Despite increased climate ambition and net-zero commitments, governments still plan to produce more than double the amount of energy from fossil fuels in 2030, than the amount that would limit global warming to the Paris Agreement level of 1.5°C.
That’s according to the 2021 Production Gap Report, released this Wednesday by leading research institutes and the UN Environment Programme (UNEP).
Over the next two decades, governments are projecting an increase in global oil and gas production, and only a modest decrease in coal production.
Taken together, these plans mean that fossil fuel production will increase overall, to at least 2040.
For lead author of the report, Ploy Achakulwisut, the research is clear: “Global coal, oil, and gas production must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5°C.” More
The COP26 climate change conference must be “a turning point” if countries are to limit global temperature rise in line with the Paris Agreement, UN Secretary-General António Guterres said on Tuesday.
Addressing members of the Coalition of Finance Ministers for Climate Action, he highlighted their critical role as the conference date fast approaches.
“As Ministers of Finance, you hold the key to success for COP26 and beyond,” he said in a video message to their latest meeting, held from Washington, DC. “Your decisions and actions in the coming weeks will determine whether the global economic recovery will be low-carbon, resilient and inclusive or whether it will lock-in fossil fuel-intensive investments with high risks of stranded assets,” he added.
The UN chief further called for ministers to support development of the Multidimensional Vulnerability Index, aimed at helping Small Island Developing States to access concessional financing. More
UN Climate Change News, 31 May 2021 Against the backdrop of a new international warning that the world is dangerously close to exceeding the Paris Agreement goal of limiting global temperature rise at 1.5C, governments today began three weeks (May 31 to June 17, 2021) of virtual discussions designed to pave the way for a successful UN Climate Change Conference (COP26) this November in Glasgow.
Following a year of limited and informal virtual meetings in 2020 due to COVID-19, these subsidiary body meetings provide governments with opportunities to make progress on several outstanding technical issues that are key to achieving success at COP26, implementing the Paris Agreement and ultimately limiting global temperatures to 1.5C. More