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ISLAMABAD: Global fossil fuel consumption must halve by 2035 and be phased out by 2070 to keep global warming below 1.5°C by the end of the century and avoid the catastrophic impacts of climate change.
This was the main takeaway from a new analysis from Climate Analytics, a global science and policy institute, released on the sidelines of the UN climate talks in Bonn.
The analysis builds on the Climate Analytics and Potsdam Institute for Climate Impact Research (PIK)’s Highest Possible Ambition (HPA) scenario, which shows fossil fuel production and use peaking in 2025, falling 20pc by 2030, 50pc by 2035 and reaching zero globally by 2070.
The study noted that fossil fuel production and use accounted for 70 per cent of global emissions in 2023, making the transition away from fossil fuels the most significant lever for cutting emissions. The analysis also opposed investments in new oil and gas fields.
