A new wave of activists is calling for global action and cooperation to phase out fossil fuels. These calls are amplifying the push for a Fossil Fuel Non-Proliferation Treaty ahead of the long-awaited COP26 set for Glasgow, Scotland in November this year. The Treaty aims to be a complementary mechanism to the Paris Agreement by directly addressing the fossil fuel industry and putting the just transition at its core.
Energy consumption and production contribute to two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago. Plus, improvements in the energy intensity of the global economy (the amount of energy used per unit of economic activity) are slowing. In 2018 energy intensity improved by 1.2%, the slowest rate since 2010.
In the five years since the Paris Agreement was signed, the energy industry has continued to expand significantly. But to keep global warming below 1.5ºC fossil fuel production must decline every year by 9.5%, 8.5% and 3.5% for coal, oil, and gas, respectively, until 2030.