The China Mail - Fossil fuel plans by producing nations threatens 1.5C limit: UN

USD -
AED 3.67295
AFN 70.122336
ALL 88.355584
AMD 387.711072
ANG 1.80229
AOA 917.00022
ARS 1127.525507
AUD 1.56544
AWG 1.8
AZN 1.696448
BAM 1.761768
BBD 2.015296
BDT 121.265623
BGN 1.764295
BHD 0.37699
BIF 2969.569212
BMD 1
BND 1.304975
BOB 6.92193
BRL 5.676498
BSD 0.998144
BTN 84.785507
BWP 13.625861
BYN 3.26649
BYR 19600
BZD 2.004873
CAD 1.39854
CDF 2872.000316
CHF 0.84359
CLF 0.024413
CLP 936.820031
CNY 7.237296
CNH 7.205585
COP 4236.71
CRC 506.909536
CUC 1
CUP 26.5
CVE 99.325758
CZK 22.492989
DJF 177.742143
DKK 6.716871
DOP 58.708538
DZD 133.746997
EGP 50.479299
ERN 15
ETB 135.086637
EUR 0.900455
FJD 2.269204
FKP 0.751765
GBP 0.75897
GEL 2.745005
GGP 0.751765
GHS 12.92502
GIP 0.751765
GMD 71.497543
GNF 8643.993749
GTQ 7.676855
GYD 208.831253
HKD 7.79164
HNL 25.928378
HRK 6.783297
HTG 130.551502
HUF 365.639865
IDR 16639
ILS 3.54868
IMP 0.751765
INR 84.85405
IQD 1307.496892
IRR 42100.000077
ISK 131.901711
JEP 0.751765
JMD 158.647372
JOD 0.709401
JPY 148.082504
KES 129.150007
KGS 87.449758
KHR 3994.252744
KMF 436.500748
KPW 899.999977
KRW 1419.255016
KWD 0.30739
KYD 0.831723
KZT 510.585013
LAK 21580.135033
LBP 89428.92275
LKR 298.3082
LRD 199.620757
LSL 18.294547
LTL 2.95274
LVL 0.60489
LYD 5.469605
MAD 9.312921
MDL 17.266835
MGA 4486.102541
MKD 55.451157
MMK 2099.691958
MNT 3573.956258
MOP 8.011224
MRU 39.554104
MUR 45.709788
MVR 15.401353
MWK 1730.807344
MXN 19.54048
MYR 4.296973
MZN 63.897181
NAD 18.295948
NGN 1602.847361
NIO 36.726752
NOK 10.440325
NPR 135.656631
NZD 1.702084
OMR 0.384994
PAB 0.998113
PEN 3.646011
PGK 4.142739
PHP 55.72503
PKR 280.971299
PLN 3.817325
PYG 7974.777615
QAR 3.641932
RON 4.593499
RSD 105.588887
RUB 81.037817
RWF 1428.783764
SAR 3.750984
SBD 8.343881
SCR 14.202259
SDG 600.447903
SEK 9.80086
SGD 1.305985
SHP 0.785843
SLE 22.750024
SLL 20969.483762
SOS 570.419617
SRD 36.702504
STD 20697.981008
SVC 8.733172
SYP 13001.862587
SZL 18.292705
THB 33.470568
TJS 10.400007
TMT 3.51
TND 3.037043
TOP 2.342101
TRY 38.772515
TTD 6.775309
TWD 30.397398
TZS 2694.227951
UAH 41.462525
UGX 3652.676002
UYU 41.715647
UZS 12855.309087
VES 92.71499
VND 25971
VUV 121.003465
WST 2.778524
XAF 590.90168
XAG 0.031012
XAU 0.00031
XCD 2.70255
XDR 0.724866
XOF 590.880388
XPF 107.429344
YER 244.449848
ZAR 18.311785
ZMK 9001.193065
ZMW 26.279733
ZWL 321.999592
  • RBGPF

    65.2700

    65.27

    +100%

  • NGG

    0.5100

    70.69

    +0.72%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • RYCEF

    0.0500

    10.55

    +0.47%

  • AZN

    0.2700

    67.57

    +0.4%

  • VOD

    0.0500

    9.3

    +0.54%

  • SCS

    -0.0200

    10.46

    -0.19%

  • BCC

    -0.9600

    88.62

    -1.08%

  • RIO

    0.8000

    59.98

    +1.33%

  • GSK

    -0.2500

    36.62

    -0.68%

  • RELX

    0.3486

    53.85

    +0.65%

  • CMSD

    0.0100

    22.34

    +0.04%

  • BTI

    -1.6600

    41.64

    -3.99%

  • JRI

    0.0300

    12.98

    +0.23%

  • BCE

    0.4800

    22.71

    +2.11%

  • BP

    1.1800

    29.77

    +3.96%

Fossil fuel plans by producing nations threatens 1.5C limit: UN
Fossil fuel plans by producing nations threatens 1.5C limit: UN / Photo: © 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.

X.So--ThChM