The world’s governments must take urgent action to close the production gap. This report shows that doing so requires steep and sustained reductions in fossil fuel production and use. The latest Intergovernmental Panel on Climate Change report issued an important call to action: we are running out of time to limit long-term global warming to 1.5☌ or even 2☌. Collectively, although many governments have pledged to lower their emissions and even set net-zero targets, they have not yet made plans to wind down production of the fossil fuels that, once burned, generate most of those emissions. Specifically, this report’s production gap analysis - the first full update since 2019 - finds that the world’s governments still plan to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5☌, and 45% more than consistent with limiting warming to 2☌. Two years on, with the climate crisis clearer and more urgent than ever, governments continue to bet on extracting far more coal, oil, and gas than is consistent with agreed climate limits. This report first introduced and quantified the “production gap” in 2019, finding that the world’s governments planned to produce far more fossil fuels than consistent with their Paris Agreement commitment to limit global warming.
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