Fuel Supply: Pre-Industrial Levels and Temperature Rise

fuel supply: Instead, countries are planning an average annual increase of 2%, which by 2030 would result in more than double the production consistent with the 1.5 C limit, the report said, according to The Japan Times. Between 2020 and 2030, global coal, oil, and gas production would have to fall annually by 11%, 4%, and 3% respectively to be consistent with a 1.5 C pathway. Some of the largest fossil fuel producers in the world, including Australia, China, Canada and the United States, are among those pursuing major expansions in fossil fuel supply. ; Under the 2015 Paris Agreement, nations have committed to a long-term goal of limiting average temperature rise to below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit it even further to 1.5 C. The 1.5 C target requires fossil fuel production to decrease by around 6% per year between 2020 and 2030. But government plans indicate an average 2% annual increase for each fuel. The report was produced by the United Nations Environment Program as well as experts from the Stockholm Environment Institute, the International Institute for Sustainable Development, the Overseas Development Institute, think tank E3G and universities. This gap is large, with countries aiming to produce 120% more fossil fuels by 2030 than would be consistent with limiting global warming to 1.5C, the report said. (news.financializer.com). As reported in the news.

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