December 10, 2022

Climate pledges are falling short, and a tumultuous future looks like a reality

Globally last year Climate Summit in Glasgow, Countries pledged to redouble efforts to reduce emissions from burning dangerously global-warming oil, gas and coal. They also agreed to increase funding for technologies that help developing economies transition from fossil fuels to wind, solar and other renewable energy sources.

A United Nations report on nationally determined contributions, or NDCs, examined pledges made by countries that signed the 2015 Paris Agreement to reduce their emissions, pledging to renew and strengthen their commitments every five years. The 2020 meeting has been postponed for a year due to the coronavirus pandemic. In 2021, acknowledging the urgency of the climate crisis, countries agreed not to wait another five years and instead pledged to make new pledges ahead of climate talks starting in Egypt on November 7.

Darrin Franzen, a senior research fellow at the World Resources Institute, called the current trajectory of global temperature increase “dangerously high.”

China, currently the world’s biggest emitter of greenhouse gases, is one of the main players in the new commitments despite submitting a new pledge ahead of last year’s summit in Scotland. China has said its carbon dioxide emissions will continue to grow until they peak in 2030, but it has not set targets to reduce other greenhouse gases, such as methane, which emit large amounts equivalent to the total emissions of smaller countries.

Last year, China said it would stop building coal-fired power plants overseas. As of August, 26 of 104 such projects have been shelved, preventing 85 million tonnes of carbon dioxide from entering the atmosphere every year. Energy and Clean Air Research Center.

Analysis by the World Resources Institute found that countries’ current pledges would cut global greenhouse gas emissions by 7 percent from 2019, although a six-fold, 43 percent reduction would be needed to limit global warming to 1.5 degrees Celsius. .

“Among the major economies, we’ve seen some countries renew this year. India formalized its commitments; Australia renewed their regime when they got a new government; Indonesia followed,” said the World Resources Institute’s Ms Franzen. They fail to renew, so they make up for lost time.”