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Only One Big Economy Is Aiming for Paris Agreement's 1.5C Goal (financialpost.com) 1
Seven of the 10 world's largest economies missed a deadline on Monday to submit updated emissions-cutting plans to the United Nations -- and only one, the UK, outlined a strategy for the next decade that keeps pace with expectations staked out under the Paris Agreement. From a report: All countries taking part in the UN process had been due to send their national climate plans for the next decade by Feb. 10, but relatively few got theirs in on time. Dozens more nations will likely come forward with updated plans within the next nine months before the UN's annual climate summit, known as COP30, kicks off in Brazil.
The lack of urgency among the more than 170 countries that failed to file what climate diplomats refer to as "nationally determined contributions" (NDCs) adds to concerns about the world's continuing commitment to keeping warming to well below 2C, and ideally 1.5C, relative to pre-industrial levels. Virtually every country adopted those targets a decade ago in the landmark agreement signed in Paris, but a series of lackluster UN summits last year has added to a sense of backsliding. US President Donald Trump has already started the process of pulling the world's second-largest emitter out of the global agreement once again. Political leaders in Argentina, Russia and New Zealand have indicated they would like to follow suit.
The lack of urgency among the more than 170 countries that failed to file what climate diplomats refer to as "nationally determined contributions" (NDCs) adds to concerns about the world's continuing commitment to keeping warming to well below 2C, and ideally 1.5C, relative to pre-industrial levels. Virtually every country adopted those targets a decade ago in the landmark agreement signed in Paris, but a series of lackluster UN summits last year has added to a sense of backsliding. US President Donald Trump has already started the process of pulling the world's second-largest emitter out of the global agreement once again. Political leaders in Argentina, Russia and New Zealand have indicated they would like to follow suit.