Current:Home > MarketsHere's how far behind the world is on reining in climate change -Wealth Navigators Hub
Here's how far behind the world is on reining in climate change
View
Date:2025-04-15 16:43:01
World leaders will begin climate talks in Egypt in a little over a week, and tensions are expected to run high in the negotiations to reduce heat-trapping emissions.
Now, new research shows the world has already fallen drastically behind in adopting the changes needed to avoid a future with even more extreme storms, heat waves and floods.
Collectively, countries have promised to reduce heat-trapping emissions by about 3% by 2030, compared to 2020 levels. That's far from the 45% drop that's needed, according to a new report from the United Nations Environment Program.
Cutting emissions nearly in half by the end of the decade would put the world on track to limiting warming to 2.7 degrees Fahrenheit (1.5 degrees Celsius) by 2100. But at the current pace of emissions, the planet would heat up by 5 degrees Fahrenheit, leading to more deadly heat waves and storms and the flooding of coastal cities due to polar ice melt.
At last year's climate summit in Glasgow, Scotland, world leaders agreed to strengthen their commitments to cut emissions rapidly. But as of late September, only 24 out of 193 countries submitted more ambitious climate goals, according to a recent report by another U.N. body, the United Nations Framework Convention on Climate Change (UNFCCC).
Expectations are low that countries will make new, bolder pledges at the upcoming climate meeting in Egypt. The war in Ukraine and inflation are drawing governments' focus, and climate talks have been frozen in recent months between the two largest emitters, the United States and China.
Emissions are still rising but they need to fall 45% by 2030
At the 2015 Paris climate summit, world leaders agreed that limiting climate change to 1.5 degrees Celsius was a critical target. Extreme hurricanes, floods and heat waves could displace billions of people around the globe, making their lives and livelihoods untenable where they reside now.
Still, the new U.N. report shows that current climate pledges, known as Nationally Determined Contributions (NDCs), are substantially short of that goal.
In reality, most countries are already falling behind on their pledges. After a short dip during the pandemic, emissions are on the rise again and are expected to keep rising through 2030. In 2021, emissions from burning coal reached their highest levels in history, largely driven by China.
Strengthening national pledges is on the agenda for discussion at the upcoming COP27 talks in Egypt, but major emitters aren't expected to make dramatically larger commitments. The European Union announced it could update its climate only after the negotiations are complete.
Last year, the U.S. committed to reducing emissions 50-52% by 2030, a goal that was bolstered recently by the passage of the Inflation Reduction Act, which provides billions of dollars for electric cars and more efficient buildings and homes. The administration has not signaled that it's considering a stronger target.
"We want the COP to make sure that everybody understands we're doing the things necessary to keep 1.5 degrees alive," U.S. special climate envoy John Kerry said this week. "We need to have the NDCs, not just of developed countries, but developing countries around the world, need to step up and put in their NDCs because everybody needs to do their part here."
The transition from fossil fuels to renewables isn't fast enough
The world's largest emitter, China, will continue to increase its greenhouse gas emissions until 2030 under its national plan. India, the third-largest source of emissions, is planning to do the same.
While both countries are rolling out significant amounts of renewable energy, they're still building new coal-fired power plants, too. At last year's summit, the two countries joined others in pushing back against policies that would phase out the use of coal, arguing that developing economies have the right to use it as richer nations have done.
With the cost of solar and wind often cheaper than building new fossil fuel power plants, renewable energy has grown by leaps and bounds. From 2019 to 2021, solar grew by 47%. But the transition to cleaner energy sources needs to speed up six times faster, according to a new report from a number of climate think tanks, including the World Resources Institute.
Action is lagging on many other fronts, too. The report found the rate of deforestation needs to slow down by 2.5 times. Electric cars need to be adopted five times faster than they are now.
"We've never known more about the climate crises, and we've never known more about what we need to do about it and how," says Claire Fyson of Climate Analytics. "This global report card about climate action makes clear that we're not moving fast enough."
veryGood! (96691)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Ex-officer says he went along with ‘cover-up’ of fatal beating hoping Tyre Nichols would survive
- Bridgerton Ball in Detroit Compared to Willy's Chocolate Experience Over Scam Fan Event
- Houston Astros win AL West after win over Seattle Mariners
- 'We're reborn!' Gazans express joy at returning home to north
- Whoopi Goldberg Defends Taylor Swift From NFL Fans Blaming Singer for Travis Kelce's Performance
- Spotted: Katie Holmes With a $35 Tote & Rocking the Barn Jacket Trend (Plus Affordable Picks Under $100)
- There's NIL and Pac-12 drama plus an Alabama-Georgia showdown leading the College Football Fix
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- OpenAI exec Mira Murati says she’s leaving artificial intelligence company
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Tearful Julie Chrisley Apologizes to Her Family Before 7-Year Prison Sentence Is Upheld
- Can AI make video games more immersive? Some studios turn to AI-fueled NPCs for more interaction
- Dancing With the Stars’ Danny Amendola Sets Record Straight on Xandra Pohl Dating Rumors
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- New survey finds nearly half of Asian Americans were victims of a hate act in 2023
- Where is 'College GameDay' for Week 5? Location, what to know for ESPN show
- Utah State joining Pac-12, which has now snapped up five Mountain West schools
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
The University of Hawaii is about to get hundreds of millions of dollars to do military research
X releases its first transparency report since Elon Musk’s takeover
US public schools banned over 10K books during 2023-2024 academic year, report says
Where will Elmo go? HBO moves away from 'Sesame Street'
Prodigy to prison: Caroline Ellison sentenced to 2 years in FTX crypto scandal
District attorney is appointed as judge on the Mississippi Court of Appeals
Colorado man’s malicious prosecution lawsuit over charges in his wife’s death was dismissed