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However, according to the Tropical Peat Research Laboratory, at least one measurement has shown that oil palm plantations are carbon sinks because oil palms convert carbon dioxide into oxygen just as other trees do, [71] and, as reported in Malaysia's Second National Communication to the United Nations Framework Convention on Climate Change ...
Major floods in December 2021 were linked to climate change by several experts. [10] Agriculture is further threatened by droughts and floods. Rice yields may decline by 60%. Other potentially impacted products include rubber, palm oil, and cocoa. [5]: 2 Annual drought probability, which currently lies at 4%, may increase to 9%.
Products containing Certified Sustainable Palm Oil (CSPO) can carry the RSPO trademark. [4] Members of the RSPO include palm oil producers, environmental groups, and manufacturers who use palm oil in their products. In 2014, Indonesia accounted for 40% of global palm oil production and 44% of the total RSPO-certified areas. [5]
Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday.
An oil spill is the release of a liquid petroleum hydrocarbon into the environment, especially marine areas, due to human activity, and is a form of pollution. The term is usually applied to marine oil spills, where oil is released into the ocean or coastal waters, but spills may also occur on land.
But oil palm plantations are the opposite. Studies have shown that oil palm plantations have less than 1% of the plant diversity seen in natural forests, and 47–90% less mammal diversity. [109] This is not because of the oil palm itself, but rather because the oil palm is the only habitat provided in the plantations.
As a result, despite global economic uncertainties, rising geopolitical tensions, intensifying climate change concerns, and a strengthened plan for phasing out fossil fuels, oil and gas M&A ...
The remains of a peat forest in Indragiri Hulu, Riau Province, Indonesia to make way for oil palm plantation.. Production of palm oil in Indonesia has, since 1964, recorded a phenomenal increase from 157,000 metric tons (155,000 long tons; 173,000 short tons) to 41.5 million metric tons (40,800,000 long tons; 45,700,000 short tons) in 2018 [7] and a total of 51 million metric tons (50,000,000 ...