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G20 Climate Ambition Falls Short, Jeopardizing 1.5°C Goal
17 Nov
Summary
- G20 countries account for 80% of global emissions and 85% of global GDP
- G20 climate targets would only reduce emissions by 23-29% by 2035
- Global 60% emissions reduction by 2035 is needed to meet 1.5°C goal
According to a report released by Greenpeace International at COP30 in Belem, Brazil, the climate ambition of the G20 countries is insufficient to meet the 1.5°C temperature limit set in the Paris Agreement. The report, titled "2035 Climate Ambition Gap," found that the nationally determined contributions (NDCs) submitted by the G20 nations would only lead to a 23-29% reduction in their emissions by 2035 compared to 2019 levels.
This is a serious shortfall compared to the global 60% emissions reduction that was agreed upon in the Global Stocktake two years ago. The G20 countries, which account for almost 80% of current global emissions and around 85% of global GDP, have an outsized influence on global trade, investment, and technology flows. Their climate policies and actions will largely determine whether the 1.5°C target remains achievable.
The report further states that the G20 countries' NDCs lack the necessary commitment to phase out fossil fuels and set quantified targets for progress in renewable energy and energy efficiency. Greenpeace is calling for the adoption of a Global Response Plan at COP30 to bridge the ambition gap and ensure substantial and equitable progress in reducing greenhouse gas emissions and phasing out fossil fuels.
