In climate fight, rich nations must give up oil first: report

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The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming well below 2C, and 1.5C if possible.

PARIS - Rich countries must end their oil and gas production by 2034 to cap global warming at 1.5 degrees Celsius and give poorer nations time to replace fossil fuel income, according to a report released Tuesday.

Some poorer nations produce only a tiny percentage of global output but are so reliant on fossil fuel revenues that rapidly removing this income could undercut their economic or political stability, the Tyndall Centre report shows. "We use the GDP per capita that remains once we've removed the revenue from oil and gas as an indicator of capacity," lead author Kevin Anderson, a professor of energy and climate change at the University of Manchester, told AFP."We calculated emissions phase-out dates for all of them consistent with the Paris Agreement temperature goals," Anderson said.

The new report, Phaseout Pathways for Fossil Fuel Production, applies the same approach to oil and gas. The next group of countries -- including China, Brazil and Mexico -- would need to end output by 2043, followed by Indonesia, Iran and Egypt in 2045.

 

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