Massive gas expansion risks overtaking positive climate

The NewClimate Institute reports that global expansion of liquefied natural gas (LNG) and fossil gas is undermining the Paris Agreement and the 1.5°C warming limit. Despite some policy progress in the US, China, and the EU, current 2030 targets put the world on a path toward 2.4°C of warming, while the pipeline of new LNG capacity threatens to significantly increase emissions by 2030.

• The expansion of LNG capacity and planned projects could lead to emissions in 2030 that are over 1.9 GtCO2e per year higher than what is consistent with the IEA's Net Zero by 2050 scenario. Between 2020 and 2050, cumulative emissions from LNG may be over 40 GtCO2 higher, representing approximately 10% of the remaining carbon budget.
• Current 2030 targets are insufficient to limit warming to 1.5°C, with the world currently heading for 2.4°C of warming. Even if all targets currently under discussion are fully implemented, warming could still reach 1.8°C.
• While some countries like Australia, the UAE, Norway, and Thailand have strengthened targets, they are not 1.5°C compatible. Furthermore, Australia, the UAE, and Norway are increasing fossil fuel exports, specifically gas and LNG, while Thailand is planning a significant increase in LNG imports.
• Policy implementation has seen progress in the EU, China, and the US, but the overall temperature estimate for policies and actions remains at 2.7°C due to methodology updates and higher historical emissions.
• International climate finance for developing countries is inadequate, with no tracked developed country receiving a rating better than 'Insufficient'. Finance increased by only 4% in 2020.

APA

NewClimate Institute (2022). Massive gas expansion risks overtaking positive climate. http://www.newclimate.org/resources/publications/cat-global-update-massive-gas-expansion-risks-overtaking-positive-climate

Chicago

NewClimate Institute. Massive gas expansion risks overtaking positive climate. 2022. http://www.newclimate.org/resources/publications/cat-global-update-massive-gas-expansion-risks-overtaking-positive-climate.

Wikipedia

{{cite report |author=NewClimate Institute |title=Massive gas expansion risks overtaking positive climate |date=10 November 2022 |url=http://www.newclimate.org/resources/publications/cat-global-update-massive-gas-expansion-risks-overtaking-positive-climate |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2022massive, author = {{NewClimate Institute}}, title = {{Massive gas expansion risks overtaking positive climate}}, institution = {NewClimate Institute}, year = {2022}, month = nov, url = {http://www.newclimate.org/resources/publications/cat-global-update-massive-gas-expansion-risks-overtaking-positive-climate}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }