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Countries agreed to return for the next round of climate talks in November 2022 in Sharm el-Sheikh, Egypt, with stronger commitments to put the world on track for 1.5°C. The ClimateActionTracker estimates the global average temperature increase based on national policies. Watch this unfold this coming year.
The pace has quickened further in 2022 in response to then Prime Minister Yoshihide Suga’s April 2021 announcement that by 2030 the country’s emissions would reduce by 46% relative to 2013 levels. Such high levels volumes in the ESG investment space partly reflect the lead taken by the country’s policymakers and financial regulators.
Canadian Liberal MP Ryan Turnbull outlines the importance of building consensus to stimulate debate on environmental issues and accelerate climate-related policy. Canada has made slow progress on tackling climate change.
According to independent scientific project ClimateActionTracker, this announcement does not provide any further details on the UAE’s strategy towards reaching net zero. In March 2023, the UAE confirmed its net zero target as a domestic policy objective by signing the ‘ UAE Governments Net Zero 2050 Charter ’.
At the Leaders Climate Summit in April 2021, President Xi Jinping announced that China would control coal generation until 2025 when it will start to gradually phase it out. Independent analysts ClimateActionTracker estimate China’s emissions to have been 13.8 GtCO2e in 2020 and set to reach 13.2-14.5
SDSN signed a partnership agreement with the ClimateActionTracker (CAT) to collaborate in the coming years on areas of common interest, including around national net-zero strategies, pathways and policies. Further work is planned in 2022 on financing the SDGs in SIDS.
ClimateActionTracker (CAT) argues that Australia does not have a net zero target, arguing the federal government’s mid-century goal is not backed up by concrete commitments. While the initial bid in February 2022 was knocked back as too low, Cannon-Brookes said negotiations were ongoing.
In March, the Intergovernmental Panel on Climate Change’s (IPCC) AR6 synthesis report noted that, while there are “tried and tested” policy measures that can achieve deep greenhouse gas (GHG) emissions reductions and build climate resilience, they will only have an impact if “scaled and applied globally”.
Organizations such as the International Energy Agency and the non-profit ClimateActionTracker initiative have concluded that targets announced last year at COP26 , the UN’s climate summit in Glasgow, are insufficient to meet the goal of limiting the rise in average global temperatures to 1.5°C
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