New global database reveals how much fossil fuels remain worldwide

The Carbon Tracker Initiative has released a new database tracking the world's fossil fuel supply and their associated greenhouse gas emissions.

New global database reveals how much fossil fuels remain worldwide
Published Sep 20, 2022 7:33 AM CDT
1 minute & 17 seconds read time

The first ever database of its kind, built to keep track of fossil fuel production worldwide and its impact on the global carbon budget, has been created and publicized by the Carbon Tracker Initiative.

New global database reveals how much fossil fuels remain worldwide 02 | TweakTown.com

The Carbon Tracker Initiative worked in partnership with Global Energy Monitor to develop the Global Registry of Fossil Fuels and translates the fossil fuel reserves held by countries and the number of fossil fuels they produce into the resultant amount of greenhouse gas emissions they could release. This allows the Global Registry to show the scale of carbon dioxide emissions associated with the countries in the database and see how they align with the Paris Agreement's 1.5°C temperature rise target.

The global carbon budget refers to how many more emissions the atmosphere can absorb before the 1.5°C temperature target set by the Paris Agreement is surpassed. The United Nations (UN) estimates this carbon budget to be about 360 billion tonnes of carbon dioxide equivalent emissions, or about nine years of emissions based on the current rate.

The new data published by the Global Registry shows that the world's reserves of fossil fuels would produce over 3.5 trillion tons of greenhouse gas emissions if produced and combusted, seven times the amount of the remaining global carbon budget to meet the Paris Agreement.

"The Global Registry will make governments and companies more accountable for their development of fossil fuels by enabling civil society to link production decisions with national climate policies. Equally, it will enable banks and investors to more accurately assess the risk of particular assets becoming stranded," said Mark Campanale, founder of Carbon Tracker and Chair of the Registry Steering Committee.

You can read more from the Carbon Tracker Initiative's latest news release here.

Buy at Amazon

How to Prepare for Climate Change: A Practical Guide to Surviving

TodayYesterday7 days ago30 days ago
$15.49$15.49$15.49
* Prices last scanned on 10/5/2022 at 7:25 am CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Adam grew up watching his dad play Turok 2 and Age of Empires on a PC in his computer room, and learned a love for video games through him. Adam was always working with computers, which helped build his natural affinity for working with them, leading to him building his own at 14, after taking apart and tinkering with other old computers and tech lying around. Adam has always been very interested in STEM subjects, and is always trying to learn more about the world and the way it works.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles
    Partner Content
    Advertise With Us