UNEP report: Fossil fuel plans evade Paris limits

United Nations Environment Programme (UNEP) recently released its report called “2021 Production Gap Report”. According to the report, government’s plan to produce fossil fuels will evade the Paris Deal limits.

Key Points

• Report measures the gap between “governments’ planned production of coal, gas & oil” and “global production levels in consistent with the limits of Paris Agreement”.
• As per report, despite inc­reasing climate am­bitions and net-zero commitments, governments are planning to produce more than double amount of fossil fuels in the year 2030 than what was required for limiting global warming to 1.5°C.
• It notes that, the production gap in unchanged.

How gap will increase?

Governments are collectively targeting for an increase in oil and gas production, over the next two decades. But there will only be a modest decrease in coal production. Thus, total fossil fuel production increasing out by 2040 which will create an ever-widening production gap.

About 2021 production gap report

This year the report presents first comprehensive update of production gap analysis since it was first launched in 2019. It tracks how governments across the world are supporting fossil fuel production by means of their policies, investments and other measures. It also features the profile of individual country for 15 major fossil fuel-producing countries.

United Nations Environment Programme (UNEP)

UNEP helps in coordinating responses to the environmental issues within the system of United Nations. The body was established by Maurice Strong, in the year 1972, following the United Nations Conference on the Human Environment in Stockholm. The body provides leadership, develop solutions and deliver science on several issues.

Month: Current Affairs - October, 2021