Countries are planning to boost fossil fuel production beyond 2023 levels, with projections for 2030 exceeding what is compatible with limiting global warming to 1.5°C by over 120%, according to a joint report.

The report highlights that coal remains the dirtiest fossil fuel, and China's slow progress in reducing coal significantly hampers global climate efforts.

There is an urgent need for governments to commit to steep declines in fossil fuel production to bridge the gap between current plans and climate goals.

Despite these setbacks, renewable energy is experiencing record deployment of solar, batteries, and electric vehicles, with costs falling to make renewables the cheapest new electricity source in many regions.

The report emphasizes that positive trends in clean energy, including decreasing costs and increased deployment, are helping to accelerate the transition away from fossil fuels.

A separate report points out that only a small fraction of planned low-carbon industrial projects are currently financed, representing a significant opportunity to support the energy transition.

Experts stress the importance of reducing fossil fuel investments, expanding renewables, and ensuring community-centered transitions to prevent climate chaos and promote economic justice.

Current trajectories risk either sustained high fossil fuel use or abrupt declines, both of which could cause severe economic and climate impacts, underscoring the need for governments to align their plans with climate targets.

There is a widening gap between government commitments and the science-based targets needed to reduce global emissions, highlighting the urgency for policy changes.

Canada is reversing some climate policies, such as repealing the carbon price and pausing electric vehicle mandates, while expanding fossil fuel infrastructure like the Trans Mountain pipeline.

As COP30 approaches, geopolitical challenges and lack of political consensus, especially in the EU, hinder climate action, with some member states hesitant to commit to more ambitious targets.

The global increase in fossil fuel production is driven by high demand, but the growth of renewables has not yet peaked, risking a rebound effect that could encourage further fossil fuel consumption.

The Mineral Security Partnership, launched by the U.S., aims to promote responsible mineral supply chains, with Indonesia being a key partner due to its significant production of critical minerals vital for clean energy technologies.