Dubai Telegraph - Nations to submit boosted climate plans: what's at stake?

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.87126
GBP 0.86899
GEL 3.147128
GGP 0.87126
GHS 12.613956
GIP 0.87126
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.87126
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.87126
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.080849
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2434.137979
MNT 4156.167228
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.128397
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 138.346896
WST 3.161587
XAF 655.95473
XAG 0.017031
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • BCE

    0.0600

    25.79

    +0.23%

  • RIO

    -2.5000

    83.15

    -3.01%

  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • NGG

    -3.5400

    81.99

    -4.32%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • RELX

    -0.4600

    33.36

    -1.38%

  • VOD

    -0.0900

    14.33

    -0.63%

  • GSK

    -0.5300

    51.84

    -1.02%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BTI

    -1.3500

    57.37

    -2.35%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BP

    -1.0800

    44.78

    -2.41%

Nations to submit boosted climate plans: what's at stake?
Nations to submit boosted climate plans: what's at stake? / Photo: Giuseppe CACACE - AFP

Nations to submit boosted climate plans: what's at stake?

Nations have begun setting carbon-cutting targets for the decade ahead, and how ambitious these pledges are could make or break global efforts to avoid dangerous levels of climate change.

Text size:

Nearly 200 countries are supposed to publish updated climate plans by early February, but so far only three have done so.

On Wednesday, the UK became the latest, announcing during the COP29 climate summit in Azerbaijan that it would raise its target to cut greenhouse gas emissions.

All eyes will be on other big polluters like China, India and the United States, though future US climate action is unclear following Donald Trump's election.

- Why do they matter? -

The world has agreed to try and limit global warming to 1.5 degrees Celsius above pre-industrial levels, but is nowhere near on track.

Above this threshold, scientists say humanity risks disastrous consequences from volatile weather to major ecological "tipping points" at land and sea.

Last month, the United Nations warned that even if all existing plans are implemented in full, temperatures would rise 2.6C by the century's end, a catastrophic outcome.

The UN says the next round of climate plans must show a "quantum leap" in ambition to avert the worst.

The G20 -- which accounts for 77 percent of total greenhouse gas emissions -- is under particular pressure to step up.

- Early movers -

Just before COP29 opened in Azerbaijan, the United Arab Emirates announced a 47 percent reduction in emissions by 2035 compared with 2019 in its updated climate plan.

Observers said the roadmap failed to account for exported emissions -- including those from its sales of crude oil abroad.

Next year's UN climate host, Brazil, has partly unveiled its plan, increasing its emissions reduction target from a 59 percent cut by 2035, from 2005 levels, to a 67 percent reduction.

It is expected to unveil a more complete plan during COP29.

Plans from other major emitters, like the European Union and China, are not expected until next year.

And the current US government could soon outline Washington's new pledge, despite questions over Trump following through once in office.

David Waskow, of the World Resources Institute, said it would help guide American cities, states and businesses wishing to continue climate action under Trump.

"It also sends an important signal internationally, a set of benchmarks for what the US ought to do," he added.

- What do countries need to do? -

By signing the Paris accord, nearly 200 nations agreed to halt rising temperatures "well below 2C" and strive for the safer goal of 1.5C.

But it did not prescribe how to get there.

The deal left it up to countries to voluntarily chart their own plans and targets, known as Nationally Determined Contributions (NDCs).

These include emission reduction targets and measures to achieve them, such as rolling out renewable energy, electrifying transport, and ending deforestation.

There is no set template for countries to follow but richer countries -- historically the largest emitters -- have a responsibility to pledge the deepest emission cuts.

The plans must be reviewed every five years, with each update supposed to be more ambitious than the last.

This time around countries are expected to improve their 2030 targets and outline economy-wide action they will take to 2035.

- What's the aim? -

An agreement at last year's COP28 climate summit "encouraged" countries to come forward with plans aligned with halting warming to 1.5C.

To have a hope of meeting that goal, emissions must be slashed 42 percent by 2030 and 57 percent by 2035, the UN's Environment Programme said last month.

Currently, however, emissions are continuing to rise.

Keeping 1.5C on track would require a collective effort "only ever seen following a global conflict", it added.

Without pulling together "on a scale and pace never seen before... the 1.5C goal will soon be dead," said UNEP executive director Inger Andersen.

The big moment for assessing progress towards the 1.5C goal comes at a crunch COP30 climate summit in Brazil next year.

- What about fossil fuels? -

Scientists and the International Energy Agency have said that developing new fossil fuel projects is incompatible with halting warming to 1.5C.

But many fossil fuel producing countries argue that new oil and gas projects will be needed as the world transitions to net zero emissions.

Countries are under pressure to outline in their updated plans how they intend to reduce their reliance on fossil fuels, something all nations agreed at last year's COP.

I.Viswanathan--DT