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Stocktaking the calamity

  • Published
    11th Sep, 2023


The world needs genuine breakthroughs in climate talks.

Climate Crisis at the G-20 Summit

  • Climate Report and the G-20 Agenda: The United Nations' Global Stocktake report reminded the world of the urgent need to address greenhouse gas emissions and the targets set in the 2015 Paris Agreement to limit global temperature rise.
  • The Stocktake's Message: It underscores that despite some progress, current emissions trends exceed the Paris Agreement's limits.
  • Reality Check: The Leader's Declaration at the G-20 summit recognized the substantial financial requirements for developing countries and clean energy technologies.

The Urgent Need for Action

  • Emission Gaps and Renewable Energy: The Stocktake report reveals that there are significant gaps in meeting emission reduction targets aligned with limiting global warming to 1.5°C.
  • Focus on energy sources: Achieving these goals demands rapid expansion of renewable energy resources and a move away from fossil fuels like coal, oil, and natural gas.
  • Financial Commitments: The G-20 Leader's Declaration acknowledged the need for substantial financial commitments to support clean energy and developing nations.

The Stocktake's Crucial Role

  • Negotiating Breakthroughs: The Global Stocktake report should not be dismissed as a technical document. Instead, it should form the foundation of negotiations during upcoming climate talks.
  • Responsibilities of major economies: The report underscores the urgent need for collective action and highlights the responsibility of major economies to lead the transition to a sustainable and clean energy future.
  • An urgent call: The report calls for more ambitious actions, including achieving net-zero CO2 emissions by 2050, and emphasizes the importance of renewable energy and reducing reliance on fossil fuels.
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