Experts say world has ‘overreached’ in replacing Russian supply, which could kill 1.5C target
The global dash for gas amid the Ukraine war will accelerate climate breakdown and could send temperatures soaring far beyond the 1.5C limit of safety,If all of the new gas projects announced in response to the global gas supply crunch are fulfilled, the resulting greenhouse gas emissions would add up to about 10% of the total amount of carbon dioxide that can safely be emitted by 2050.
As that gas is in addition to current production of fossil fuels, that would threaten to derail the Paris climate agreement, according to Climate Action Tracker, a group of analysts, in a report published on Thursday at theThere will be an oversupply of liquefied natural gas across the world, reaching about 500 megatonnes of LNG by the end of this decade, according to the new data.
Bill Hare, the chief executive of Climate Analytics, one of the partner organisations behind Climate Action Tracker, told the Guardian that the world had “overreached” in its attempts to fill the hole left by Russian gas. “There will be just too much,” he said. “The volume of import capacity of gas being built in Europe far exceeds the replacement needs.
But Hare said this would be difficult to ensure, as once the infrastructure was built the investors would have an interest in keeping it in use.if the world were to stay within 1.5C of pre-industrial temperatures, the goal confirmed by countries at the Cop26 climate talks in Glasgow last year.Climate Action Tracker found gas production and import capacity was being expanded across the world, in Africa, North America, Asia and Australia, as well as Europe.
“We are witnessing a major push, which could cause global emissions to breach dangerous levels,” said Hare. “Increasing our reliance on fossil gas cannot be the solution to today’s energy and climate crises anywhere.”The planet's most important stories. Get all the week's environment news - the good, the bad and the essentialNewsletters may contain info about charities, online ads, and content funded by outside parties.
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