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What climate targets? Top fossil fuel producing nations keep boosting output | Top producers are planning to mine and drill even more of the fuels in 2030.
Top producers are planning to mine and drill even more of the fuels in 2030.
The biggest changes since the last report come from a slower projected decline in China’s coal mining and faster expected growth in gas production in the United States. The authors called on governments to coordinate their policies and plan for how they can collectively lower production in a way that keeps climate targets within reach without shocking the economies that depend on the jobs and revenue provided by mining, drilling and processing the fuels. The result, Grant argued, could be one of two scenarios: Either fossil fuel use remains high for years, in line with these production plans, or it declines more quickly and governments are unprepared for the sudden drop in sales.
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