Emissions from overseas fossil fuel projects funded by the UK of $ 1.15 billion are widely accepted as safer thresholds to avoid the worst effects of climate change at 1.5 ° C. The Sky News can reveal that it was rated against warming at 2 ° C, not the limit of.
The revelation on the gas project in Mozambique takes place a week before the UK hosts the critical ones. COP26 Climate negotiations aimed at the government “maintaining 1.5 ° C”.
In 2020, research firm Wood Mackenzie created an emission assessment from a liquefied natural gas (LNG) project planned by Total, an oil company in Cabodelgado, Mozambique, and sent it to project supporters, including the UK Government.
Friends of the Earth obtained a copy through a request for freedom of information in the Netherlands and shared it exclusively with Sky News.
The 2020 report concludes that natural gas has a “significant role” and that it also has a “significant role” in the “very ambitious” 2 ° C warming scenario.de facto Energy conversion goals. “
However, under the 2015 Paris Agreement, 191 countries agreed to maintain warming “well below” 2 ° C, ideally up to 1.5 ° C. After an important UN survey in 2018, 1.5 ° C has become commonly adopted as a new target, but extreme weather events will still increase.
Rachel Kennerley, Head of Climate Change Campaign at Friends of the Earth (FoE), said the government “is inconsistent with globally recognized science and has a catastrophic climate.” We are turning our backs on the billions of people facing the impact. “
The government established itself as a leader in climate change in the year hosting the United Nations Climate Change Conference COP26, which reviews progress since Paris.
Kenary said the British government cannot claim that it “takes the climate crisis seriously while investing in fossil fuel projects that drive climate destruction.”
The report calls for the fact that it is difficult to achieve the “merits of LNG” even in the 2 ° C scenario.
Last December, Prime Minister Boris Johnson promised to terminate all new loans to fossil fuels abroad. However, that summer, $ 1.15 billion (£ 835m) of UK funding was approved and this policy did not apply retroactively.
The FoE has been granted a court date to challenge the financing provided through the UK Export Finance Agency, stating that the policy is inconsistent with the Paris Agreement.
“We believe that financing a large new gas project is incompatible with the Paris Agreement and we did not consider this in accordance with legal requirements when the government decided to finance LNG in Mozambique.” Said Kenary.
A government spokesperson said he could not comment on the ongoing legal process.
Burning natural gas has replaced more polluted fossil fuels in many parts of the world because it emits about half the climate-heated carbon dioxide of coal. But to maintain warming above pre-industrial levels by 1.5 ° C, scientists say carbon dioxide emissions will fall 45% from 2010 levels by 2030 to zero by 2050. Say you have to become.
According to the document, using LNG in Mozambique is “Maybe … Replacing coal would “avoid carbon emissions of more than 500,000 tonnes per TWh of electricity generated,” but “it is not possible to predict where and for what purpose it will actually be used.” Stated.
However, critics say it is a wrong approach to judge a project based on avoided emissions, as the temperature will continue to rise as long as carbon dioxide is emitted. FoE argues that projects cannot be avoided from the normal business baseline and should be assessed based on additional emissions.
Mike Coffin, senior analyst at Carbon Tracker, a financial think tank focused on energy conversion and capital markets, said considering “avoiding emissions” is “complex.”
There is no guarantee that gas will be used in place of gas as well as coal, so this approach “may not result in a reduction in absolute levels of CO2 emissions released into the atmosphere,” he said.
The LNG project is “approved for sustainable gas demand over the next few decades,” he added.
Both Wood Mackenzie and Total declined to comment. Total put the project on hold earlier this year due to the deteriorating security situation in northern Mozambique’s Cabodelgado province, which was hit by a violent riot.
Judicial review is scheduled for December.
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Climate Change: UK’s $ 1 billion support for a gas project in Mozambique evaluated pollution against warming at 2 ° C instead of 1.5 ° C.Climate news
Source Climate Change: UK’s $ 1 billion support for a gas project in Mozambique evaluated pollution against warming at 2 ° C instead of 1.5 ° C.Climate news