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39m ago

New Report Finds Fossil Fuel Plans Overshoot 1.5°C Pathway by 120% in 2030

Researchers warn of emissions lock-in from expansion, with subsidies under fire ahead of the Belém climate summit.

Anlagen zur Rohölverarbeitung auf dem Gelände der PCK-Raffinerie GmbH in Brandenburg.
Die Zusagen im Pariser Klimaabkommen und die Pläne von Staaten zur Nutzung fossiler Energien klaffen laut einer Studie immer noch weit auseinander.
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Overview

  • Planned extraction by 2030 is about 120% above levels compatible with a 1.5°C pathway and roughly 77% above a 2°C pathway, with the gap growing by around ten percentage points since 2023.
  • The analysis covers 20 producer countries responsible for about 80% of global output, with 17 planning to raise production by 2030 and several expanding more than they projected in 2023.
  • Russia, Qatar and the United States are cited for gas increases, India and China for coal, and Saudi Arabia, Brazil and the United States for oil.
  • Authors say coal may decline before 2030, yet oil and gas are set to grow to 2050, increasing risks that new infrastructure will lock in higher emissions.
  • The report urges governments to reverse expansion in upcoming climate targets, calling public funding for fossil projects “misinvestments” that will intensify the scale of cuts required after 2030.