Today’s report from the United Nations Framework Convention on Climate Change on the Nationally Determined Contributions of all Parties to the Paris Agreement shows that the world is on a catastrophic pathway to 2.7-degrees of heating.
This is breaking the promise made six years ago to pursue the 1.5-degree Celsius goal of the Paris Agreement. Failure to meet this goal will be measured in the massive loss of lives and livelihoods.
Science tells that we need a 45 per cent cut in emissions by 2030 to reach carbon neutrality by mid-century. Today’s report implies an increase of 16 per cent in emissions in 2030 compared to 2010 levels.
The recent report of the Intergovernmental Panel on Climate Change was a code red for humanity. But it also made clear that it is not too late to meet the Paris Agreement 1.5-degree target. We have the tools to achieve this target. But we are rapidly running out of time.
G20 nations account for 80% of global emissions. Their leadership is needed more than ever. The decisions they take now will determine whether the promise made at Paris is kept or broken.
Before COP 26 all nations should submit a more ambitious NDC that help to place the world on a 1.5-degree pathway. We also need developed nations to finally deliver on the US100 billion commitment promised over a decade ago in support to developing countries. The Climate Finance report published today by the OECD shows that this goal has not been reached either.
Finally, we need all donors and MDBs to commit to provide at least 50% of their public climate finance towards supporting vulnerable developing to build resilience to worsening climate impacts.
The fight against climate change will only succeed if everyone comes together to promote more ambition, more cooperation and more credibility. No more ignoring science. No more ignoring the demands of people everywhere. It is time for leaders to stand and deliver, or people in all countries will pay a tragic price.