Fossil Fuel Surge Imperils Climate Goals, Doubling Production

The "2023 Production Gap Report" released by the Stockholm Environment Institute (SEI), Climate Analytics, E3G, the International Institute for Sustainable Development (IISD), and the UN Environment Program (UNEP) states that many countries are inclined to boost the production of fossil fuels.

According to the report, many countries are projected to produce 110 percent more fossil fuels by 2030 compared to the agreed-upon limits for temperature reduction and achieving net-zero emissions. According to United Nations Secretary-General Antonio Guterres, the stance of many countries doubling their fossil fuel production will lead to a dual problem.

"COP28 must send a clear signal that the era of fossil fuels is over. We need credible commitments to increase renewable energy, cease the use of fossil fuels, and improve energy efficiency while ensuring a fair and equitable transition," he said in a written statement on Nov 8.

UNEP Executive Director Inger Andersen said plans to expand fossil fuel production hinder the energy transition needed to achieve net-zero emissions. "As a result, the future of humanity is in question," she said.

According to Andersen, creating clean and efficient energy is the only way to end poverty and simultaneously reduce emissions. "At COP28, countries must come together to halt the managed and equitable use of coal, oil, and gas to mitigate future turbulence and benefit everyone on this planet."