World will overshoot 2030 coal limit: Production Gap Report

The Report

• Refers to  the disparity between the planned and projected production of fossil fuels by governments and the levels needed to align with the temperature goal of the Paris Agreement.

Prepared by 

• Stockholm Environment Institute (SEI), Climate Analytics, E3G, International Institute for Sustainable Development (IISD), and the UN Environment Programme (UNEP).

Timeframe

• Global coal production is expected to increase until 2030, while global oil and gas production will likely continue to grow until at least 2050. 

Assessment

• The report assesses the planned and projected production of coal, oil, and gas by governments around the world. It compares these levels to what is required to meet the temperature goal set by the Paris Agreement.

Policy and Financial Support

• The report suggests that most of these governments are still providing substantial policy and financial support for fossil fuel production. 

Government Actions

• Despite the global push towards reducing reliance on fossil fuels to combat climate change, the report highlights that these governments are continuing to prioritize and invest in fossil fuel production.

Impact on Emissions

• The ongoing support for fossil fuel production by these governments is likely to contribute to higher greenhouse gas emissions.

Environmental Concerns

• The report raises concerns about the environmental implications of this continued support for fossil fuel production.

Global Climate Goals

• The findings of the report suggest that the policies and financial support provided by these governments may hinder progress towards achieving the global climate goals outlined in the Paris Agreement.