Answer Happy

Part (a) (b) (c) (d) 2016 estimates were that there were 1,650,585,140,000 barrels of crude oil proven reserves in the world. Oil consumption per year was 35,442,913,090 barrels per year. Based on the 2016 estimates, compute the amount of years of oil left, assuming that consumption does not change. Using a commonly accepted definition of sustainable development, explain why the answer to part (a) is an issue. In 2021, oil left in the world is roughly 1,457,000,000,000 barrels. Compare this figure to the predicted reserves based on 2016 figures. Briefly discuss possible causes for the difference. A recent news commentary stated: "The 26th UN Climate Change Conference of the Parties (COP26) has started. This COP26 summit brings parties together to accelerate action towards the goals of the Paris Agreement and thus limit global warming to well below 2°C. While progress is being made, recent estimates suggest we are not on track to meet the Paris targets, and more must be done." Briefly explain why international agreements and accords are important and what their main function is. Points 5 10 5 5