Explanation:

The Production Gap Report was released recently by the United Nations Environment Programme (UNEP).
Key highlights of the report

• This report highlights the discrepancy between countries’ planned fossil fuel production levels and the global levels necessary to limit warming to 1.5°C or 2°C.
• To limit warming to 1.5°C or well below 2°C, as required by the 2015 Paris Agreement, the world needs to wind down fossil fuel production.
• Instead, governments continue to plan to produce coal, oil, and gas far in excess of the levels consistent with the Paris Agreement temperature limits.
• This gap is large, with countries aiming to produce 120% more fossil fuels by 2030 than would be consistent with limiting global warming to 1.5°C.
• The production gap report modelled after the UNEP’s Emissions Gap Report series and conceived as a complementary analysis.

Hence option 3rd is correct.