COP host countries will increase oil and gas production by 33 percent contrary to their promises: Report – Obnews

By News Update On Sep 27, 2024

Azerbaijan, the United Arab Emirates and Brazil, the past, present and next hosts of the UN climate summit respectively, are set to increase their combined oil and gas production by 33 percent by 2035, according to a new analysis that calls for stronger global climate action. This is contrary to their commitments.

The analysis using industry data by US-based research group Oil Change International shows that the UAE and Brazil are on track to increase production by 37 per cent and 38 per cent respectively by 2035. Azerbaijan, which will host CPOP29 in Baku in November, is projected to increase output by four percent.

At the last UN Climate Summit held in Dubai in November-December 2023, leaders had made historic commitments to transition away from fossil fuels, double renewable energy capacity by 2030 and double energy efficiency.

Oil Change International said the continued expansion of investment in oil and gas raises questions about these commitments.

Earlier this week, the International Energy Agency (IEA) said the target of tripling global renewable energy capacity by 2030 could be achieved provided countries implement the UAE agreement, which includes reducing the use of fossil fuels. It has been said.

Another analysis from Climate Action Tracker, a research group that tracks countries' climate efforts, described Azerbaijan's climate efforts as 'seriously inadequate' as the country scrapped its 2030 emissions target.

Azerbaijan, the UAE and Brazil are hosting a meeting on the sidelines of the UN General Assembly on Thursday and the countries are under pressure to show how they plan to deliver on the 'Roadmap to Mission 1.5'.

The roadmap aims to encourage countries to increase their ambition in the next round of national climate plans, known as Nationally Determined Contributions (NDCs). Countries must submit updated NDCs by February 2025.