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

EUR -
AED 4.244439
AFN 75.682523
ALL 93.181233
AMD 421.813862
ANG 2.068517
AOA 1060.965341
ARS 1724.041795
AUD 1.633976
AWG 2.081769
AZN 1.966929
BAM 1.959124
BBD 2.327388
BDT 141.84066
BGN 1.960551
BHD 0.435728
BIF 3454.846855
BMD 1.155736
BND 1.479003
BOB 13.548988
BRL 5.995039
BSD 1.155531
BTN 110.231552
BWP 15.554988
BYN 3.475306
BYR 22652.424122
BZD 2.324023
CAD 1.605381
CDF 2626.987666
CHF 0.939804
CLF 0.026853
CLP 1056.850913
CNY 7.793358
CNH 7.792977
COP 3612.21796
CRC 518.866887
CUC 1.155736
CUP 30.627002
CVE 110.451925
CZK 24.209199
DJF 205.773793
DKK 7.47641
DOP 67.632997
DZD 153.629294
EGP 58.11306
ERN 17.336039
ETB 184.859777
FJD 2.558164
FKP 0.856374
GBP 0.854724
GEL 3.016601
GGP 0.856374
GHS 12.861823
GIP 0.856374
GMD 84.95138
GNF 10151.135489
GTQ 8.81592
GYD 241.760192
HKD 9.068817
HNL 31.048842
HRK 7.536543
HTG 151.147759
HUF 363.001632
IDR 20580.53633
ILS 3.41231
IMP 0.856374
INR 110.298409
IQD 1514.591929
IRR 1588660.175204
ISK 142.247966
JEP 0.856374
JMD 182.815436
JOD 0.819394
JPY 183.91977
KES 149.435779
KGS 101.069384
KHR 4676.915038
KMF 493.499788
KPW 1040.162672
KRW 1633.57452
KWD 0.356822
KYD 0.963009
KZT 537.748433
LAK 26071.558578
LBP 103477.78361
LKR 385.193555
LRD 209.739492
LSL 18.641144
LTL 3.412588
LVL 0.699093
LYD 7.360297
MAD 10.703561
MDL 20.059514
MGA 4975.443163
MKD 61.629566
MMK 2426.368061
MNT 4157.566429
MOP 9.340049
MRU 46.306165
MUR 54.433886
MVR 17.855966
MWK 2003.747725
MXN 19.667185
MYR 4.723259
MZN 73.863194
NAD 18.641144
NGN 1574.181633
NIO 42.521963
NOK 10.937636
NPR 176.366661
NZD 1.966421
OMR 0.444384
PAB 1.155561
PEN 3.898355
PGK 5.088127
PHP 70.984142
PKR 321.03451
PLN 4.310837
PYG 6896.522238
QAR 4.210924
RON 5.244741
RSD 117.32565
RUB 96.79334
RWF 1697.776073
SAR 4.338551
SBD 9.302037
SCR 15.893513
SDG 694.031673
SEK 11.017625
SGD 1.478163
SHP 0.856245
SLE 28.301064
SLL 24235.203577
SOS 660.493893
SRD 43.597244
STD 23921.400218
STN 24.761642
SVC 10.110893
SYP 15026.878383
SZL 18.646153
THB 38.331715
TJS 10.677601
TMT 4.056633
TND 3.392107
TOP 2.782735
TRY 55.342553
TTD 7.836092
TWD 37.007812
TZS 3062.697847
UAH 51.653399
UGX 4290.27927
USD 1.155736
UYU 46.299357
UZS 13811.044303
VES 890.042754
VND 30207.469861
VUV 137.084144
WST 3.159384
XAF 657.054762
XAG 0.017853
XAU 0.000266
XCD 3.123434
XCG 2.082579
XDR 0.817165
XOF 657.017497
XPF 119.331742
YER 274.098336
ZAR 18.686886
ZMK 10403.0056
ZMW 21.724672
ZWL 372.146496
  • RYCEF

    -0.3900

    20.71

    -1.88%

  • RBGPF

    -0.8200

    71.34

    -1.15%

  • CMSC

    0.0250

    21.475

    +0.12%

  • GSK

    0.1500

    50.45

    +0.3%

  • BTI

    1.5100

    57.35

    +2.63%

  • RIO

    -3.0200

    98.2

    -3.08%

  • BCE

    0.1900

    23.32

    +0.81%

  • RELX

    0.1200

    34.67

    +0.35%

  • AZN

    -1.2600

    157.24

    -0.8%

  • CMSD

    0.0000

    21.59

    0%

  • VOD

    0.1300

    16.22

    +0.8%

  • NGG

    0.5200

    81.2

    +0.64%

  • BCC

    -0.1200

    84.13

    -0.14%

  • JRI

    -0.0300

    12.68

    -0.24%

  • BP

    -0.1000

    42.83

    -0.23%

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