Fossil fuel production far exceeds climate targets, UN says

DM

The world’s governments plan to produce more than double the amount of coal, oil and gas in 2030 than would be consistent with curbing global warming, the United Nations and research groups said on Wednesday in the latest warning over climate change. Some of the largest fossil fuel producers in the world, including Australia, China, Canada and the United States, are among those pursuing major expansions in fossil fuel supply. Under the 2015 Paris Agreement, countries have committed to a long-term goal of limiting average temperature rise to below 2 C above pre-industrial levels and to pursue efforts to limit it even further to 1.5 C. The United States is expected to rejoin the agreement when Joe Biden becomes president on Jan. 20. This requires fossil fuel production decreasing by around six per cent per year between 2020 and 2030.

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