The China Mail - Fossil fuel plans by producing nations threaten global climate goals: UN

USD -
AED 3.673015
AFN 71.999821
ALL 86.650078
AMD 390.940493
ANG 1.80229
AOA 917.495625
ARS 1092.613713
AUD 1.553565
AWG 1.8
AZN 1.712686
BAM 1.720686
BBD 2.017877
BDT 121.428069
BGN 1.72105
BHD 0.376865
BIF 2930
BMD 1
BND 1.312071
BOB 6.906563
BRL 5.808095
BSD 0.999437
BTN 85.314611
BWP 13.77569
BYN 3.270808
BYR 19600
BZD 2.007496
CAD 1.37972
CDF 2876.999857
CHF 0.807905
CLF 0.02506
CLP 961.649738
CNY 7.3039
CNH 7.30991
COP 4277
CRC 502.269848
CUC 1
CUP 26.5
CVE 97.382409
CZK 21.689904
DJF 177.720028
DKK 6.47185
DOP 60.50998
DZD 131.623946
EGP 51.111564
ERN 15
ETB 133.023649
EUR 0.86663
FJD 2.24575
FKP 0.747304
GBP 0.74536
GEL 2.745007
GGP 0.747304
GHS 15.560441
GIP 0.747304
GMD 71.496816
GNF 8655.508288
GTQ 7.698128
GYD 209.656701
HKD 7.75874
HNL 25.849387
HRK 6.527403
HTG 130.419482
HUF 352.904031
IDR 16855.25
ILS 3.72496
IMP 0.747304
INR 85.075505
IQD 1310
IRR 42124.999662
ISK 125.759547
JEP 0.747304
JMD 157.965583
JOD 0.709296
JPY 139.953497
KES 129.750453
KGS 87.233503
KHR 4014.999764
KMF 433.497406
KPW 900.060306
KRW 1418.659713
KWD 0.305991
KYD 0.832893
KZT 523.173564
LAK 21687.500738
LBP 89599.999867
LKR 298.915224
LRD 199.974986
LSL 18.856894
LTL 2.95274
LVL 0.60489
LYD 5.470496
MAD 9.274978
MDL 17.289555
MGA 4552.892736
MKD 53.362418
MMK 2099.542767
MNT 3539.927763
MOP 7.990393
MRU 39.435529
MUR 44.510221
MVR 15.398613
MWK 1735.999848
MXN 19.661835
MYR 4.377503
MZN 63.905002
NAD 18.856894
NGN 1604.240086
NIO 36.775056
NOK 10.330875
NPR 136.503202
NZD 1.660505
OMR 0.385028
PAB 0.999437
PEN 3.76303
PGK 4.133235
PHP 56.584504
PKR 280.603439
PLN 3.702529
PYG 7999.894426
QAR 3.640598
RON 4.314297
RSD 103.137317
RUB 81.484509
RWF 1415
SAR 3.75162
SBD 8.326764
SCR 14.230564
SDG 600.50203
SEK 9.506795
SGD 1.304441
SHP 0.785843
SLE 22.774969
SLL 20969.483762
SOS 571.501654
SRD 37.150296
STD 20697.981008
SVC 8.745073
SYP 13001.950927
SZL 18.820234
THB 33.141497
TJS 10.733754
TMT 3.5
TND 2.988038
TOP 2.342099
TRY 38.258697
TTD 6.781391
TWD 32.458498
TZS 2684.999687
UAH 41.417687
UGX 3663.55798
UYU 41.913007
UZS 12914.999764
VES 80.85863
VND 25915
VUV 120.379945
WST 2.787305
XAF 577.111964
XAG 0.030436
XAU 0.000286
XCD 2.70255
XDR 0.709959
XOF 575.000004
XPF 102.775034
YER 245.249652
ZAR 18.675871
ZMK 9001.197294
ZMW 28.458439
ZWL 321.999592
  • RBGPF

    63.5900

    63.59

    +100%

  • AZN

    -0.6900

    66.9

    -1.03%

  • CMSC

    -0.1100

    21.71

    -0.51%

  • RYCEF

    0.0200

    9.31

    +0.21%

  • NGG

    0.7900

    72.9

    +1.08%

  • BCC

    -2.6700

    90.8

    -2.94%

  • GSK

    0.5200

    36.45

    +1.43%

  • SCS

    -0.3400

    9.42

    -3.61%

  • BTI

    0.1800

    42.55

    +0.42%

  • RIO

    0.3000

    58.47

    +0.51%

  • VOD

    -0.0800

    9.23

    -0.87%

  • RELX

    -0.1300

    52.07

    -0.25%

  • JRI

    -0.2700

    12.13

    -2.23%

  • BCE

    0.3400

    22.38

    +1.52%

  • CMSD

    -0.1400

    21.82

    -0.64%

  • BP

    -0.2400

    28.08

    -0.85%

Fossil fuel plans by producing nations threaten global climate goals: UN
Fossil fuel plans by producing nations threaten global climate goals: UN / Photo: © AFP/File

Fossil fuel plans by producing nations threaten global climate goals: UN

Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond agreed global warming limits and are "throwing humanity's future into question", the UN warned Wednesday.

Text size:

The future of fossil fuels will be a key flashpoint when world leaders meet at the COP28 climate conference later this month, tasked with salvaging the world's agreed temperature thresholds.

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target that should align with the Paris Agreement's aims to limit global warming to well below two degrees Celsius (2.7 degrees Fahrenheit) since the pre-industrial era, and preferably a safer 1.5C.

But the annual United Nations Environment Programme (UNEP) Production Gap report makes it clear that the production plans of the top 20 producing countries -- including the United States, China, Russia, Australia, India and COP28 host United Arab Emirates -- are heading in the opposite direction.

It found that planned increases in production in these countries would produce 460 percent more coal, 82 percent more gas, and 29 percent more oil than would be consistent with limiting warming to 1.5C.

Overall it found that governments' plans would produce 110 percent more fossil fuels  in 2030  than would be in line with 1.5C, and 69 percent more than would be consistent with 2C.

"Governments' plans to expand fossil fuel production are undermining the energy transition needed to achieve net-zero emissions, throwing humanity's future into question," said Inger Andersen, UNEP Executive Director.

"Starting at COP28, nations must unite behind a managed and equitable phase-out of coal, oil and gas -- to ease the turbulence ahead and benefit every person on this planet."

Burning fossil fuels is by far the main cause of climate change, accounting for most of the pollution driving global warming and the ensuing barrage of temperature records, devastating weather disasters and sea level rise.

But countries have been reluctant to officially acknowledge this in global climate negotiations.

A statement from UN Secretary-General Antonio Guterres said the report was a "startling indictment of runaway climate carelessness".

"COP28 must send a clear signal that the fossil fuel age is out of gas –- that its end is inevitable," he said.

- Big emitters -

The UNEP report covers 20 countries that account for 82 percent of production and 73 percent of consumption of the world's fossil fuel supply.

The report said the United States -- the top oil and gas producer globally -- has encouraged accelerated domestic production of oil and gas since Russia's invasion of Ukraine, even as it ramped up climate policies.

US authorities forecast oil production will reach and remain at "record high levels" from 2024 to 2050, with gas production continuously increasing, the report said.

Meanwhile, UNEP said the world's biggest emitter China produces just over half of the world's supply of coal, the most polluting of the fossil fuels, as well as being a world leader in renewables.

Its domestic coal production reached a record in 2022 of around 4.5 billion tonnes, the report said, adding that production was expected to peak this decade.

- 'Hypocrisy' -

Two years ago at the COP26 meeting in Glasgow countries agreed to "phase-down unabated coal power", the first time a fossil fuel had been explicitly mentioned in the negotiated agreement. Abated generally means to capture emissions before they go into the atmosphere.

UNEP hailed that pledge as a "significant milestone" but noted that since then production and use of fossil fuels have "reached record high levels".

The report "exposes the glaring hypocrisy at the heart of global climate action", said Harjeet Singh, head of global political strategy at Climate Action Network International, calling for wealthy polluters to lead by example.

Fossil fuels and the emissions they cause are expected to dominate climate talks in oil-rich UAE from November 30 to December 12.

The incoming COP28 president Sultan Al Jaber, who also leads the state-owned oil firm ADNOC, has said phasing down all fossil fuels is "inevitable and essential".

But the UAE has no concrete policies to support a "managed wind-down" of its own fossil fuels, the UNEP report found, noting plans by ADNOC to boost oil production capacity by 2027 as part of a $150 billion investment plan.

"World leaders can no longer look away from the undeniable truth: to meet the Paris temperature goal we need a managed and equitable phase-out of fossil fuel production," said Alex Rafalowicz, of the Fossil Fuel Non-Proliferation Treaty Initiative, which has been spearheaded by vulnerable island nations.

"People talk about a transition but it's not a transition if you're expanding the problem, and the UN is clear today -- the hole we're in is just getting bigger."

C.Fong--ThChM