What Renewable Energy Price Shock? UN Urges Fossil Fuel Extractors to Slash Production

Guest essay by Eric Worrall

As the USA, Britain, Europe and China reel from a self inflicted renewable energy failures, the United Nations has doubled down on stupid by demanding producers slash production by 45% by 2030, to save the world from global warming.

Climate change: Fossil fuel production set to soar over next decade

By Matt McGrath
Environment correspondent

Plans by governments to extract fossil fuels up to 2030 are incompatible with keeping global temperatures to safe levels, says the UN.

The UNEP production gap report says countries will drill or mine more than double the levels needed to keep the 1.5C threshold alive. 

Oil and gas recovery is set to rise sharply with only a modest decrease in coal. 

There has been little change since the first report was published in 2019.

With the COP26 climate conference just over a week away, there is already a huge focus on the carbon-cutting ambitions of the biggest emitters. 

But despite the flurry of net zero emission goals and the increased pledges of many countries, some of the biggest oil, gas and coal producers have not set out plans for the rapid reductions in fossil fuels that scientists say are necessary to limit temperatures in coming years.

Earlier this year, researchers from the Intergovernmental Panel on Climate Change (IPCC) warned of the dangers for humanity of allowing temperatures to rise by more than 1.5C this century. To keep under this threshold will require cuts in carbon emissions of around 45% by 2030 based on 2010 levels. 

“The research is clear: global coal, oil, and gas production must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5C,” says Ploy Achakulwisut, a lead author on the report from the Stockholm Environment Institute. 

Read more: https://www.bbc.com/news/science-environment-58971131

Can there possibly be a stronger indication that the UN has reached the end of its useful life, than pushing a report urging more cake consumption in the midst of a bread shortage? Or in the UN’s case, slashing fossil fuel production in the middle of a fossil fuel supply crisis?

Any government which attempts to act on the UN report will be removed by their own people. There is only so much “climate action” ordinary people can take.

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via Watts Up With That?


October 20, 2021 at 08:09PM

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