UNEP Production Gap Report: World will overshoot 2030 fossil fuel limit by twice over

Source: The post is based on the article “Production Gap Report :World will overshoot 2030 fossil fuel limit by twice over” published in “The Hindu” on 9th November 2023

Why in the News?

The UN Environment Programme (UNEP) has published the Production Gap Report 2023.

What is the Production Gap Report?

What are the key findings of the Production Gap Report 2023?

(1) Under the Paris Agreement, countries have committed to a long-term goal of limiting average global temperature to less than two degrees Celsius above pre-industrial levels and even try to limit them further to 1.5 degrees Celsius. 

(2) However, the report analyzed the 20 major fossil fuel producing countries.

(3) It found that these countries plan to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C and 69% more than that would be consistent with 2 degrees Celsius.

What are the recommendations given by the Production Gap Report 2023?

(1) Increase transparency in the plans, projections and support for fossil fuel production.Align those plans with national and global climate goals;

(2)Aim for a near total phase-out of coal production and use by 2040 and a combined reduction in oil and gas production and use by three-quarters by 2050 from 2020 levels.

UPSC Syllabus- Environment (Reports and Indices)