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Burning all fossil fuel reserves would exceed global ‘carbon budget’ 7 times over
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Burning all fossil fuel reserves would exceed global ‘carbon budget’ 7 times over
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“The transition away from fossil fuel-powered economies is critical to the survival of people and the planet.”
A first-of-its-kind public database launched Monday estimates that burning all of the world’s known fossil fuel reserves would spew 3.5 trillion tons of greenhouse gas into the atmosphere—more than all of the emissions released since the Industrial Revolution.
The new database, known as the Global Registry of Fossil Fuels, also warns that emissions produced by combusting all of the planet’s oil, gas, and coal reserves would exceed the world’s dwindling “carbon budget” seven times over, underscoring the urgency of keeping fossil fuels in the ground to avert climate catastrophe.
“The science is crystal clear,” Inger Andersen, under-secretary-general of the United Nations and executive director of the United Nations Environment Program, said in a statement Monday. “The transition away from fossil fuel-powered economies is critical to the survival of people and the planet.”
“For this to happen we need to deploy every solution in our toolbox to decarbonize our economies,” Anderson added. “The Global Registry of Fossil Fuels is an important step in providing insights to policymakers and investors as we embark on a just transition away from fossil fuels.”
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