Uproar in Ghana after president unveils his own statue    Putin hails 'courageous' Trump after election win    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    SR 3.95 million fines for 3 employees of a company and 6-month jail for one for violating Capital Market Law    Qassim emir launches 52 health projects costing a total of SR456 million    BD and INS partner to elevate standards of infusion care in MENAT    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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.