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UN: Planned fossil fuel production remains dangerously out of sync


Geneva, 21 October 2021 (TDI): The Government’s plan to produce more than twice the amount of fossil fuels by 2030, which will be consistent with limiting warming to 1.5 C. The manufacturing gap has remained relatively unchanged since the first analysis report in 2019.

The first United Nations Report presented and measured the Production Gap in 2019. Finding out that the world government plans to produce more fuel than is in line with their commitment to the Paris Agreement to reduce global warming. In the next two years, the climate crisis will be more urgent than ever before. Governments continue to bet on getting more coal, oil, and gas than with the agreed-upon climate limits.

This year’s analysis (2021) presents the first comprehensive review of the production gap analysis since the 2019 survey. It follows how governments around the world support oil production through their policies, investments, and other means. Moreover, it covers how they begin to negotiate and formulate policies for sustainable and equitable change away from oil production.

Global Oil Production Gap

Global oil production should begin to decline immediately and steeply in order to keep the long-term warming limit at 1.5 C. However, governments as a whole estimate that global oil and gas production will increase. A slight decline in coal production over the next two decades. This has led to future production levels much higher than those associated with a temperature limit of 1.5 C or 2 C.

Global fossil fuel production must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5°C.

By 2030, government production and speculation plans will lead to 240 percent coal, 57 percent more oil, and 71 percent more electricity in line with global warming to 1.5 C . Government has an important role to play in closing the production gap. In addition to strengthening measures to reduce mineral energy demand. Governments must also take steps to ensure a controlled and equitable decline in production.

While existing public display systems shed some light on fuel production. The information available is incomplete, inconsistent, and widespread. Addressing the production gap requires the government to be more proactive in its plans for and production of oil, gas, and coal production.

Hasnat Ahmad
Hasnat Ahmadhttps://thediplomaticinsight.com/
Accomplished and intelligent Economist with a significant amount of expertise in International Trade & Finance

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