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

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%

  • NGG

    1.3200

    81.5

    +1.62%

  • VOD

    0.2300

    14.17

    +1.62%

  • RELX

    0.0600

    39.9

    +0.15%

  • CMSC

    0.1000

    23.75

    +0.42%

  • GSK

    0.5000

    49.15

    +1.02%

  • BCE

    0.4900

    25.2

    +1.94%

  • RYCEF

    0.3000

    17.12

    +1.75%

  • BTI

    0.9400

    59.16

    +1.59%

  • RIO

    3.1300

    90.43

    +3.46%

  • BP

    1.1000

    36.53

    +3.01%

  • JRI

    0.0100

    13.68

    +0.07%

  • CMSD

    0.0900

    24.13

    +0.37%

  • BCC

    -1.1800

    84.33

    -1.4%

  • AZN

    1.2600

    92.95

    +1.36%

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)