Rich countries must stop producing oil and gas by 2034, says study

Iraq is one of the poor countries reliant on fossil fuel production that should be given until 2050, the report says.Iraq is one of the poor countries reliant on fossil fuel production that should be given until 2050, the report says.Last modified on Tue 22 Mar 2022 00.04 GMT

Anderson said that while it was now clear there had to be a rapid shift away from “a fossil fuel economy”, it was essential this was done in a fair and equitable way. “There are huge differences in the ability of countries to end oil and gas production, while maintaining vibrant economies and delivering a just transition for their citizens,” he said.

Meanwhile, countries such as South Sudan, the Republic of the Congo and Gabon, despite being small producers of oil and gas, have little other economic revenue and would be devastated by a rapid transformation. But Anderson warned many wealthier nations still only paid “lip service” to the idea. “I don’t see any sense of equity being taken seriously by the policymakers in the wealthy parts of the world,” he said.The study, commissioned by the International Institute for Sustainable Development, quantifies how much future oil and gas production is consistent with the Paris climate target of 1.5C of heating – and what this means for the 88 countries responsible for 99.97% of global oil and gas supply.

2034 is way too late:

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Rich countries must stop producing oil and gas by 2034, says studyPoorest states should be given until 2050, says research aiming to set out fair way of ending fossil fuel economy And if they don't what's the Guardian going to do - start a war? that wont go down well ,rich contries will say their gas and oil is less gassy and less oily so poor countries should be shut down first and their own gas and oil when it runs out cause there are no options except horse and dog carts CORRECTION 2024 or sooner. JUST stop IT. STOP it sooner or there will be NO latter that's just plain absolute FACT
Source: GuardianAus - 🏆 1. / 98 Read more »

Rich countries must stop producing oil and gas by 2034, says studyPoorest states should be given until 2050, says research aiming to set out fair way of ending fossil fuel economy And if they don't what's the Guardian going to do - start a war? that wont go down well ,rich contries will say their gas and oil is less gassy and less oily so poor countries should be shut down first and their own gas and oil when it runs out cause there are no options except horse and dog carts CORRECTION 2024 or sooner. JUST stop IT. STOP it sooner or there will be NO latter that's just plain absolute FACT
Source: GuardianAus - 🏆 1. / 98 Read more »