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2020 production gap Report From United Nations Environment Programme

The following is the 2020 production gap Report From United Nations Environment Programme recommended by And this article belongs to the classification: global economy , research report.

The United Nations Environment Programme (UNEP) and the Stockholm Institute for the environment (SRI) jointly released the “2020 production gap report” to understand the differences between the planned fossil fuel production in various countries and the global production level of limiting warming to 1.5 ° C or 2 ° C.

Main findings

To follow a consistent 1.5 ° C path, the world needs to reduce fossil fuel production by about 6% a year between 2020 and 2030.

However, the annual output of each country is increasing by more than 2.5% by 2030, which is expected to double the annual output of each country. From 2020 to 2030, global production of coal, oil and natural gas will decline by 11%, 4% and 3% annually, respectively, to keep pace with the 1.5 ° C path. But the government’s plans and forecasts show an average annual growth of 2% for each fuel. Countries aim to produce fossil fuels 120% and 50% higher by 2030 than limiting global warming to 1.5 ° C or 2 ° C, respectively.

The plan before covid and the stimulus measures after covid show that the widening gap in global fossil fuel production leads to serious climate damage.

So far, governments have invested far more in fossil fuels than in clean energy. Policymakers must reverse this trend in order to achieve climate goals.

Countries with lower dependence and higher financial and institutional capacity can make a just and equitable transition from fossil fuel production quickly, while countries with higher dependence and lower capacity need more international support.

Policy makers can support orderly, just and equitable reduction of fossil fuel production through actions in six areas: Sustainable stimulus and recovery plans, increased support for a just and equitable transition, reduced support for fossil fuels, restrictions on production, increased transparency, and global cooperation.

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