LONDON: The world needs to cut its production of coal, oil and gas by more than half in the coming decade to prevent global warming from reaching dangerous levels, according to a United Nations-backed study released on Wednesday.

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The report, published by the United Nations Environment Program, found that while governments have made ambitious pledges to curb greenhouse gas emissions, they still plan to double the amount of fossil fuels in 2030, which is part of the 2015 Paris climate agreement. would be in line with the target. Keeping global temperature rise below 1.5 °C (2.7 °F).

Even a less ambitious goal of limiting global warming to 2 °C (3.6 °F) by the end of the century compared to pre-industrial times would be overshot.

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Climate experts say the world should stop adding to the total amount of greenhouse gas in the atmosphere by 2050, and that can only be done by reducing the burning of fossil fuels as quickly as possible, along with other measures.

The report, which was released just days before the UN climate summit starting October 31 in Glasgow, found that most major oil and gas producers – and even some major coal producers – will Or are planning to increase production even further.

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It also concluded that the Group of 20 major industrial and emerging economies have invested more in new fossil fuel projects than in clean energy since the beginning of 2020.

The report finds that the disparity between climate targets and fossil fuel extraction plans – called the “production gap” – will widen by at least 2040.

UNEP said it would require increasingly harsh and extreme measures to meet the Paris emissions target.

“There is still time to limit long-term warming to 1.5 C, but this window of opportunity is rapidly closing,” said the agency’s executive director, Inger Andersen, adding that governments should differentiate between the Glasgow climate summit. Must be committed to closing.

The report, which was contributed by more than 40 researchers, examines 15 major fossil fuel producing countries.

For the United States, they found that government estimates show oil and gas production to increase by 17% and 12%, respectively, by 2030 compared to 2019 levels. Much of it will be exported, meaning emissions from burning those fossil fuels will not show up on the US list, although they will add to the global total.

US coal production is projected to decline 30% in the coming decade compared to 2019.

Costa Rica’s environment and energy minister said the report shows the need to stop extracting fossil fuels to meet the Paris goals.

Andrea Meza said, “We must cut with both hands of scissors while simultaneously addressing the demand and supply of fossil fuels.”

To fuel that effort, Costa Rica and Denmark are planning to launch a new group at the Glasgow summit, The Beyond Oil and Gas Alliance.