Berliner Boersenzeitung - World far off track to meet climate goals: UN

EUR -
AED 4.240369
AFN 72.15222
ALL 96.010337
AMD 436.919504
ANG 2.066474
AOA 1058.793523
ARS 1611.346204
AUD 1.619451
AWG 2.081217
AZN 1.956813
BAM 1.954992
BBD 2.322141
BDT 141.961354
BGN 1.902418
BHD 0.435943
BIF 3443.207399
BMD 1.154628
BND 1.475803
BOB 8.002694
BRL 5.953725
BSD 1.159021
BTN 106.671933
BWP 15.538581
BYN 3.421487
BYR 22630.709035
BZD 2.32374
CAD 1.569088
CDF 2514.779555
CHF 0.902925
CLF 0.02624
CLP 1036.117313
CNY 7.927964
CNH 7.941814
COP 4277.400294
CRC 546.088594
CUC 1.154628
CUP 30.597642
CVE 110.219467
CZK 24.401878
DJF 206.38474
DKK 7.472313
DOP 70.322776
DZD 152.019482
EGP 60.501383
ERN 17.31942
ETB 179.476842
FJD 2.542721
FKP 0.861459
GBP 0.862986
GEL 3.134839
GGP 0.861459
GHS 12.557812
GIP 0.861459
GMD 84.865656
GNF 10160.978406
GTQ 8.886329
GYD 242.829685
HKD 9.03661
HNL 30.67999
HRK 7.534179
HTG 152.079809
HUF 387.852834
IDR 19508.768085
ILS 3.611873
IMP 0.861459
INR 106.414793
IQD 1518.082222
IRR 1526158.440873
ISK 144.802275
JEP 0.861459
JMD 181.545788
JOD 0.818637
JPY 183.472718
KES 149.235293
KGS 100.972297
KHR 4652.158731
KMF 491.871195
KPW 1039.203539
KRW 1708.901395
KWD 0.354321
KYD 0.96568
KZT 569.203375
LAK 24825.626652
LBP 103846.100171
LKR 360.285917
LRD 212.092383
LSL 18.976577
LTL 3.409316
LVL 0.698422
LYD 7.371955
MAD 10.850618
MDL 19.986743
MGA 4805.015002
MKD 61.626888
MMK 2424.742133
MNT 4122.187229
MOP 9.342467
MRU 46.280084
MUR 53.008821
MVR 17.838953
MWK 2009.669786
MXN 20.47174
MYR 4.534194
MZN 73.792291
NAD 18.976577
NGN 1612.160702
NIO 42.653118
NOK 11.181475
NPR 170.679925
NZD 1.957112
OMR 0.443952
PAB 1.159021
PEN 3.972159
PGK 4.994002
PHP 68.655391
PKR 323.852513
PLN 4.26462
PYG 7511.896763
QAR 4.226054
RON 5.093531
RSD 117.396804
RUB 91.506257
RWF 1693.600357
SAR 4.332422
SBD 9.289193
SCR 16.157733
SDG 693.931492
SEK 10.71179
SGD 1.473265
SHP 0.86627
SLE 28.4012
SLL 24211.971348
SOS 661.229703
SRD 43.267957
STD 23898.468664
STN 24.490201
SVC 10.139538
SYP 128.022081
SZL 18.975161
THB 36.770303
TJS 11.109011
TMT 4.041198
TND 3.396597
TOP 2.780068
TRY 50.935488
TTD 7.863764
TWD 36.731256
TZS 3002.032787
UAH 51.094292
UGX 4282.230969
USD 1.154628
UYU 46.620741
UZS 14079.415542
VES 505.331309
VND 30335.541759
VUV 138.091343
WST 3.13415
XAF 655.68613
XAG 0.013274
XAU 0.000223
XCD 3.12044
XCG 2.088575
XDR 0.815463
XOF 655.68613
XPF 119.331742
YER 275.496587
ZAR 19.12766
ZMK 10393.037421
ZMW 22.542687
ZWL 371.789749
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.3300

    17.35

    -1.9%

  • CMSC

    -0.0100

    23.24

    -0.04%

  • GSK

    -0.1700

    55.15

    -0.31%

  • AZN

    -1.6800

    193.31

    -0.87%

  • BCE

    -0.5000

    25.89

    -1.93%

  • VOD

    -0.0600

    14.4

    -0.42%

  • NGG

    -0.1600

    89.69

    -0.18%

  • BCC

    -0.6400

    71.9

    -0.89%

  • RIO

    0.4000

    92.08

    +0.43%

  • RELX

    -0.4300

    34.76

    -1.24%

  • JRI

    0.2100

    12.85

    +1.63%

  • BTI

    -0.2500

    59.16

    -0.42%

  • BP

    1.6200

    41.56

    +3.9%

  • CMSD

    0.0700

    23.15

    +0.3%

World far off track to meet climate goals: UN
World far off track to meet climate goals: UN / Photo: Sergio Lima - AFP/File

World far off track to meet climate goals: UN

The UN estimated Tuesday that nations' carbon-cutting pledges imply a far-from-sufficient 10-percent emissions cut by 2035, cautioning that it was unable to provide a robust global overview after most countries failed to submit their plans on time.

Text size:

With just days to go before tense COP30 climate talks in Brazil, vulnerable small island nations slammed an "alarming" lack of new climate pledges, especially from major polluters.

UN Climate Change was unable to include crucial targets announced by China and the European Union in its formal assessment of national 2035 pledges because neither has officially submitted detailed plans.

Instead, it incorporated these announcements in a rough calculation alongside its report, showing the world is for the first time setting heat-trapping emissions on a falling trajectory -- but nowhere near fast enough.

UN Secretary-General Antonio Guterres said last week that slow action from nations meant it was "inevitable" that efforts to limit temperature rise to 1.5C would fail in the short term, unleashing devastating impacts during a period of overshoot as countries worked to pull temperatures back down again by the end of the century.

The UN's Intergovernmental Panel on Climate Change has said emissions must fall 60 percent by 2035, from 2019 levels, for a good chance of limiting global warming to 1.5C above pre-industrial levels -- the more ambitious goal of the Paris climate deal.

"The science is equally clear that temperatures absolutely can and must be brought back down to 1.5C as quickly as possible after any temporary overshoot, by substantially stepping up the pace on all fronts," UN climate chief Simon Stiell said in a statement.

- 'Limited picture' -

The two-week COP30 climate negotiations in the Amazon, which start on November 10, are tasked with galvanising momentum in the face of a hostile United States, geopolitical tensions and economic concerns.

They also come as the uptake of renewable energy across the world -- driven by China -- has given impetus to countries' 2023 promise to "transition away" from polluting fossil fuels.

The Alliance of Small Island States (AOSIS) noted the "alarming lack of updated targets, especially from bigger countries with significantly more resources than developing countries which bear the disproportionate burden of a climate crisis they did not cause".

It added that the pace of progress should "send shock waves through every citizen".

Under the 2015 Paris Agreement countries committed to limit global warming to well below 2C since the pre-industrial era (1850-1900) -- 1.5C if possible.

With average warming already around 1.4C today, many scientists believe that the 1.5C threshold will likely be breached before the end of this decade as humans continue to burn oil, gas, and coal.

If temperatures overshoot 1.5C, experts say humanity would probably have to try to pull warming back down by using technologies to remove carbon from the atmosphere that are not yet operational at scale.

Countries are supposed to provide increasingly ambitious plans known as Nationally Determined Contributions (NDCs) every five years, with plans to 2035 due in this year.

The UN on Tuesday said just 64 of the nearly 200 parties to the Paris Agreement had submitted their NDCs by its end of September cut-off date for the official annual report.

As a result Stiell said the document "provides quite a limited picture", compelling the UN to attempt a more general calculation suggesting a 10 percent fall by 2035.

The estimate included the US submission made before the return of Donald Trump as US president in January.

He has since announced he is pulling the United States out of the Paris deal for a second time, called climate change a "hoax", and has moved to curb scientific study and data collection.

The estimate also incorporated a pledge by China, the world's biggest polluter, to reduce emissions by 7–10 percent by 2035, its first absolute national target.

The European Union's "statement of intent" to cut emissions between 66.25 percent and 72.5 percent by 2035 compared to 1990 levels was also taken into account.

It was announced in September as the 27-nation bloc grappled with internal disagreements about its climate ambitions.

"We are still in the race, but to ensure a liveable planet for all eight billion people today, we must urgently pick up the pace, at COP30 and every year thereafter," Stiell said.

(T.Renner--BBZ)