Berliner Boersenzeitung - Paris climate targets feasible if nations keep vows

EUR -
AED 4.343054
AFN 77.464136
ALL 96.578481
AMD 443.001294
ANG 2.116924
AOA 1084.432259
ARS 1696.425045
AUD 1.722632
AWG 2.13043
AZN 2.015092
BAM 1.955364
BBD 2.363473
BDT 143.548016
BGN 1.986001
BHD 0.442401
BIF 3475.425631
BMD 1.182587
BND 1.500966
BOB 8.109193
BRL 6.256361
BSD 1.173439
BTN 107.717999
BWP 16.277373
BYN 3.32206
BYR 23178.695489
BZD 2.360074
CAD 1.622687
CDF 2578.039008
CHF 0.922409
CLF 0.026073
CLP 1029.489324
CNY 8.24689
CNH 8.21806
COP 4228.657801
CRC 580.770597
CUC 1.182587
CUP 31.338542
CVE 110.240437
CZK 24.267271
DJF 208.973438
DKK 7.466899
DOP 73.933527
DZD 153.154875
EGP 55.703589
ERN 17.738798
ETB 182.791072
FJD 2.661179
FKP 0.870315
GBP 0.866681
GEL 3.18162
GGP 0.870315
GHS 12.79115
GIP 0.870315
GMD 86.329235
GNF 10278.709772
GTQ 9.006993
GYD 245.515296
HKD 9.221278
HNL 30.954103
HRK 7.533317
HTG 153.905708
HUF 382.153287
IDR 19840.785951
ILS 3.707232
IMP 0.870315
INR 108.316693
IQD 1537.357457
IRR 49816.456691
ISK 145.777895
JEP 0.870315
JMD 184.718842
JOD 0.838501
JPY 184.146504
KES 151.256298
KGS 103.416722
KHR 4722.947667
KMF 496.686746
KPW 1064.353704
KRW 1710.387141
KWD 0.362349
KYD 0.977982
KZT 590.738376
LAK 25359.349612
LBP 105085.885516
LKR 363.548997
LRD 217.091629
LSL 18.94048
LTL 3.491871
LVL 0.715335
LYD 7.466336
MAD 10.748905
MDL 19.97255
MGA 5308.817127
MKD 61.616271
MMK 2483.187819
MNT 4218.830116
MOP 9.4253
MRU 46.916546
MUR 54.292994
MVR 18.271409
MWK 2034.84661
MXN 20.533372
MYR 4.736855
MZN 75.57955
NAD 18.94048
NGN 1680.526824
NIO 43.180379
NOK 11.555294
NPR 172.348599
NZD 1.987207
OMR 0.454249
PAB 1.173539
PEN 3.936823
PGK 5.018882
PHP 69.733624
PKR 328.342141
PLN 4.208885
PYG 7847.251532
QAR 4.278347
RON 5.101724
RSD 117.373848
RUB 89.207823
RWF 1711.518652
SAR 4.433442
SBD 9.606873
SCR 16.856244
SDG 711.330129
SEK 10.584272
SGD 1.505082
SHP 0.887246
SLE 28.859447
SLL 24798.24684
SOS 669.450838
SRD 45.081425
STD 24477.153012
STN 24.494542
SVC 10.267712
SYP 13078.904017
SZL 18.935781
THB 36.920787
TJS 10.972155
TMT 4.139053
TND 3.416239
TOP 2.847384
TRY 51.246799
TTD 7.971224
TWD 37.116428
TZS 3004.130641
UAH 50.599026
UGX 4148.075755
USD 1.182587
UYU 44.440098
UZS 14242.826515
VES 416.584326
VND 31036.982812
VUV 141.661813
WST 3.258757
XAF 655.810877
XAG 0.011483
XAU 0.000237
XCD 3.196
XCG 2.114929
XDR 0.815618
XOF 655.810877
XPF 119.331742
YER 281.814608
ZAR 19.0597
ZMK 10644.701884
ZMW 23.02187
ZWL 380.792372
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -0.8100

    83.23

    -0.97%

  • CMSD

    0.0900

    24.13

    +0.37%

  • GSK

    0.5000

    49.15

    +1.02%

  • NGG

    1.3200

    81.5

    +1.62%

  • BTI

    0.9400

    59.16

    +1.59%

  • BP

    1.1000

    36.53

    +3.01%

  • CMSC

    0.1000

    23.75

    +0.42%

  • RELX

    0.0600

    39.9

    +0.15%

  • RIO

    3.1300

    90.43

    +3.46%

  • BCE

    0.4900

    25.2

    +1.94%

  • JRI

    0.0100

    13.68

    +0.07%

  • BCC

    -1.1800

    84.33

    -1.4%

  • AZN

    1.2600

    92.95

    +1.36%

  • RYCEF

    0.3000

    17.12

    +1.75%

  • VOD

    0.2300

    14.17

    +1.62%

Paris climate targets feasible if nations keep vows
Paris climate targets feasible if nations keep vows / Photo: DIMITAR DILKOFF - AFP/File

Paris climate targets feasible if nations keep vows

If all nations honour promises to reduce greenhouse gas emissions, there is a chance of capping the rise in global temperatures to under two degrees Celsius, the cornerstone target of the Paris Agreement, researchers said Wednesday.

Text size:

But that is a very big "if", they acknowledge in a peer-reviewed study, published in Nature.

The calculus includes not only carbon-cutting commitments officially registered under the 2015 treaty, but a raft of pledges made on the sidelines of last years COP26 UN climate summit in Glasgow -- to curb deforestation and methane leaks, for example -- that lack means for monitoring or verification.

They also include actions to lower emissions in developing countries that are contingent on financing, something wealthy nations have so far failed to deliver at agreed-upon levels.

The new estimates likewise fold in pledges to become carbon neutral by mid-century that do not detail how that will be achieved.

"Long-term targets should be treated with scepticism if they are not supported by short-term commitments to put countries on a pathway in the next decade to meet those targets," Zeke Hausfather, a researcher at Berkeley Earth, said, commenting on the study.

Most rich countries have announced they will be "net zero" by 2050, while China and India have vowed to reach that point by 2060 and 2070, respectively.

"Is our study a good news story?" lead author Malte Meinshausen, a professor at the University of Melbourne, asked in a briefing with journalists.

"Yes, because for the first time we can possibly keep warming below the symbolic 2C mark with promises on the table," he continued.

- Curb your optimism -

"And no, because we show clearly that increased action this decade is necessary for us to have a chance of not shooting past 1.5C by a large margin."

As deadly and costly climate impacts have increased, most nations have embraced the Paris deal's more ambitious "aspirational" target of holding the rise in global temperatures to 1.5C above preindustrial levels.

The UN's Intergovernmental Panel on Climate Change (IPCC) said in a landmark report earlier this month that carbon pollution must peak before 2025 and be cut in half by 2030 to have even a chance of reaching that goal.

Recent trends do not suggest the world is headed in the right direction: greenhouse gas emissions last year regained the record levels of 2019 after Covid lockdowns lowered them in 2020.

"Some government and business leaders are saying one thing –- but doing another," UN chief Antonio Guterres said last week when the IPCC report was launched. "Simply put, they are lying."

The new research analyses data from 196 countries from 2015 until the end of the COP26 meeting in mid-November 2021.

It concludes that if all pledges are implemented in full and on time, warming can be limited to 1.9C to 2.0C.

Unless immediate steps are taken to drive down emissions even further, 1.5C will almost certainly remain out of reach, the authors said.

If no additional efforts are made beyond pledges -- know as nationally determined contributions -- submitted under the Paris Agreement, Earth's surface will warm to a catastrophic 2.8C, the IPCC has said.

"Optimism should be curbed until promises to reduce emissions in the future are backed up with stronger short-term action," Hausfather and Frances Moore, a scientist at the University of California, Davis said in a comment, also in Nature.

(T.Burkhard--BBZ)