Environment

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France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows (www.theguardian.com)

submitted 1 year ago by throws_lemy@lemmy.nz to c/environment

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[–] Franzia@lemmy.blahaj.zone 2 points 1 year ago

Carbon Bombs are the 425 biggest fossil fuel extraction projects in the world.

"Financial institutions everywhere must end lending, underwriting and investments in coal anywhere – including new coal infrastructure, power plants and mines." - Antonio Guterres, U.N. Secretary General

Guardian 2022: 195 Carbon Bombs

LeMonde: 422 Carbon Bombs, 128 in Planning

ScienceDirect: 425 Carbon Bombs

Each has a lifetime emissions potential of a gigaton of CO2 Total is 4 times the current global climate change reduction target.

France has the most capital funding for Carbon Bomb projects. France is funding an unbelievable number of these projects, many of which will be built and operated in the global south. Of these 425, only 128 are still in the planning or building stage, and not currently operating.

CarbonBombs.Org: France

Valerie Masson-Delmotte: “Fossil fuel companies and banks have implemented a cynical strategy,”

Valerie Masson-Delmotte a climate scientist at CEA Paris-Saclay who worked on the most recent Intergovernmental Panel on Climate Change. IPCC Index

Despite an aim to become carbon neutral by 2050, she said, they were “acting now to increase the use of fossil fuels..."