Tracking climate mitigation efforts in 30 major emitters: Economy-wide projections and progress on key sectoral policies

Nascimento, L., Forsell, N., Batka, M. ORCID: https://orcid.org/0000-0003-0517-7473, Kuramochi, T., Illenseer, N., Subtil, C., & Lancesseur, N. (2021). Tracking climate mitigation efforts in 30 major emitters: Economy-wide projections and progress on key sectoral policies. NewClimate Institute, IIASA and FTSE Russell

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Abstract

Reducing global greenhouse gas (GHG) emissions to zero is a crucial step to minimise the worst effects of climate change. The growing political consensus on the dangers of climate change and the increasing number of climate policies implemented is a sign for cautious optimism. Countries increasingly recognise the need to achieve net zero emissions globally by mid-century but still need to implement near-term policy actions and measures to ensure this long-term ambition trigger the transformation necessary to meet the collective goals of the Paris Agreement.
This report documents near-term climate policies and measures adopted in the 30 major economies and assesses resulting future GHG emissions trajectories up to 2030. The countries analysed jointly account for 80% of total GHG emissions in 2019.
Emissions trends remain far from the goals of the Paris Agreement in the period post-2020. Global emissions should fall 7.6% each year up until 2030 to get on track to meet the goals of the Paris Agreement (UNEP, 2019). Our projections show that emissions reductions under current policies remain woefully insufficient. Emissions in the 30 economies as a group are projected to increase on average by approximately 0.4% per year between 2021 and 2030.

Item Type: Other
Uncontrolled Keywords: GHG emissions; climate policies; climate mitigation
Research Programs: Biodiversity and Natural Resources (BNR)
Biodiversity and Natural Resources (BNR) > Integrated Biosphere Futures (IBF)
Related URLs:
Depositing User: Michaela Rossini
Date Deposited: 02 Nov 2021 13:30
Last Modified: 02 Nov 2021 13:30
URI: http://pure.iiasa.ac.at/17617

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