The Situation

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.

Recent reports from the UN Environment Programme, the International Energy Agency and the Intergovernmental Panel on Climate Change have made it clear that it requires significant reductions in coal, oil and natural (fossil) gas to reach the goals of the Paris Agreement.

Estimates suggest that globally, if we are to have a reasonable chance of avoiding dangerous climate change, by 2050 we can burn no more than:

42%

of current proven oil reserves

41%

of current proven gas reserves

Source

Despite this, current government plans amount to an increase in oil and gas production which would result in 57 per cent more gas produced by 2030 than is consistent with the 1.5°C limit.

This needs to change.

Our Solution

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 enable the participation of goverments that are not yet ready to commit to a full ban on oil and gas production. The idea is that BOGA will help them on this journey, for instance by enhancing their ability to access various types of technical and analytical support related to oil and gas production phase-out and just transition.

We expect BOGA to raise climate ambition through a combination of high-level political dialogue, alongside policy and technical support to countries that are looking to implement supply-side measures.