![]() ![]() This is the so-called carbon dioxide removal gap. Humans can only rely so much on negative emissions, especially since countries currently have “few firm plans” to scale up these projects fast enough to limit warming to 2 degrees. Nevertheless, oil production must decline in the coming decades in order to hit climate targets. (For context, global production in 2022 was about 100 million barrels a day, a new record.) The idea has always been that some residual oil emissions would be canceled out by negative emissions, such as by capturing carbon dioxide and locking it away underground. Strictly speaking, the task isn’t to get to the last barrel of oil anytime soon: according to one report, the world could produce 40 million barrels of oil a day in 2040 and still be on track to keep warming to 1.5 degrees. Their plans for fossil fuel production also exceed the level that would be compatible with 2 degrees Celsius of warming, the less ambitious target to which they committed themselves in the Paris Agreement. ![]() Governments currently plan to produce twice as many fossil fuels in 2030 as would be consistent with limiting global warming to 1.5 degrees Celsius. climate policy, Willow’s approval does reveal much about the global race to pump the “last barrel” of oil. So although it may say little about the direction of U.S. Alaskan legislators suggested they may challenge those “legally dubious” restrictions on future oil extraction, while environmental groups are preparing lawsuits to try to stop the project. Even as the Bureau of Land Management gave Willow the green light, the Department of the Interior said it would restrict future drilling in other parts of Alaska. climate ambitions, and Willow’s story is politically and legally nuanced. ![]()
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