Climate will warm at least 2.2°C - TotalEnergies
Report by oil and gas major outlines scenarios based on current commitments and what is necessary to keep to 1.5°C warming
Current commitments to the Paris Agreement will only limit the global average temperature rise to 2.2-2.4°C this century, according to the latest scenario from TotalEnergies. The Paris Agreement’s goal is to limit global warming to “well below 2°C, and preferably 1.5°C”, but nations’ contributions to the deal are voluntary and so far lack the ambition to reach that goal. TotalEnergies’ new ‘Momentum’ scenario incorporates 2050 net zero pledges from the US, Japan and South Korea, as well as a more stringent EU policy framework and China’s net zero goal for 2060. It also accounts for increased adoption of hydrogen and biofuels; largescale use of natural gas in the transition away from coal; br
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation