
KHR 4663.500597
KMF 493.144059
KPW 1046.763379
KRW 1711.080639
KWD 0.357192
KYD 0.9705
KZT 600.593854
LAK 25257.20853
LBP 104290.206677
LKR 359.454126
LRD 205.552389
LSL 19.857095
LTL 3.434257
LVL 0.703532
LYD 6.334306
MAD 10.777969
MDL 19.775078
MGA 5196.071531
MKD 61.558432
MMK 2442.510417
MNT 4125.754449
MOP 9.334565
MRU 46.246531
MUR 53.792378
MVR 17.915637
MWK 2019.416443
MXN 21.167727
MYR 4.793037
MZN 74.331577
NAD 19.857095
NGN 1688.970731
NIO 42.8546
NOK 11.807339
NPR 167.554553
NZD 2.0133
OMR 0.447205
PAB 1.164645
PEN 3.916024
PGK 4.942125
PHP 68.873221
PKR 326.467224
PLN 4.22708
PYG 8143.679386
QAR 4.244794
RON 5.090194
RSD 117.454302
RUB 89.773981
RWF 1695.049552
SAR 4.364119
SBD 9.572795
SCR 16.435764
SDG 699.59103
SEK 10.894557
SGD 1.507322
SHP 0.872607
SLE 28.031404
SLL 24389.095877
SOS 664.43702
SRD 44.918531
STD 24073.30113
STN 24.50558
SVC 10.190145
SYP 12860.070988
SZL 19.854094
THB 37.00032
TJS 10.731859
TMT 4.082393
TND 3.423221
TOP 2.800405
TRY 49.540704
TTD 7.887627
TWD 36.304242
TZS 2845.595197
UAH 49.163739
UGX 4125.868572
USD 1.163075
UYU 45.509581
UZS 13978.942826
VES 299.615391
VND 30663.305312
VUV 141.481394
WST 3.239754
XAF 656.092299
XAG 0.018957
XAU 0.000276
XCD 3.143269
XCG 2.098942
XDR 0.815968
XOF 656.092299
XPF 119.331742
YER 277.422482
ZAR 19.817109
ZMK 10469.073263
ZMW 26.931554
ZWL 374.509627
  • RBGPF

    -1.0600

    78.05

    -1.36%

  • BCC

    0.1900

    72

    +0.26%

  • RYCEF

    -0.2300

    14.6

    -1.58%

  • BCE

    -0.1900

    23.15

    -0.82%

  • RIO

    1.3800

    74.4

    +1.85%

  • NGG

    -0.4400

    74.89

    -0.59%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0200

    23.24

    +0.09%

  • CMSD

    0.0500

    23.22

    +0.22%

  • VOD

    0.0000

    12.5

    0%

  • RELX

    0.0600

    39.54

    +0.15%

  • JRI

    -0.0190

    13.701

    -0.14%

  • BTI

    -0.1200

    57.29

    -0.21%

  • GSK

    -1.2000

    47.27

    -2.54%

  • AZN

    -1.4600

    89.82

    -1.63%

  • BP

    -0.2300

    35.55

    -0.65%

Fossil fuel plans by producing nations threatens 1.5C limit: UN
Fossil fuel plans by producing nations threatens 1.5C limit: UN / Photo: Patrick T. FALLON - AFP/File

Fossil fuel plans by producing nations threatens 1.5C limit: UN

Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond the Paris deal's 1.5C global warming limit, 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 and COP28 host United Arab Emirates -- are heading in the opposite direction.

Overall it found that governments' plans would produce 110 percent more fossil fuels  in 2030  than would be consistent with limiting warming to 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 planet-heating carbon 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, and even the Paris Agreement does not explicitly talk about how to reach the targets it sets.

That has led to a "large discrepancy" between governments' production plans and the need to rapidly move away from fossil fuels to meet global climate goals, said Ploy Achakulwisut, a lead author on the UNEP report and Stockholm Environment Institute scientist.

- 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.

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 in line with the 1.5C limit.

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.

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.

China, the world leader in renewable power, is committed to peaking emissions by 2030 and becoming carbon-neutral by 2060.

- '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 emission 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".

Fossil fuels and the emissions they cause are expected to dominate at the meeting 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.

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.

Achakulwisut told AFP that many countries had used the conflict in Ukraine to double down on fossil fuels, but said a more durable solution for the climate and economy was the transition to clean energy.

"What our society needs is energy, it's not fossil fuels," she said.

S.Mohideen--DT