Production Gap Report 2021

 

Production Gap Report 2021: Relevance

• GS3: Conservation, environmental pollution and degradation, environmental impact assessment.

 

Production Gap Report 2021: Context

• UNEP has recently released Production Gap Report 2021 to show discrepancy between governments’ planned fossil fuel production and global production levels consistent with limiting warming to 1.5°C or 2°C.

 

Production Gap Report 2021: Key points

• The report represents a collaboration of several researchers and academic institutions.
• The report was first launched in 2019 and this year was the third edition of the report.
• The report also tracks how governments worldwide are supporting fossil fuel production through their policies.
• The report also tracks how governments worldwide are supporting fossil fuel production through their policies.

 

Ecological Threat Report 2021

 

Fossil fuel production gap report: Key findings

• The production gap has remained largely unchanged since the first analysis in 2019.
• The report finds that over the next two decades, governments across the world are collectively projecting an increase in global oil and gas production, and only a modest decrease in coal production.
• The report finds that given the government priorities and their effort towards fossil fuel production, total fossil fuel production will increase at least till 2040.
• The window to limit the long-term climate to 1.5°C is rapidly closing.
• The world’s governments plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 45% more than consistent with 2°C.
• Governments’ production plans and projections would lead to about 240% more coal, 57% more oil, and 71% more gas in 2030 than would be consistent with limiting global warming to 1.5°C.
• Global gas production is projected to increase the most between 2020 and 2040 based on governments’ plans. This continued, long-term global expansion in gas production is inconsistent with the Paris Agreement’s temperature limits.

 

 

Production gap report UNEP: COVID-19 recovery

The G20 countries has channelised $300 billion to fossil fuels since the beginning of the pandemic, and the sector is still enjoying significant fiscal incentives.

• Notably, capital flow towards fossil fuels is higher than to clean energy in the post COVID-19 recovery phase.
• The commitments at the UN COP26 would decide the fate of fossil fuel production across the world.

 

Status of Coral Reefs of the World Report

 

Production gap report 2021 India

• The report indicates that India has projected an increase in production of all the fossil fuels—coal, oil and natural gas.
• Notably, India has not set any commitment to achieve net-zero carbon emission.

 

Fossil Fuel	Rank in Global Production	Share of Global Production
Coal	5th	7%
Oil	24th	1%
Natural Gas	23rd	1%

 

State of Climate Services Report 2021