Study: World Must Keep Most Fossil Fuels In The Ground To Achieve Climate Goals

Almost 60 percent of global crude oil and fossil methane gas reserves, plus 90 percent of coal reserves, should be kept in the ground if the world has a chance to meet the target to limit global warming to 1.5 degrees Celsius by 2050, a new peer-reviewed study showed. Researchers led by environmental and energy economist Dan Welsby at University College London have estimated that oil and gas production must decline globally by 3 percent each year until 2050 if the target is to be achieved. “This implies that most regions must reach peak production…