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2023 Production Gap Report

Facts for Prelims (FFP)

 

Source: UNEP

 Context: The 2023 Production Gap Report, authored by SEI (Stockholm Environment Institute), Climate Analytics, E3G, IISD, and UNEP, reveals a concerning trend where governments intend to produce approximately 110% more fossil fuels by 2030 than is consistent with limiting global warming to 1.5°C.

  • The report was launched in 2019

 

What is the Production gap?

Production Gap quantifies the difference between the projected extraction of coal, oil, and gas (fossil fuels) by governments and the global production levels required to meet climate goals, particularly those outlined in the Paris Agreement (warming to 1.5°C or 2°C)

 

Production gap vs. emissions gap:

The emission Gap refers to the difference between global greenhouse gas (GHG) emissions under the Nationally Determined Contributions (NDCs) and the accepted level in 2030.

 

Report Findings:

Major countries, including Australia, Brazil, Canada, China, India, and the UAE, are projected to increase global coal production by 2030 and oil and gas production until at least 2050.

 

Recommendations:

It includes adopting reduction targets in fossil fuel production and ensuring an equitable transition considering countries. Target a near-total phase-out of coal production and use by 2040, coupled with a 75% reduction in oil and gas production and use by 2050 compared to 2020 levels.