TROUBLED WATERS: - HOW NORTH SEA COUNTRIES ARE FUELING CLIMATE DISASTER

By assessing the need to move fast, and they need capacity and responsibility to rapidly oil and gas policies of all North to plan urgently for how to phase phase out extraction, and to finance Sea countries (Norway, the uK, out their oil and gas production in just transitions to renewable energy the Netherlands, Germany, and a fair and just way, both in terms solutions domestically and abroad. [...] under Not only are Norway and the UK and faster than in countries highly current policies, total oil and gas failing to address the impact of dependent on oil and gas revenues, production across the five North Sea their historic and current oil and gas especially those in the Global South countries is projected to decline by extraction, they are also facilitating that have fewer economic resources. [...] their assessments are economies.54 it is reasonable and Oil and gas production has a long measured according to the goal just that the international support history in the countries surrounding of limiting warming to 1.5°c, and and finance required to enable the North Sea, taking off in the according to countries’ economic a global exit from extraction be 1960s in the Netherlands and capacity, his. [...] it cannot be applied to the electricity used in those facilities.59 But these scopes 1 tailpipes of vehicles), and the majority of existing ccS and 2 emissions comprise only a small percentage of projects serve to boost oil and gas production.65 the the emissions from oil and gas production – a global emissions that are most difficult to fully eliminate are average of 20 percent for oil and 15 per. [...] assessments in the Plan for could increase the cumulative Development and Operation global carbon pollution caused by Benchmark 1: Align policy (PDO) and Plan for installation remaining Norwegian oil and gas framework with the Paris and Operation (PiO), as well as the production by nearly 75 percent goals and COP28 decision on environmental requirements that the between now and the end of the tran.