Despite frequent and devastating heat waves, droughts, floods and fire, major fossil fuel-producing countries still plan to extract more than double the amount of fossil fuels in 2030 than is consistent with the Paris climate accord’s goal for limiting global temperature rise, according to a United Nations-backed study released Wednesday.
Coal production needs to ramp sharply down to address climate change, but government plans and projections would lead to increases in global production until 2030, and in global oil and gas production until at least 2050, the Production Gap Report states. This conflicts with government commitments under the climate accord, which seeks to keep global temperature rise below 1.5 degrees Celsius (2.7 degrees Fahrenheit).
The report examines the disparity between climate goals and fossil fuel extraction plans, a gap that has remained largely unchanged since it was first quantified in 2019.
I remember being at aiche conference in 2018 I think, and there was a keynote speaker that helped draft the Paris agreement, talking about need to reduce co2 emissions and how they got their projections. Thus speaker was followed by speaker (VP of production or something) from Chvron or Shell and they basically presented that they see minimal to no change in oil demand or production, EVs will minimally reduce global consumption of oil and effectively for next 100 years they project business a usual for the most part…it was extremely depressing as I believe projections Shell/Chevron as they have the power behind them to maintain them, while the scientific community has to convince the average public to enact laws… Depressing…