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In the developed world, countries still have to internalize, politically, that bills are coming due – both at home and abroad – after decades of delaying action on climatechange. The ClimateActionTracker estimates the global average temperature increase based on national policies.
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 climatechange.
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.
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 ’.
Despite suffering severe impacts from climatechange, Australia remains married to coal, but alternative energy opportunities are emerging. Many of the communities dealing with this recent flooding have already had to deal with a range of cascading climate events in recent years.
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
, hosted by Euroclima+ and presented their modelling results, as part of their collaboration with Argentina's government to develop its Long-Term Strategy on Energy and ClimateChange 2020-2050. Further work is planned in 2022 on financing the SDGs in SIDS. The work on SDG and SIDS was featured in op-eds and policy briefs.
In March, the Intergovernmental Panel on ClimateChange’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”.
The scientific consensus on climatechange is increasingly bleak. As global temperatures continue to climb, the increase in climate extremes is pushing nature and humans “beyond their ability to adapt,” the UN’s Intergovernmental Panel on ClimateChange (IPCC) warned in its late-February report.
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