Despite climate change promises, governments plan to ramp up fossil fuel production

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In this July 29, 2020 file photo, a view of a pump jack operating in an oil field in Midland, Texas.





Tony Gutierrez/AP



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Tony Gutierrez/AP





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In this Dec. 23, 2019 file photo, people carry their luggage as they wade through water during a high tide of 1.44 meters (4.72 feet), near the Rialto Bridge, in Venice, Italy.





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Specifically, the group of 20 major industrialized countries have directed nearly $300 billion in new funds toward those continued fossil fuel activities since the beginning of the COVID-19 pandemic — far more than they have toward clean energy efforts.

The U.S. specifically has shown a 17% planned increase of oil production and 12% with gas by 2030 compared to 2019 levels, according to Wednesday’s report.

And it again reminded the world that «global fossil fuel production must start declining immediately and steeply.»

Additionally, if carbon dioxide removal technologies fail to develop at a larger scale, or if methane emissions are not rapidly reduced, the gap between climate commitments and plans of governments will continue to expand, the report says.

Andersen said, «There is still time to limit long-term warming to 1.5 degrees C [above pre-industrial levels], but this window of opportunity is rapidly closing.»



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