Last month, governments awarded 14 new oil and gas exploration licences across four countries, unlocking reserves that—if burned—would emit roughly 48.3 MtCO2.
Last month, governments across five countries granted 55 new oil and gas exploration licences, locking in reserves whose eventual combustion would unleash roughly 382.4 MtCO2.
In May 2025, countries awarded oil and gas exploration licences with an estimated 143.4 million tonnes of embodied carbon dioxide emissions, corresponding to 109,000 km2 of new acreage.
Last month, a total of 23 oil and gas exploration licences were awarded across five countries. Israel awarded licences with the largest volume of embodied emissions.
Last month, a total of 22 oil and gas exploration licences were awarded across six countries, with an estimated volume of discovered resources of 45.4 million barrels of oil and 10.4 billion cubic feet of gas.
Last month, a total of 78 oil and gas exploration licences were awarded in two countries. The United States had the largest volume of embodied emissions in the licences it awarded.
G20 governments provided at least USD 168 billion in public financial support for renewable power in 2023, less than one third of G20 fossil fuel subsidies that year.