On Thursday, the Danish Parliament announced that it is ending future offshore oil and gas licensing and ending all offshore production by 2050.
Michael Lazarus, director of SEI’s US Center and a lead author of the Production Gap Report, responded as follows:
“This announcement is an encouraging sign showing how governments can better align policies on oil and gas production with their own climate ambition. As emphasized in this year’s Production Gap Report, wealthier countries need to take the lead in winding down fossil fuel production at the pace needed to avoid catastrophic climate disruption.”
A 2020 special issue of the Production Gap Report was released on Wednesday, Dec. 2. The report – produced by SEI, the International Institute for Sustainable Development (IISD) , the Overseas Development Institute (ODI) , E3G , and UNEP — found that global fossil fuel production needs to decline by 6% per year, starting now, in order to limit warming to 1.5°C. The report laid out six actions policymakers can take to wind down fossil fuel production, including introducing restrictions on fossil fuel activities and infrastructure.