Business Standard

Fossil fuel plans evade Paris limits, says UNEP report

Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production

fossil fuels, solar, renewable, pollution, climate, environment
Premium

The devastating impacts of climate change are here for all to see. (Photo: Bloomberg)

BS Reporter
Despite inc­reased climate am­bitions and net-zero commitments, governments still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5°C, acc­ording to the 2021 Production Gap Report by leading rese­a­r­ch institutes and the UN En­v­­i­ron­ment Programme (UNEP).
 
The report, first launched in 2019, measures the gap between governments’ plan­ned production of coal, oil, and gas and the global production levels consistent with meeting the Paris Agreement temperature limits. Two years later, the report released on Wednesday found the produ­ction gap largely unchanged.
 
Over the next

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in