Big fossil fuel producers’ plans far exceed climate targets, U.N. says – Reuters

  • Date: 20-Oct-2021
  • Source: Reuters
  • Sector:Oil & Gas
  • Country:Gulf
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Big fossil fuel producers’ plans far exceed climate targets, U.N. says – Reuters

LONDON, Oct 20 (Reuters) - Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.

The U.N. Environment Programme's (UNEP) annual production gap report measures the difference between governments' planned production of fossil fuels and production levels which are consistent with meeting the temperature limits set in Paris.

Under the pact, nations have committed to a long-term goal of limiting average temperature rises to less than 2 degrees Celsius above pre-industrial levels and to attempt to limit them even further to 1.5C.