The Energy Transitions Commission (ETC) today set out the actions which nations and companies could take during the 2020s to deliver the Paris agreement and limit global warming to 1.5°C.
Current national decarbonisation pledges (known as Nationally Determined Contributions, or NDCs), made as part of the Paris climate accord, fall far short of those needed to prevent global warming from exceeding 1.5°C above pre-industrial levels. An additional 17-20 Gt of CO2 reductions and a 40% reduction in methane emissions would be needed to achieve that objective. But the ETC’s report Keeping 1.5°C Alive: Closing the Gap in the 2020s, describes technologically feasible actions which could close that gap to a 1.5°C pathway and which could be catalyzed by agreements at the upcoming COP26 climate summit in November in Glasgow.
Many of the actions entail minimal cost and would spur further innovation and support green economic development; and all of them could be given impetus at COP26 via commitments from leading countries and companies, without the need for comprehensive international agreement. But two high priority actions – ending deforestation and reducing emissions from existing coal plants – will need to be supported by climate finance flows from rich developed countries.
The recommendations cover six areas: cutting methane emissions, ending deforestation and other nature-based solutions, moving faster beyond coal, accelerating road transport electrification, decarbonising key industrial and other “harder to abate” sectors, and achieving improvements in energy efficiency.
“To keep the goal of limiting global warming to 1.5 degrees alive, the world must act now to halve emissions over the next decade, and work towards net zero by the middle of the century,” said COP26 President-Designate, Alok Sharma. “This report sets out a clear and credible action plan of achievable emissions to get us on a 1.5 degree pathway. Ahead of COP26, we urge all countries to submit enhanced plans to reduce emissions and take action on coal, cars, trees and methane.”
“Current national commitments to reduce greenhouse gas emissions are a useful step forward but far from sufficient to limit global warming to an acceptable level,” commented Adair Turner, Chair of the Energy Transitions Commission. “But we have the technologies to achieve far faster reductions, often at nil or low cost, and this report shows how. And much of what needs to be done does not require comprehensive international agreements, but can be driven forward by coalitions of leading countries and companies. COP26 must be the catalyst to seizing this opportunity.”
Nigel Topping, UK High Level Climate Action Champion, COP26, said: “The ETC highlights the critical actions for nations and companies to Keep 1.5°C. Alive. Rallying leadership and global support is at the heart of the Race to Zero and the ETC’s recommendations demonstrate that it is technically and economically feasible to achieve collective action in the next decade. Momentum is building and it is now crucial that we focus on rapid deployment in the 2020s, if we are to limit global warming to 1.5°C.”
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