Yesterday marks the release of the Intergovernmental Panel on Climate Change (IPCC) Report on Climate Change Mitigation in the Sixth Assessment Round.
The report was endorsed by 195 government delegations.
Last month’s Working Group II report on Adaptation, Impacts and Vulnerability laid bare the impacts that will be felt if the temperature is not limited to a 1.5°C rise. This mitigation report shows more clearly than ever that the window of opportunity to achieve this is rapidly closing. Global emissions continue to rise, and the emissions pathways implied by the current set of Nationally Determined Contributions (NDCs) are not enough to keep the increase in global average temperature well below 2°C in the above pre-industrial levels and to continue efforts to limit the temperature increase to 1.5C. To keep 1.5°C within reach, global CO2 emissions must peak immediately and be halved by 2030. Funding must also be dramatically increased and support the urgent and just transition to a low-emissions economy. of carbon, and meeting the challenges of adaptation.
Despite the urgency of our task, there is hope. The action window is not closed yet. The report highlights that the falling costs of renewable energy and green technologies present significant opportunities for progress. There is also clear evidence that with timely and large-scale emission reductions, countries can follow a mitigation path consistent with limiting global warming, as envisioned in the Paris Agreement and reflected in more detail. in the Glasgow Climate Pact, while developing their economies through a just transition policy and in a sustainable way. Increasingly, transitioning to a low-carbon and resilient economy is the safest and most competitive choice a country, company or investor can make.
The Presidency of COP26, the incoming Presidency of COP27 and the Executive Secretary of UN Climate Change remind Parties of their obligations under the Paris Agreement to respond to science; a commitment that the Parties themselves recognized in Glasgow last year when they agreed that we must do more collectively in this critical decade to keep 1.5C within reach.
We are committed to reviewing and strengthening the 2030 targets in our NDCs as necessary to align with the Paris temperature target by the end of this year. This report highlights the need for such actions.
“For the sake of the next generation and the future of our planet, we urge all parties, especially major emitters, to urgently respond to this report by implementing the pledges and commitments made in the framework of the UNFCCC and the Paris Agreement, and respecting the Glasgow Climate Pact.”
“If you really think the environment is less important than the economy, try holding your breath while you count your money.”