Overall fossil fuel production is 45 per cent more than consistent with even the weaker goal of 2вЊ. The world will produce 240 per cent more coal, 57 per cent more oil and 71 per cent more gas in 2030 than is consistent with 1.5C. This is equal to 75 per cent of current levels of global coal production. Countries have plans to produce 5.3 billion tonnes more coal in 2030 than would be consistent with the median 1.5вЊ-warming pathway. The production gap is proportionally the largest for coal. Global plans are вЂbad signsвЂ™ for the warming world вЂњBut this discrepancy points to the urgent need for net-zero pledges to be translated into action to bring down fossil fuel production,вЂќ said MГҐns Nilsson, executive director, Stockholm Environment Institute. More than 130 countries have now set or are considering a target of reducing emissions to net-zero by mid-century. India and Russia are planning to increase their coal production, according to the report jointly produced by Stockholm Environment Institute, International Institute for Sustainable Development, think tank ODI and E3G, as well as UNEP. It said the governments are projecting an increase in global oil and gas production, and only a modest decrease in coal production. The report flagged that the gap between planned extraction of coal, oil and gas compared to safe limits was the sameВ as it was two years ago.

This is the third global assessment of the вЂњproduction gapвЂќ- the difference between government plans for fossil fuel production and the levels consistent with globally agreed climate limits including the Paris climate agreement. These countries plan to produce around 110 per cent more fossil fuels in 2030, it added. Most major oil and gas producing nations still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5вЊ, the Production gap report 2021 released Octoflagged. While the world needs to act now to limit long-term warming to 1.5 degrees Celsius, the window of opportunity seems to be rapidly closing.ДЄ new report by United Nations Environment Programme has now rung alarm bells: Governments are set to produce more fossil fuels than what the world requires to limit global warming toВ 1.5вЊ. The latest report by the Intergovernmental Panel on Climate Change (IPCC) was a reminder that the threats of climate change are real.

Unep geo 5 report