| Summary/Abstract |
Meeting the Paris targets requires reducing both fossil fuel demand and supply, and closing the “production gap” between climate targets and energy policy. But there is no supply-side mitigation roadmap yet. We need criteria to decide where to focus efforts.
Here, we identify 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. Already producing carbon bombs account for a significant percentage of global fossil fuel extraction. But 40% of carbon bombs have not yet started extraction.
|