Coal is the dirtiest fossil fuel, and is responsible for more than 0.3 degrees Celsius for the increase in global average temperatures of 1oC, making it the largest source of global temperature increase. UN climate change is currently driving emissions in countries where fossil fuels are burned, not where they are produced. The report notes that the United States, Russia and Canada are using fossil fuel exports to justify an increase in oil, gas and coal production. As part of the Paris regulations, countries have presented climate plans to reduce their emissions. However, decarbonization efforts focus primarily on reducing fossil fuel consumption through renewable energy sources, energy efficiency and low-carbon technologies, rather than reducing oil, gas and coal production. The IPCC warns that fossil fuel emissions will halve within 11 years if global warming is to be 1.5 degrees Above Pre-Industrial Levels. When fossil fuels are burned, they release large amounts of carbon dioxide, a greenhouse gas, into the air. Greenhouse gases capture heat in our atmosphere and cause global warming. The average global temperature has already increased by 1C. Warming of more than 1.5 degrees Celsius is likely to further increase sea levels, extreme weather conditions, biodiversity loss and species extinction, food shortages, health degradation and poverty for millions of people around the world. Fossil fuel companies remain big polluters who produce and sell fossil fuels, while scientists say we need a massive shift to renewable energy and efficiency.
In 2019, BP funded a promotional campaign on its low-carbon energy and cleaner natural gas. While advertising focused on clean energy, in reality, more than 96% of BP`s annual spending is still spent on oil and gas. And it`s certainly not just BP – it`s an industry-wide problem. „Despite more than two decades of climate policy, fossil fuel production has never been higher,“ said Mens Nilsson, Executive Director of SEI. „This report shows that continued government support for coal, oil and gas production is an important part of the problem. We`re in a deep hole – and we need to stop digging. In its latest report released Wednesday, the Agency outlined some steps governments can take to reverse the trend of fossil fuel production, including limiting new exploration and eliminating subsidies for fossil fuel producers. The world is on track to produce far more fossil fuels than is allowed to achieve its goal of limiting global warming to a maximum of 2 degrees Celsisus and ideally 1.5 degrees Celsius. The projected production of fossil fuels by 2030 is about 50% too high to limit global warming to 2 degrees Celsius, according to the report, and is more than twice as high as needed to limit warming to 1.5 degrees Celsius. The agreement calls for a drastic reduction in fossil fuel production,“ the authors write. „Subsidies to companies using fossil fuels are huge financial, institutional and political barriers to this transition and hinder the effectiveness of strategies to reduce greenhouse gas emissions.“ Economist Andrew Simms, co-director of the New Weather Institute, and Peter Newell, professor of international relations at the Centre for Global Political Economy at the University of Sussex in the United Kingdom, had previously called for the development of a fossil fuel non-proliferation treaty to limit the supply of fossil fuels.
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