The strongest message corporations can send ahead of COP 21 is to set an emissions-reduction target in line with what science says is necessary to limit warming to 2°C.
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.
More than 150 countries have submitted climate action plans in the lead-up to COP 21 in Paris—but they're not all created equal.
The new UNFCCC synthesis report finds that all countries have upped their ambition from their pre-2020 climate actions, but there's still more work to do to limit global temperature rise to 2 degrees C and prevent the worst impacts of climate change.
BONN, GERMANY//WASHINGTON— The latest round of climate negotiations wrapped up today in Bonn, Germany. This is the final official round of negotiations before the international climate conference in Paris in December (COP21).
Following is a statement from Jennifer Morgan, global director, Climate Program, World Resources Institute:
Climate negotiations in Bonn this week are an essential prelude to the pivotal global meeting in Paris in December where countries will agree on a new international agreement to cope with a changing climate.
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?
As the world’s third-largest emitter and a country that’s highly vulnerable to the impacts of climate change, it is encouraging to witness India invest in actions to tackle climate change while addressing poverty, food security and access to healthcare and education.
South Africa’s newly released climate plan pledges to peak national emissions that cause climate change by 2025 and goes further than other countries on adaptation by quantifying what it will cost to adapt to climate change in light of several possible emissions scenarios.
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.