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Rich fossil fuel-producing countries need to start reducing output now and end production within 20 years, as part of a just energy transition that will minimise climate overshoot and return global warming below 1.5°C by the end of the century
Governments' continuing inaction, particularly by fossil fuel producers, would guarantee an escalation in climate impacts and risks - yet as UNEP shows, the tools to prevent this are available
The approval of the massive Glencore and Yancoal's HVO coal mine continuation project in New South Wales greenlights the biggest coalmine ever approved in the state. Its lifetime emissions, including from combustion overseas, are projected to be nearly twice Australia’s current net emissions.
This report models a fossil fuel phase-out for Australia, showing it's possible, and setting out policy actions required across the economy.
UNEP's report on climate overshoot comes up short of properly analysing the solutions, with little mention of a fossil fuel phase-out.