The Environment Correspondent of the British Broadcasting Corporation.
Image source, ReutersAccording to a new report, the world is witnessing a gold rush for new fossil fuel projects.
New investment in oil and gas is a result of soaring energy prices.
The world is at risk of being locked into "irreversible warming", according to a report.
The emission of gases produced by fossil fuels needs to be dramatically cut.
It is believed that the only way to keep global temperature from rising to 1.5 degrees is to follow that path.
There seems to be a gold rush for new fossil fuel infrastructure according to Professor Hhne.
"It helps with short-term energy supply, but new infrastructure will be there for decades and we will definitely miss the climate targets," he said.
At the UN Bonn Climate Change conference, diplomats are meeting to discuss energy security.
The war in Ukraine should not be used as an excuse to prolong the use of coal according to John Kerry. A number of countries did not live up to their promises at the climate summit.
Most Western countries have stopped buying fossil fuels from Russia since the beginning of the war.
More ambitious targets for transitioning to renewable energy sources like wind and solar have been announced by many.
Liquefied natural gas facilities are being proposed in Germany, Italy, Greece, the Netherlands and Canada. The US, Qatar, Egypt, and Algeria have all signed deals to export gas to Europe.
The plans will either end up as massive stranded assets or they will lock the world into irreversible warming according to the report.
The melting of large ice sheets may act as a tipping point unleashing further accelerated climate change.
The EU's plans to move away from using Russian fossil fuels and towards renewable energy have been criticized.
The European Commission says it is a short-term move to secure energy supplies while renewable capacity is built, as part of the "REpowerEU" up to 12 billion.
Image source, Science Photo LibraryRegulators in the UK approved the development of a gas field in the North Sea which has the potential to produce 6.5% of Britain's gas output. Shell's proposals for the Jackdaw field were initially rejected on environmental grounds, but approval came as the UK government tries to boost domestic energy output.
The UK's business minister said at the time that they were also realistic about their energy needs. We need more of the gas we need from British waters.
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