They produce 13% of global oil and gas and include Indonesia, Iran and Egypt. Nineteen “low-capacity” countries with average non-oil GDP per capita of $10,000, must end production by 2045, with an 18% cut by 2030. ![]() They produce 11% of global oil and gas and include China, Brazil and Mexico. They produce 30% of global oil and gas and include Saudi Arabia, Kuwait and Kazakhstan.Įleven “medium-capacity” countries, with average non-oil GDP per capita of $17,000, must end production by 2043, with a 28% cut by 2030. The 14 “high-capacity” countries, with average non-oil GDP per capita of nearly $28,000, must end production by 2039, with a 43% cut by 2030. This group produces 35% of global oil and gas and includes the US, UK, Norway, Canada, Australia and the United Arab Emirates. The 19 “highest-capacity” countries, with average non-oil GDP per capita of more than $50,000, must end production by 2034, with a 74% cut by 2030. It found that for a 50% chance of limiting the global temperature rise to 1.5☌: 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. “I don’t see any sense of equity being taken seriously by the policymakers in the wealthy parts of the world,” he said. The report’s findings come amid a renewed focus on climate justice among civil society groups and countries in the global south – particularly at last year’s Cop26 conference in Glasgow.īut Anderson warned many wealthier nations still only paid “lip service” to the idea. “This new study is a timely reminder that all countries must phase out oil and gas production rapidly, with wealthy countries going fastest, while also ensuring a just transition for workers and communities that rely on it.” 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.Ĭhristiana Figueres, the former UN climate chief who oversaw the 2015 Paris summit, welcomed the findings. ![]() It found that many poorer countries would be crippled economically and politically by a rapid move away from oil and gas, while wealthier nations could afford to end fossil fuel production while remaining relatively prosperous.įor example, it found that oil and gas revenue contributed 8% to US GDP but without it the country’s GDP per head would still be around $60,000 (£46,000) – the second highest globally. The report examines each country’s wealth and how dependent its economy is on fossil fuel production. “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. 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.
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