"It is imperative that fossil fuel-producing nations recognize their role and responsibility in closing the production gap and steering us towards a safe climate future. A UN group set up to crack down on the greenwashing of net zero pledges by industry and government has called for red lines to stop support for new fossil fuel exploration and. "Governments have a key role to play here," Måns Nilsson, executive director of the Stockholm Environment Institute, said in the report. To close that gap, the report urges governments to make concrete plans for winding down fossil fuel extraction, starting with state-owned companies, which are responsible for more than half the world's extraction of such fuels. A UN group set up to crack down on the greenwashing of net zero pledges by industry and government has called for red lines to stop support for new fossil fuel exploration and overuse of. (Indeed, Americans' use of coal is set to increase modestly this year - the first time in seven years that annual use of the energy source has risen.) Instead, production of oil and gas is set to increase, while coal production is projected to drop only modestly. 11:59am China Policy Q&A: What does China’s new Paris Agreement pledge mean for climate change Two days prior to the start of COP26 last month, China submitted its updated 2030 climate pledge and a new long-term climate strategy (LTS) to the UN. To have a chance of limiting the temperature increases to 1.5 degrees, production of coal needs to drop by 11% every year between 20, while production of oil and gas needs to drop by 4% and 3%, respectively, the report finds. While these mitigation efforts, such as developing carbon-capture technology and reducing methane leaks, are important, they fall far short of the changes science demands if global temperatures are to stay at a livable level.Drilling rigs are parked up in the Cromarty Firth near Invergordon, Scotland, Britain January. So far, climate efforts from major fossil fuel extractors, including industry, have "focused on extracting fossil fuels in less-polluting ways, not on winding down production levels in line with climate goals," the report said. E arlier this month, the UN announced it will require fossil fuel lobbyists to identify themselves as such when registering for the Cop28 climate summit. The so-called production gap the difference between countries' climate pledges and their fossil-fuel production plans hasn't budged since the UN first examined it in 2019, indicating.
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