Global climate plans still fall short

Global climate plans still fall short

Nearly all the 2015 Paris Accord climate targets are being missed. COP28 is probably the last chance to head off a climate catastrophe, but the prospects of the world uniting in the effort are poor. / bne IntelliNews

By Martin Armstrong for Statista December 1, 2023

Ahead of the Cop28 climate summit beginning on November 30 in Dubai, Sultan Al Jaber, the Cop28 president-designate has said that he believes an "unprecedented outcome" is still on the cards – keeping alive hopes that a deal committing to the limiting of global temperature rises to 1.5°C may still be achievable, reports Statista.

In an interview with The Guardian, Al Jaber spoke of the "positive momentum" he has seen in recent weeks, adding: "Getting back on track, and ensuring that the world accepts a robust understanding of a roadmap to 2030 that will keep 1.5°C within reach is my only goal.” Despite many national governments seemingly recognising the urgency of the climate situation, the latest estimates from Climate Action Tracker suggest that the current 2030 pledges will result in a global median temperature increase of 2.4°C by 2100 – dangerously higher than the 1.5°C target formalised by the Paris Agreement.

Even in the best-case scenario, an increase of 1.8°C is forecast (with lower and upper estimates of 1.5 and 2.3). As Climate Action Tracker warns, "global efforts to limit warming to 1.5°C are failing across the board, with recent progress made on every indicator – except electric passenger car sales – lagging significantly behind the pace and scale that is necessary to address the climate crisis."

You will find more infographics at Statista

Related Content

Did Russia shoot down the Azal passenger plane that crashed in Kazakhstan?

Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard

Russia sentences dual US-Russian citizen to 15 years on espionage charges

Did Russia shoot down the Azal passenger plane that crashed in Kazakhstan?

Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard

Russia sentences dual US-Russian citizen to 15 years on espionage charges

#REM #renewables #climatecrisis #renewables #ESG #bneGreen #COP28

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Did Russia shoot down the Azal passenger plane that crashed in Kazakhstan?

Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard

Russia sentences dual US-Russian citizen to 15 years on espionage charges

Did Russia shoot down the Azal passenger plane that crashed in Kazakhstan?

Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard

Russia sentences dual US-Russian citizen to 15 years on espionage charges

Data

Turkey launches monetary easing cycle with 250bp rate cut

Regulator also narrows interest rate corridor.

Turkey hikes minimum wage by 30% in line with financial market demands

Increase compares to official inflation of towards 50%, unofficial inflation of towards 90%. Turks in usual fury.

Dollar hits new high in Tehran ahead of international holidays

Iran’s currency markets recorded another surge in the US dollar, which reached IRR 787,500 on the open market on December 24, setting a new record high.

Russia’s CBR keeps key rate at 21% under pressure

In a surprise decision CBR governor Elvia Nabiullina kept interest rates on hold at 21% as she comes under mounting pressure from Russian President Vladimir Putin and the oligarchs who accuse her of destroying the economy.

Polish industrial production disappoints in November as output falls 1.5% y/y

Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.

Turkey launches monetary easing cycle with 250bp rate cut

Turkey hikes minimum wage by 30% in line with financial market demands

Dollar hits new high in Tehran ahead of international holidays

Russia’s CBR keeps key rate at 21% under pressure

Polish industrial production disappoints in November as output falls 1.5% y/y

Dismiss

Chat with usLiveChat