Study: Fossil fuel plans would far overshoot climate goals

LONDON (AP) — The world needs to cut by more than half its production of coal, oil and gas in the coming decade to maintain a chance of keeping global warming from reaching dangerous levels, according to a U.N.-backed study released Wednesday.

The report published by the U.N. Environment Program found that while governments have made ambitious pledges to curb greenhouse gas emissions, they are still planning to extract double the amount of fossil fuels in 2030 than what would be consistent with the 2015 Paris climate accord’s goal of keeping the global temperature rise below 1.5 degrees Celsius (2.7 degrees Fahrenheit).

Even the less ambitious goal of capping global warming at 2 degrees C (3.6 degrees Fahrenheit) by the end of the century compared to pre-industrial times would be overshot, it said.

Climate experts say the world must stop adding to the total amount of greenhouse gas in the atmosphere by 2050, and that can only be done by drastically reducing the burning of fossil fuels as soon as possible, among other measures.

The report, which was released days before a U.N. climate summit begins Oct. 31 in Glasgow, found most major oil and gas producers — and even some major coal producers — are planning on increasing production until 2030 or even beyond.

It also concluded that the group of 20 major industrialized and emerging economies have invested more into new fossil fuel projects than into clean energy since the start of 2020.

The disparity between climate goals and fossil fuel extraction plans — termed the “production gap” — will widen until at least 2040, the report found.

This would require increasingly steep and extreme measures to meet the Paris emissions goal, UNEP said.

“There is still time to limit long term warming to 1.5°C, but this window of...