New dash for gas driven by energy disruption and rising prices spurns warnings to cease exploration to meet 1.5 heating limit
, show a dash for gas under way that will lock countries into fossil fuel use at a crucial time, when scientists have warned that a decisive turn towards lower-carbon alternatives within the next few years is the only way to stave off climate breakdown.
Niklas Höhne, of NewClimate Institute, one of the partners behind the Climate Action Tracker, said: “We’re about to witness a ‘gold rush’ for new fossil gas production, pipelines and LNG [liquefied natural gas] facilities, locking us into another high-carbon decade.” The report highlighted the US, which has signed a deal to export additional LNG to the EU, through an increased effort on fracking. Germany and Italy have also signed deals with Qatar as a gas supplier, as has Egypt, theCanada also plans new LNG production, fast-tracking construction to meet export demand. Overall, fossil fuel production has increased in Canada, the US, Norway, Italy and Japan, according to Climate Action Tracker.
The UK is also facing a massive expansion of oil and gas production in the North Sea, as the government has imposed a windfall tax on the industry that contains a loophole encouraging companies to invest in new production. Developing countries are getting in on the act, too. Nigeria is reviving gas pipeline projects that had been shelved, and Senegal and other countries are hoping to explore their gas reserves.after the war in Ukraine sent energy prices – already rising as the world recovered from the economic shock of Covid-19 – to fresh highs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mid-century Warrandyte property boasts its own gold mine, stables, and wet bar - realestate.com.auA Warrandyte property home to a Gold Rush-era mine is on the market for the first time in 35 years. The home even overlooks the gully where state’s first gold discovery occurred in the 1850s.
Read more »
Ukraine winery in area shelled by Russia wins gold at Decanter wine awardsExclusive: Beykush winery struggled to get bottles to judges in UK from its site on edge of Russian-occupied territory
Read more »
Police negotiate with two men on 'return to prison' warrants in Gold Coast siegeAn exclusion zone is declared at Nerang on the Gold Coast as police negotiate with two men on 'return to prison' warrants. It is not known if the pair are armed.
Read more »
Unscrupulous ivory traders can evade new UK ban, charity saysSellers could pass off elephant products as derivatives from unprotected mammals, Born Free Foundation says
Read more »
The big bucks of small change: Counting the cost of new tipping trendsCash is dying, but Melburnians are being prompted to tip more than ever before. Will the push to pay tips electronically succeed?
Read more »
How your iPhone will change in 2022: New features announced at Apple's developer conferenceApple has announced changes to its iOS software, which will allow users to unsend and edit text messages in iMessage. 9News
Read more »