Carbon Tracker and Global Energy Monitor, an independent financial think tank that analyzes the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels, has published the first public database of emissions from production and reserves worldwide.
The Global Registry of Fossil Fuels was created to give policymakers the asset-level data needed to inform decisions on how to manage the phase-out of fossil fuels and help predict which assets are likely to become stranded during this process.
Climate change policy efforts have focused on reducing demand and consumption of oil, gas and coal but have ignored the supply of those fuels. New data shows that producing and combusting the world’s reserves would yield more than 3.5 trillion tons of greenhouse gas emissions, more than seven times the remaining carbon budget for 1.5°C targets laid out in the Paris Agreement, and more than all of the emissions produce