To follow a 1.5°C-consistent pathway, the world will need to decrease fossil fuel production by roughly 6% per year between 2020 and 2030. Countries are instead planning and projecting an average annual increase of 2%, which by 2030 would result in more than double the production consistent with the 1.5°C limit.
The coronavirus pandemic has sent global energy demand plummeting, and led many analysts and oil executives to conclude that a transition away from fossil fuels is marching nearer. But a new United Nations report says the world’s leading fossil fuel producers still appear set on expanding their output to levels that would send temperatures soaring past global climate goals.
The report, published Wednesday by the U.N. Environment Program and written by researchers from several universities, think tanks and advocacy groups, looked at national plans and projections for fossil fuel production. It found that […]