Avoiding dangerous levels of climate change and delivering on the Paris Agreement require a dramatic shift in the way that we produce and use energy. Phasing out oil and gas production is a critical part of that challenge.
In 2030, governments’ production plans and projections would lead to around 240% more coal, 57% more oil, and 71% more gas than would be consistent with limiting global warming to 1.5°C.
This needs to change.
BOGA’s core members are committing to end new concessions, licensing or leasing rounds and to set a Paris-aligned date for ending oil and gas production.
To date, the issue of phasing out oil and gas production – that is the supply-side of the equation – has not received sufficient attention in the global climate discussions. BOGA seeks to change this.
Curbing demand for oil and gas is crucial, but it’s not a case of demand or supply, we need action on demand and supply. We need to cut with both hands of the scissors, if we are to reduce emissions, avoid significant stranded assets, and benefit from the opportunities associated with the net-zero transition.
How is Oil and Gas Production Defined?
Oil and gas production is defined as the upstream exploration, development and production of oil and gas up to, but not including, midstream and downstream activities.
How will BOGA make a difference?
BOGA is designed to raise climate ambition among governments through high-level political dialogue alongside policy and technical support related to oil and gas production phase-out and just transition. Through a cumulative, tiered membership structure, BOGA will provide the means and motivation to increase ambition over time.
BOGA fully recognises that some countries will have a greater capacity to phase-out oil and gas production faster. Industrialised countries must lead the way. At the same time, this is a global challenge that requires global solutions.