Fossil fuel production is on the rise. As world leaders vow stronger action against climate change, many countries are still planning to dramatically increase their reliance on oil, gas and coal in the decades ahead despite ambitious plans for renewable energy development around the globe.
If the world is going to hold global warming at 1.5 degrees Celsius, it’ll need a complete revolution in how we produce and use energy–essentially achieving “net-zero” emissions by 2050.
The International Energy Agency recently analyzed what would be needed for all nations’ fossil fuel use over three decades before they phase out greenhouse gases from now on as well: major cuts across every sector of industry with no new developments allowed outside those committed today or currently under construction (including coal mines).
In fact new data released this week from The United Nations Environment Programme (UNEP) found that 15 major fossil-fuel producing nations had submitted reports with regards to future mining or drilling projects which will take place between 2018 – 2029 including USA,Saudi Arabia, Russia, Canada China India Norway Scotland UK Argentina Venezuela Indonesia Malaysia Philippines South Africa Mexico Thailand Gabon Ghana Angola Zambia Iraq Tunisa Uganda Peru Belize El Salvador Sao Vicente.
Scientists and world leaders are increasingly convinced that holding global warming to 1.5 degrees Celsius is crucial if humanity wants the chance of avoiding ever more devastating consequences, such as a planet-wide climate catastrophe where heat waves become exponentially worse while extreme weather events continue on their current trajectory towards destruction with little hope for recovery in sight. The report found there are three main reasons why this should be so: firstly , scientists have steadily surpassed earlier predictions about how much carbon dioxide will affect average temperatures once anoxic periods return following industrialization; secondly, Although some regions might benefit from economic growth linked – through energy consumption or greater use out food production sectors which produce environmentally unsound manure fertilizers; third
The world is planning to produce 240 percent more coal, 57% more oil and 71% natural gas than would be needed in order for countries’ economies not to crumble. However, by 2030 with the increasing demand of these dirty fuels many could find themselves floundering if they don’t shift quickly enough into cleaner sources like solar power or hydrogen fuel cells that do not contribute significantly (or at all) towards climate change when used for electricity production.
Mirroring an earlier report published last year–the International Energy Agency projects global energy consumption will reach nearly 53 billion tons annually by 2040 Despite this increase there are some signs suggesting it may begin leveling off after 2020 due largelyto rising renewables costs which make fossil fuels uncompetitive without subsidies.
The future is now. In a new report by researchers at the Stockholm Environment Institute, it’s shown that even as countries like China and United States are expecting to cut back on coal extraction in coming decades- thanks largely due an increase renewable energy production – many nations still have no plan for what should happen once their current reserves run out.
A recent study from 2017 found 146 gigatonnes (or million tonnes) worth oil left globally; however less than 10% has been discovered so far! This means we’re likely heading towards peak demand before too long if nothing changes quickly enough with alternative forms of fuel such solar power or hydrogen fueled vehicles which could make today’s
- Fossil Fuel Drilling Plans Undermine Climate Pledges, U.N. Report Warns The New York Times
- Climate change: Fossil fuel production set to soar over next decade BBC News
- Overnight Energy & Environment — Presented by the American Petroleum Institute — Dems vow to keep emissions cuts | TheHill The Hill
- Despite climate change promises, governments plan to ramp up fossil fuel production NPR
- Fossil fuel production ‘dangerously out of sync’ with global climate targets, UN warns CNBC
- United Nations Framework Convention on Climate Change
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