Zürcher Nachrichten - G20 failing to update carbon-cutting pledges: report

EUR -
AED 4.35335
AFN 77.050797
ALL 96.614026
AMD 452.873985
ANG 2.121943
AOA 1087.00321
ARS 1723.800654
AUD 1.702936
AWG 2.136666
AZN 2.019869
BAM 1.955248
BBD 2.406031
BDT 145.978765
BGN 1.990709
BHD 0.449191
BIF 3539.115218
BMD 1.18539
BND 1.512879
BOB 8.254703
BRL 6.231008
BSD 1.194568
BTN 109.699013
BWP 15.630651
BYN 3.402439
BYR 23233.647084
BZD 2.402531
CAD 1.615035
CDF 2684.909135
CHF 0.915901
CLF 0.026011
CLP 1027.058063
CNY 8.240537
CNH 8.248946
COP 4354.94563
CRC 591.535401
CUC 1.18539
CUP 31.412839
CVE 110.234327
CZK 24.334287
DJF 212.720809
DKK 7.470097
DOP 74.383698
DZD 153.702477
EGP 55.903178
ERN 17.780852
ETB 185.572763
FJD 2.613371
FKP 0.863571
GBP 0.865754
GEL 3.194674
GGP 0.863571
GHS 12.974143
GIP 0.863571
GMD 86.533903
GNF 10372.164298
GTQ 9.16245
GYD 249.920458
HKD 9.257838
HNL 31.365884
HRK 7.536597
HTG 156.336498
HUF 381.328619
IDR 19883.141804
ILS 3.663335
IMP 0.863571
INR 108.679593
IQD 1553.453801
IRR 49934.560565
ISK 144.985527
JEP 0.863571
JMD 187.197911
JOD 0.840489
JPY 183.433247
KES 152.915746
KGS 103.662825
KHR 4768.236408
KMF 491.93733
KPW 1066.928941
KRW 1719.752641
KWD 0.36382
KYD 0.995519
KZT 600.800289
LAK 25485.888797
LBP 101410.128375
LKR 369.427204
LRD 219.593979
LSL 19.132649
LTL 3.500149
LVL 0.717031
LYD 7.495914
MAD 10.835985
MDL 20.092409
MGA 5260.173275
MKD 61.631889
MMK 2489.287708
MNT 4228.659246
MOP 9.606327
MRU 47.30937
MUR 53.852723
MVR 18.32658
MWK 2059.023112
MXN 20.70407
MYR 4.672854
MZN 75.580924
NAD 18.967522
NGN 1643.520192
NIO 43.508231
NOK 11.437875
NPR 175.519161
NZD 1.96876
OMR 0.458133
PAB 1.194573
PEN 3.994177
PGK 5.066955
PHP 69.837307
PKR 331.998194
PLN 4.215189
PYG 8001.773454
QAR 4.316051
RON 5.097064
RSD 117.111851
RUB 90.544129
RWF 1742.915022
SAR 4.446506
SBD 9.544303
SCR 17.200951
SDG 713.016537
SEK 10.580086
SGD 1.505332
SHP 0.88935
SLE 28.834661
SLL 24857.038036
SOS 677.454816
SRD 45.104693
STD 24535.182964
STN 24.493185
SVC 10.452048
SYP 13109.911225
SZL 19.132635
THB 37.411351
TJS 11.151397
TMT 4.148866
TND 3.37248
TOP 2.854135
TRY 51.47818
TTD 8.110743
TWD 37.456003
TZS 3052.380052
UAH 51.199753
UGX 4270.811618
USD 1.18539
UYU 46.357101
UZS 14603.874776
VES 410.075543
VND 30749.020682
VUV 141.680176
WST 3.213481
XAF 655.774526
XAG 0.014004
XAU 0.000244
XCD 3.203577
XCG 2.153028
XDR 0.815573
XOF 655.774526
XPF 119.331742
YER 282.508153
ZAR 19.136335
ZMK 10669.938133
ZMW 23.443477
ZWL 381.695147
  • RIO

    -4.1000

    91.03

    -4.5%

  • CMSC

    0.0500

    23.76

    +0.21%

  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    0.5100

    80.81

    +0.63%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BTI

    0.4600

    60.68

    +0.76%

  • BCE

    0.3700

    25.86

    +1.43%

  • GSK

    0.9400

    51.6

    +1.82%

  • JRI

    0.1400

    13.08

    +1.07%

  • AZN

    0.1800

    92.77

    +0.19%

  • RELX

    -0.3700

    35.8

    -1.03%

  • VOD

    -0.0600

    14.65

    -0.41%

  • NGG

    0.2000

    85.27

    +0.23%

  • BP

    -0.1600

    37.88

    -0.42%

  • RYCEF

    -0.4300

    16

    -2.69%

G20 failing to update carbon-cutting pledges: report
G20 failing to update carbon-cutting pledges: report / Photo: SONNY TUMBELAKA - AFP/File

G20 failing to update carbon-cutting pledges: report

Nations in the G20 group of major economies have yet to strengthen greenhouse gas reduction goals despite agreeing to revisit their plans ahead of critical UN climate talks in November, according to an analysis by leading research NGOs seen exclusively by AFP.

Text size:

At the Glasgow COP26 climate summit last year countries pledged to review inadequate plans for cutting carbon pollution this decade ahead of the COP27 conference.

Without a sharp reduction in emissions before 2030, the Paris Agreement target of capping global warming at 1.5 degrees Celsius would likely be breached, the UN's Intergovernmental Panel on Climate Change (IPCC) has warned.

The world has warmed nearly 1.2C so far -- enough to usher in a crescendo of deadly heatwaves, floods and storm surges made worse by rising seas.

Current pledges registered under the 2015 treaty, if fulfilled, would still see temperatures rise a catastrophic 2.8C, potentially triggering runaway warming, where natural processes would add massive amounts of carbon into the atmosphere.

The G20 accounts for three-quarters of all human-caused emissions, which means the planet's future is largely in its hands.

Two G20 nations -- India and Turkey -- have failed to update their original carbon cutting plans submitted in 2015, as required under the Paris Agreement.

Neither has non-G20 member Egypt, which will host the COP27 climate summit in November.

Australia, Brazil, Indonesia and Mexico submitted revised 2030 targets that did nothing to further reduce emissions, according to the joint analysis from the World Resources Institute, the Energy and Climate Intelligence Unit and the E3G non-profit groups.

- 'Now or never' -

Russia, Saudi Arabia and China -- which accounted for a third of global emissions last year -- did offer enhanced plans, "but there is still considerable scope to improve their commitments this year beyond their current policies," the report concluded.

The remaining G20 countries, including the United States and major European economies, raised their ambitions in 2021 but are still not on track to meet their earlier targets.

"None of the G20 are doing enough to keep hopes of limiting warming to 1.5C alive," said Tom Evans, a researcher at E3G.

"So far this year, they seem to have completely forgotten the promise they made at COP26 just six months ago to strengthen their 2030 climate targets."

A rapid rise in fossil fuel prices following Russia's invasion of Ukraine coupled with the declining cost of renewables could help speed the shift away from carbon-intensive energy, the report said.

And on the sidelines of the UN climate talks in Glasgow, many nations made pledges to halt forest loss by 2030, cut methane emissions, end financing for fossil fuels, and hasten the phase-out of coal use.

Combined, these voluntary measures could potentially help cap global temperature rise at 2C, according to peer-reviewed studies.

But all fall outside international mechanisms for measuring and verifying compliance.

"It is now or never if we want to limit global warming to 1.5C," said Jim Skea, co-chair of a landmark IPCC report which set out options for slashing greenhouse gas emissions last month.

"Without immediate and deep emissions reductions across all sectors, it will be impossible."

A.P.Huber--NZN