Oil and gas emissions to eat up two-thirds of global carbon budget despite industry pledge, says NGO

Published 14:00 on January 26, 2024  /  Last updated at 11:32 on January 26, 2024  / Alejandra Padin-Dujon /  EMEA, International, Nature-based, Voluntary

Oil and gas companies that have signed up to a COP28 sectoral decarbonisation pact are set to use over 60% of the world’s remaining carbon budget under a 1.5C warming scenario, according to an NGO.
Oil and gas companies that have signed up to a COP28 sectoral decarbonisation pact are set to use over 60% of the world’s remaining carbon budget under a 1.5C warming scenario, according to an NGO.


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