This latest report comes amidst a renewed push for oil and gas drilling, as the war in Ukraine drives a spike in oil prices.to their highest levels ever in 2021, rebounding after a decline during the pandemic.
In order to limit warming to 1.5 degrees Celsius, the world's energy supply would need to reach net-zero as soon as 2050, which means if the sector is still producing emissions, those emissions are captured in some way before reaching the atmosphere. That's because other areas, like heavy industry and transportation, would likely take longer to fully cut their emissions.
New technology could eventually transition those industries and vehicles away from fossil fuels. But the delay means that to avoid extreme warming, countries and companies will likely have to remove some of the carbon dioxide emissions that are already in the atmosphere, the report finds.
NPR Unless regimes are changed in India and China, nothing will help.
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