The world is ‘doubling down’ on fossil fuels despite the climate crisis.
“Between 2020 and 2030, global coal, oil, and gas production would have to decline annually by 11%, 4%, and 3%, respectively, to be consistent with a 1.5°C pathway. But governments’ plans and projections indicate an average 2% annual increase for each fuel.
“Continued production of fossil fuels at current levels, let alone the increases envisioned by governments, is at odds with a climate-safe future. Coal, oil, and gas account for over three-fourths of global greenhouse gas (GHG) emissions, including 90% of carbon dioxide emissions and roughly a third of methane emissions.
“Fossil fuel interests — which represent a large and concentrated political and economic force — often actively counter or resist bold climate action. When governments are dependent on fossil fuels, this “carbon entanglement” can stand in the way of climate policy progress.