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Fossil fuel production must drop 6% per year to limit global warming, report says

2020-12-03T07:04:24.407Z


The world must reduce fossil fuel production by 6% per year by 2030 to hope to limit global warming to + 1.5 ° C, while forecasts point to an increase, according to a report worried about investments post-Covid planned in this area. Read the report: The fight against global warming, the great challenge of the 21st century According to forecasts, the production of coal, oil and gas is expected to


The world must reduce fossil fuel production by 6% per year by 2030 to hope to limit global warming to + 1.5 ° C, while forecasts point to an increase, according to a report worried about investments post-Covid planned in this area.

Read the report: The fight against global warming, the great challenge of the 21st century

According to forecasts, the production of coal, oil and gas is expected to increase by 2% per year between 2020 and 2030, estimates the report produced by several research institutes and the United Nations Environment Program (UNEP).

As a result, the total in 2030 will be incompatible with the objectives of the Paris agreement on the climate: 50% too much not to exceed + 2 ° C compared to the pre-industrial era, more than double (120%) for + 1.5 ° C.

Not very encouraging post-Covid signs

These figures, based on the pre-Covid plans of the largest producers of fossil fuels (China, United States, Russia, etc.) are similar to those published in 2019 during the first edition of this report.

But this year, experts have integrated the uncertainties linked to the Covid-19 pandemic.

According to "

preliminary estimates

", the production of fossil fuels could decrease by 7% in 2020 compared to 2019, (8% for coal, 7% for oil and 3% for gas), indicates the report.

To stay below the target of + 1.5 ° C, this production would have to drop by around 6% each year by 2030 (11% for coal, 4% for oil and 3% for gas), he continues.

Our research clearly shows that we will face serious climate disruption if countries continue to produce fossil fuels at current levels, let alone their projected increases

,” insisted Michael Lazarus, senior author and director of the Stockholm Environment Institute.

But the first signs coming from the post-covid stimulus packages are not encouraging.

Government responses to the Covid-19 crisis have tended to intensify models that existed before the pandemic: those who already heavily subsidized fossil fuels have increased their support, and those who had greater commitments to clean energy use stimulus plans to accelerate this transition,

”the report notes.

"

Unfortunately, most of the major producing countries (of fossil fuels) are in the first category

."

Thus, in their measures to support the economy linked to Covid-19, the G20 governments have already committed $ 230 billion to sectors responsible for the production and consumption of fossil fuels (airlines, manufacturers automobiles ...) and only 130 billion towards clean energy, according to the report.

"

As we seek to revive economies following the Covid-19 pandemic, investing in low-carbon energy and infrastructure will be good for jobs, for economies, for health and for clean air

" , commented Inger Andersen, Executive Director of UNEP, calling on governments to "

seize the opportunity

" to "

build back better, for a future that is fairer, more sustainable and more resilient to future shocks

".

Source: lefigaro

All business articles on 2020-12-03

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