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

EUR -
AED 4.282286
AFN 72.889506
ALL 95.207603
AMD 430.01375
ANG 2.087753
AOA 1070.42764
ARS 1622.784305
AUD 1.615801
AWG 2.101792
AZN 1.980037
BAM 1.948086
BBD 2.348989
BDT 143.162498
BGN 1.947198
BHD 0.439945
BIF 3468.977203
BMD 1.166043
BND 1.484988
BOB 8.058985
BRL 5.837324
BSD 1.166277
BTN 111.748109
BWP 16.426743
BYN 3.258314
BYR 22854.438042
BZD 2.345552
CAD 1.600621
CDF 2617.765364
CHF 0.914545
CLF 0.02651
CLP 1043.367038
CNY 7.911775
CNH 7.916136
COP 4418.987218
CRC 529.980953
CUC 1.166043
CUP 30.900133
CVE 110.420738
CZK 24.310883
DJF 207.229054
DKK 7.473652
DOP 69.611585
DZD 154.439062
EGP 61.655687
ERN 17.490641
ETB 183.593618
FJD 2.556084
FKP 0.862511
GBP 0.870795
GEL 3.124803
GGP 0.862511
GHS 13.304314
GIP 0.862511
GMD 84.53284
GNF 10237.855419
GTQ 8.897767
GYD 243.990718
HKD 9.133322
HNL 31.040319
HRK 7.5352
HTG 152.719375
HUF 357.85873
IDR 20501.247154
ILS 3.384559
IMP 0.862511
INR 111.602244
IQD 1527.516012
IRR 1533346.225611
ISK 143.609809
JEP 0.862511
JMD 184.399822
JOD 0.82669
JPY 184.674396
KES 150.710561
KGS 101.97073
KHR 4678.163038
KMF 492.06927
KPW 1049.40427
KRW 1743.787798
KWD 0.359712
KYD 0.971947
KZT 552.061604
LAK 25600.468408
LBP 105018.290233
LKR 379.337915
LRD 213.677252
LSL 19.227736
LTL 3.443021
LVL 0.705327
LYD 7.380747
MAD 10.737796
MDL 20.047359
MGA 4871.140463
MKD 61.623214
MMK 2448.532445
MNT 4174.584911
MOP 9.409221
MRU 46.630148
MUR 54.687743
MVR 17.953612
MWK 2030.079949
MXN 20.097411
MYR 4.5843
MZN 74.521703
NAD 19.22769
NGN 1596.510503
NIO 42.811215
NOK 10.814812
NPR 178.792592
NZD 1.975224
OMR 0.448341
PAB 1.166257
PEN 4.019331
PGK 5.084821
PHP 71.905202
PKR 324.858355
PLN 4.243469
PYG 7106.858587
QAR 4.250809
RON 5.201602
RSD 117.404153
RUB 85.416661
RWF 1703.588468
SAR 4.323481
SBD 9.347158
SCR 15.925798
SDG 700.210747
SEK 10.964079
SGD 1.488553
SHP 0.870569
SLE 28.742478
SLL 24451.336053
SOS 666.396592
SRD 43.384983
STD 24134.730844
STN 24.778409
SVC 10.204331
SYP 128.881228
SZL 19.227966
THB 37.837714
TJS 10.898504
TMT 4.08115
TND 3.367544
TOP 2.807551
TRY 53.109051
TTD 7.918441
TWD 36.822696
TZS 3025.881057
UAH 51.26883
UGX 4361.616853
USD 1.166043
UYU 46.444895
UZS 14044.985317
VES 594.855331
VND 30719.39644
VUV 137.683599
WST 3.158251
XAF 653.355863
XAG 0.013988
XAU 0.000251
XCD 3.151288
XCG 2.101868
XDR 0.810364
XOF 650.065331
XPF 119.331742
YER 278.276306
ZAR 19.248742
ZMK 10495.787518
ZMW 21.954032
ZWL 375.465292
  • RBGPF

    -0.2100

    60.79

    -0.35%

  • CMSD

    0.0400

    23.6

    +0.17%

  • CMSC

    0.0898

    23.14

    +0.39%

  • BCE

    -0.2000

    24.19

    -0.83%

  • RIO

    -2.4500

    109.59

    -2.24%

  • BTI

    1.3500

    66.7

    +2.02%

  • AZN

    -2.7600

    184.96

    -1.49%

  • BP

    -0.0200

    44.12

    -0.05%

  • GSK

    -0.0300

    50.96

    -0.06%

  • RELX

    -0.1600

    31.46

    -0.51%

  • NGG

    0.4500

    87.43

    +0.51%

  • JRI

    0.0100

    13.14

    +0.08%

  • BCC

    2.4200

    69.4

    +3.49%

  • RYCEF

    -0.0700

    15.93

    -0.44%

  • VOD

    -0.0300

    15.48

    -0.19%

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