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international climate policy

The UNFCCC secretariat released a major report aggregating greenhouse gas emission reductions captured from 146 countries that submitted their national plans (or INDCs) as of October 1, 2015. These countries represent 86 percent of global emissions. Additional countries have submitted their national plans since October 1 and will continue to do so. The report finds that the INDCs represent a substantial slowdown in emissions growth achieved in a cost-effective way. Yet, countries will need to take additional actions to reduce emissions further before 2030.

We’re now halfway towards the 2020 deadline – set in 2009 – for developed countries to mobilize $100 billion a year in climate finance. It’s essential to show that developed countries are keeping their commitments so developing countries know they have support for ambitious action when countries meet to forge a new global climate agreement in Paris this December. So with five years to go, how close are we to $100 billion a year? And how could we get there?

Today India formally submitted its national climate plan (INDC) to the UNFCCC. The plan includes a commitment to reduce emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 levels, achieve about 40 percent cumulative electric power from non-fossil fuel based energy resources by 2030, and create an additional carbon sink of 2.5 to 3 million tonnes of carbon dioxide through additional forest and tree cover by 2030.

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