• Gustavo Bernal Torres

“Carbon Bombs” - Mapping Key Fossil Fuel Projects

Fossil fuel companies are planning nearly 195 projects capable of producing at least a billion tons of CO2 pollution.

  • The document identifies the 425 biggest fossil fuel extraction projects globally (defined as >1 gigaton potential CO2 emissions). We list these “carbon bombs” by name, show in which countries they are located and calculate their potential emissions which combined exceed the global 1.5 °C carbon budget by a factor of two.

  • Climate change mitigation efforts cannot ignore carbon bombs. Defusing them could become an important dimension of climate change mitigation policy and activism towards meeting the Paris targets. So far, few actors, mainly from civil society, are working on defusing carbon bombs, but they are focussing on a very limited number of them. We outline a priority agenda where the key strategies are avoiding the activation of new carbon bombs and putting existing ones into “harvest mode”.


Source: https://www.sciencedirect.com/science/article/pii/S0301421522001756?via%3Dihub

0 comments

Recent Posts

See All

EVs are shoving aside real volumes of oil. Global oil demand in road transport reached roughly 43.7 million barrels per day in 2021, a slight increase since 2015. The adoption of electric vehicles and

Exploring short-term climate-related shocks with macroeconomic models To advance financial industry knowledge on this important topic, UNEP FI and UK-based National Institute of Economic and Social R