"Insanity" - Planned Global FF Development Beyond 1.5C Climate Goal: Coal - 460%; Oil 29%, Gas 83%

[hatrack]

The world’s fossil fuel producers are planning expansions that would blow the planet’s carbon budget twice over, a UN report has found. Experts called the plans “insanity” which “throw humanity’s future into question”. The energy plans of the petrostates contradicted their climate policies and pledges, the report said. The plans would lead to 460% more coal production, 83% more gas, and 29% more oil in 2030 than it was possible to burn if global temperature rise was to be kept to the internationally agreed 1.5C. The plans would also produce 69% more fossil fuels than is compatible with the riskier 2C target.

The countries responsible for the largest carbon emissions from planned fossil fuel production are India (coal), Saudi Arabia (oil) and Russia (coal, oil and gas). The US and Canada are also planning to be major oil producers, as is the United Arab Emirates. The UAE is hosting the crucial UN climate summit Cop28, which starts on 30 November. The report sets out starkly the fundamental conflict driving the climate crisis: fossil fuel burning must rapidly be cut down to zero, yet petrostates and companies intend to keep on making trillions of dollars a year by increasing production.

EDIT

After Saudi Arabia, the US, Brazil and Canada have the next biggest oil expansion plans and the Cop28 host UAE is seventh on the list. Qatar has the biggest gas expansion plans and Nigeria is third, after Russia. India’s coal expansion plans are enormous: three times that of second-placed Russia, with Indonesia in third and Australia in fifth. Overall, only four countries have plans under which overall emissions from the fossil fuels they produce would fall: the UK, China, Norway and Germany. The report said relying on uncertain future technology to capture CO2 and put it back underground was risky: “Countries should aim for a near total phase-out of coal production and use by 2040, and a combined reduction in oil and gas production and use by three-quarters by 2050, at a minimum.”

EDIT

https://www.theguardian.com/environment/2023/nov/08/insanity-petrostates-planning-huge-expansion-of-fossil-fuels-says-un-report

[Think. Again.]

1. You can't say it isn't 'interesting'....

...we are, right now, living through one period in all of humanity's history in which we are making decisions that could possibly devastate our functioning societies.

[Brenda]

4. No doubt about that, my friend.

There are definitely two sets of humans on this planet right now. One educated group who try as they might can't seem to make any difference in the way governments and corporations respond to the crisis except for tiny steps or total greenwashing. The other group includes the ignorant (by choice or lack of education), the misled (by fascists and religious elements) and the misleaders (for money and power).

Maybe the zombie fad is really a prequel to our future?

[redqueen]

2. oil and gas production had increased during Biden's presidency

I am about out of hope at this point. Ready to join the doomers, but NOT using that as excuse to eat meat, stop recycling, etc. people who do that make me so angry.

[hunter]

3. There's more than enough natural gas in the ground to destroy this world as we know it.

We should leave it in the ground.

I consider natural gas the greatest threat to our world civilization, largely because too many people think gas is "better than coal" and it supports their renewable energy follies.

I live in a state with aggressive "renewable energy" programs, but we largely depend on natural gas for our power whenever the sun is not shining or the wind is not blowing.

At this moment 32% of my electricity comes from natural gas power plants.

https://www.caiso.com/TodaysOutlook/Pages/supply.html