Custodian of the Two Holy Mosques Condoles Russian President on Victims of an Accident inside a Coal Mine in Siberia    KSrelief Mobile Medical Clinics Continue Providing Treatment Services for Patients in Abs District, Yemen    Ministry of Health Reports 29 New COVID-19 Cases, 40 Recoveries in Saudi Arabia    Saudi Arabia to issue Umrah permit for all foreign pilgrims aged 18 and above    Brazil Records 12,392 New Cases of COVID-19    UNESCO Elects Princess Haifa Al Meqrin to Chair Programs and External Relations Committee    President of Latvia Visits Saudi Arabia's Pavilion at "Expo 2020 Dubai"    Taliban says to resume talks with US in Doha    UK coronavirus cases top 10 million amid concerns over new variant    Egypt reopens historical Avenue of Sphinxes in Luxor    GCC states make solid steps toward fourth industrial revolution: Al-Hajraf    Jordan Records 4,080 New COVID-19 Cases    Dr. Nayef Al-Hajraf: GCC States make Solid Steps towards Fourth Industrial Revolution since its Launch    Ministers laud Saudi-Indonesian consensus on spreading tolerance and moderation    Shoura committee discusses Culture Ministry's annual report    Poor countries face food crisis amid fertilizer shortage    Dubai hosts the world's largest run with 146,000 participants    Winter at Tantora line up announced    President, CEO of Saudi Arabian Fencing Federation to Participate in International Fencing Federation Congress    KSrelief Clinics Continue Providing Medical Services for Syrian Refugees in Zaatari Camp, Jordan    Israel bans entry from 7 African countries due to new COVID-19 variant    Saudi Arabia's finance minister rules out total privatization of health sector    Almarai tops food companies as the healthiest brands for 2021 in the UAE    Russia says it opposes politicizing Beijing Winter Olympics    193 countries adopt global agreement on the ethics of Artificial Intelligence    Fashion Commission to Host GFX in Riyadh    CERT Annual Conference, 9th Arab Regional Cybersecurity Summit Concluded    Saudi Stock Exchange Main Index Ends Trading Lower at 11,299 Points    Antimicrobial effectiveness leaning to 'tipping point' resistance – FAO    Pakistani saved after suicide attempt by swallowing cement mixture    French footballer Karim Benzema found guilty in sex tape blackmail scandal    Al Hilal beats Pohang to win AFC Champions League    Al-Hilal Wins AFC Champions League 2021    Adele wants you to listen to her album in order, and Spotify agrees    United Through Sports World Virtual Youth Festival Kicks off Tomorrow in Turaif District    SAFF Announces First Female Coach for KSA's First Women's Team    First Full International Marathon in Saudi Arabia to be Held in March 2022    Winter Wonderland Circus Amazes Audience with Thrilling Acrobatic Shows    Riyadh Art Launches Tuwaiq International Sculpture Symposium 2021    Royal Commission for AlUla Inaugurates AlUla Language Institute    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Bollywood superstar's son denied bail in drugs case    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Fossil fuel production 'dangerously out of sync' with climate change targets: UN
Published in The Saudi Gazette on 20 - 10 - 2021

With barely two weeks to go before the next round of climate talks begins, the United Nations Environment Program (UNEP) has said plans by governments to extract fossil fuels up to 2030 are incompatible with keeping global temperatures to safe levels.
The UNEP production gap report released on Wednesay says countries will drill or mine more than double the levels needed to keep the 1.5C threshold alive.
Oil and gas recovery is set to rise sharply with only a modest decrease in coal. There has been little change since the first report was published in 2019.
With the COP26 climate conference just over a week away, there is already a huge focus on the carbon-cutting ambitions of the biggest emitters.
Executive Director of UNEP Inger Andersen said, "There is still time to limit long-term warming to 1.5°C [above pre-industrial levels], but this window of opportunity is rapidly closing."
Andersen said that at the UN Climate Conference, COP26, taking place in early November in Glasgow, "governments must step up, taking rapid and immediate steps to close the fossil fuel production gap and ensure a just and equitable transition."
"This is what climate ambition looks like", she said.
This year's report provides profiles for 15 major producer countries, showing that most will continue to support fossil fuel production growth.
Reacting to the report, the UN Secretary General Antonio Guterres highlighted recent announcements by the world's largest economies to end financing of coal, calling them "a much-needed step" in phasing out fossil fuels.
But despite the flurry of net zero emission goals and the increased pledges of many countries, some of the biggest oil, gas and coal producers have not set out plans for the rapid reductions in fossil fuels that scientists say are necessary to limit temperatures in coming years.
Earlier this year, researchers from the Intergovernmental Panel on Climate Change (IPCC) warned of the dangers for humanity of allowing temperatures to rise by more than 1.5C this century. To keep under this threshold will require cuts in carbon emissions of around 45% by 2030 based on 2010 levels.
But instead of curbing carbon, many of the biggest emitting countries are also planning to significantly increase their production of fossil fuels, according to the UN.
The production gap report finds that countries plan to produce around 110% more fossil fuel than would be compatible with a 1.5C temperature rise by the end of this century. The plans are around 45% more than what's needed to keep the temperature rise to 2C.
According to the study, coal production will drop but gas will increase the most over the next 20 years, to levels that are simply incompatible with the Paris agreement.
Most governments continue to provide significant policy support for fossil fuel production, the authors say.
"The research is clear: global coal, oil, and gas production must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5C," says Ploy Achakulwisut, a lead author on the report from the Stockholm Environment Institute.
"However, governments continue to plan for and support levels of fossil fuel production that are vastly in excess of what we can safely burn."
While countries have devoted far more of their recovery spending after the Covid pandemic towards fossil fuel activities, there are some positives when it comes to financing.
Funding for oil, coal and gas from multilateral banks has decreased significantly in recent years -- and also from some of the richer nations.
"This report shows, once again, a simple but powerful truth: we need to stop pumping oil and gas from the ground if we are to meet the goals of the Paris Agreement," said Andrea Meza, Costa Rica's minister for environment and energy.
"We must cut with both hands of the scissors, addressing demand and supply of fossil fuels simultaneously. That is why, together with Denmark, we are leading the creation of the Beyond Oil and Gas Alliance to put an end to the expansion of fossil fuel extraction, plan a just transition for workers and start winding down existing production in a managed way." — Agencies


Clic here to read the story from its source.