Countries scrambling this year to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate goals, the research collaboration Climate Action Tracker said COP27
Efforts to stave off disastrous climate change collided this year with a global energy crisis of scarce gas and soaring fuel prices, as Russia sharply cut gas deliveries to Europe following its Feb. 24 invasion of Ukraine.
The planned projects could emit 10% of the world's remaining carbon budget - the cumulative amount that can be emitted if warming beyond 1.5C is to be avoided, CAT said. Among the projects are new gas drilling in Canada and liquefied natural gas import capacity in Germany and Vietnam. Scientists have said going past 1.5C of warming would unleash far more severe climate impacts than the deadly wildfires, floods and rising seas already unfolding today. Currently, the world is 1.2C hotter than pre-industrial levels.
The dash to replace those supplies has bolstered plans to expand fossil fuel infrastructure, even as the European Union has proposed higher renewable energy targets to attempt to mostly replace Russian fuel with clean energy.
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