Latest ClimateTRACE release shows significant under-reporting!

Climate TRACE has released at COP27 its latest inventory of GHG emissions, which is now the most detailed global inventory of GHG emissions assembled and made publicly available to date. You can watch Former US Vice President Al Gore announcing the release with the UN Secretary General António Guterres at COP27 now: https://unfccc.int/event/al-gore-and-the-climate-trace-coalition-release-detailed-inventory-of-the-sources-of-ghg-emissions

The latest release includes:

- Facility-level emissions data for 70K+ individual sources worldwide, which represent the top known sources of emissions across two dozen sectors of the global economy.
- Expanded annual country- and sector- level emissions through 2021 (with data beginning in 2015, the year of the Paris Agreement).
- Refined previous estimates with updated inputs and improved methodologies.
- New capability to examine data by different major greenhouse gases (Carbon dioxide, Methane, Nitrous Oxide).
- The ability to compare 20- vs. 100-year global warming potential.

Some of the key findings are:

Half of the 50 largest sources of emissions are oil and gas production fields and their associated facilities.
The top 500 sources represent less than 1% of the total Climate TRACE inventory but account for 14% of global emissions for 2021 – more than the annual emissions of the United States.
Globally, emissions from oil and gas production are significantly underreported. With Climate TRACE data showing that of the countries required to report regularly to the UNFCCC, emissions are as much as three times higher.