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."

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