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COP28 host UAE to extract nearly 40 billion barrels of oil and gas over 70 years

COP28 host the United Arab Emirates (UAE) has plans in place to extract 38 billion barrels of oil and gas between now and 2085–with significant further reserves that could also be extracted in that time. If all oil producing nations followed such a strategy, the world's carbon budget for 1.5 C would be exceeded many times over.
IISD in the news November 13, 2023

Time is running out to cut fossil fuel production

Every two years, a group of analysts from around the world join together to work through a straightforward calculation. They add up all the planned future production of oil, gas and coal worldwide, add up how much carbon it would emit when burned, and then calculate how far that would push us past the Paris Agreement targets of 1.5 and 2 C of warming. The 2023 version of the Production Gap Report—compiled by five leading research organizations worldwide, including Canada's International Institute for Sustainable Development—is not happy reading. Projections call for more than twice as much fossil fuel production by 2030 as would be consistent with the 1.5 C target, and roughly 70 per cent too much for 2 C of warming.
IISD in the news November 10, 2023

Global fossil fuel pipeline double the limit for 1.5 C global warming

The world's major fossil fuel producing countries intend to extract 110 per cent more fossil fuels in 2030 than the limit for keeping global warming to 1.5 C above pre-industrial levels. Coal, in particular, is 460 per cent over the threshold. Even if compared with a higher 2 C warming scenario–which countries globally have pledged to steer well clear of–planned production will still be almost 70 per cent over budget, according to a report published Wednesday.
IISD in the news November 9, 2023

Environmentalists release recommendations for next year's budget

Canadian Finance Minister Chrystia Freeland is set to unveil the government's Fall Economic Statement Nov. 21, but some environmentalists are already looking forward to next year's federal budget. On Thursday, the Green Budget Coalition (GBC), comprised of several environmentally-focused non-profit organizations, released its set of five recommendations for the next budget. According to Laura Cameron, a policy advisor at the International Institute for Sustainable Development who wrote the GBC's sustainable jobs recommendation, the feds need to provide financing to support Bill C-50, the government's proposed sustainable jobs legislation, which is currently making its way through the House.
IISD in the news November 9, 2023

World will overshoot 2030 coal limit to tame warming by twice over

Notwithstanding the global consensus among countries that fossil fuel emissions must be eliminated, a new report says that the governments plan to produce twice as much fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69% more than would be consistent with 2°C.
IISD in the news November 9, 2023

The Production Gap

The Production Gap Report measures the misalignment between governments' planned production of coal, oil, and gas and the global level consistent with meeting the Paris Agreement temperature goal.
Report November 9, 2023

Production Gap Report 2023 Launch Event

Join the launch of the 2023 Production Gap Report for an exclusive first look at this year’s key findings with the lead authors and climate experts.
Webinar November 8, 2023