Commodities and Futures News

COP27: World on track to increase emissions 10.6% by 2030 – UN report

2022.10.26 07:58



© Reuters. FILE PHOTO: Smoke billows from the cooling towers of a coal-fired power plant in Ahmedabad, India, October 13, 2021. REUTERS/Amit Dave/File Photo

By Gloria Dickie

LONDON (Reuters) – If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010 levels, according to a United Nations report released on Wednesday.

The UN Intergovernmental Panel on Climate Change says a 43% reduction in emissions by 2030 is needed to limit warming to 1.5 Celsius above pre-industrial temperatures.

With world leaders expected to gather in Sharm el-Sheikh in Egypt for the COP27 climate summit from Nov. 6, experts said more action was urgently needed.

“At the UN Climate Change Conference in Glasgow last year, all countries agreed to revisit and strengthen their climate plans,” said Simon Stiell, executive secretary of UN Climate Change in a statement. “The fact that only 24 new or updated climate plans were submitted since COP26 is disappointing.”

These include Bolivia, Vanuatu and Uganda, as well as the large emitter nations of India and Indonesia. The latter, which sees most emissions come from deforestation and peatland clearance, now says it will cut emissions levels by at least 31.89% by 2030.

Globally, inadequate pledges put the world on a path to warm by 2.5C by 2100.

Still, a 10.6% increase in emissions represents slight progress. Last year’s UN assessment found countries were on track to up emissions by 13.7% by 2030.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,381.36 0.23%
ethereum
Ethereum (ETH) $ 3,451.51 0.87%
tether
Tether (USDT) $ 1.00 0.04%
xrp
XRP (XRP) $ 2.27 1.77%
bnb
BNB (BNB) $ 700.65 0.99%
solana
Solana (SOL) $ 196.85 0.30%
dogecoin
Dogecoin (DOGE) $ 0.328229 1.49%
usd-coin
USDC (USDC) $ 1.00 0.11%
staked-ether
Lido Staked Ether (STETH) $ 3,449.34 0.95%
cardano
Cardano (ADA) $ 0.904748 3.24%
tron
TRON (TRX) $ 0.256259 0.66%
avalanche-2
Avalanche (AVAX) $ 40.22 1.92%
chainlink
Chainlink (LINK) $ 24.36 0.70%
the-open-network
Toncoin (TON) $ 5.96 3.62%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,112.74 0.89%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 1.71%
sui
Sui (SUI) $ 4.50 1.79%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,117.29 0.06%
hedera-hashgraph
Hedera (HBAR) $ 0.311442 3.85%
stellar
Stellar (XLM) $ 0.380263 4.18%
polkadot
Polkadot (DOT) $ 7.39 1.76%
weth
WETH (WETH) $ 3,449.75 0.94%
hyperliquid
Hyperliquid (HYPE) $ 27.02 8.13%
bitcoin-cash
Bitcoin Cash (BCH) $ 457.69 3.48%
leo-token
LEO Token (LEO) $ 9.56 0.75%
uniswap
Uniswap (UNI) $ 13.78 4.94%
litecoin
Litecoin (LTC) $ 107.55 1.61%
bitget-token
Bitget Token (BGB) $ 5.64 15.02%
pepe
Pepe (PEPE) $ 0.000018 3.70%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,646.97 0.79%
near
NEAR Protocol (NEAR) $ 5.42 2.72%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
aave
Aave (AAVE) $ 366.90 2.49%
usds
USDS (USDS) $ 1.01 0.50%
internet-computer
Internet Computer (ICP) $ 11.16 0.04%
aptos
Aptos (APT) $ 9.53 2.14%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.509433 3.54%
crypto-com-chain
Cronos (CRO) $ 0.15728 4.72%
mantle
Mantle (MNT) $ 1.23 0.38%
vechain
VeChain (VET) $ 0.051099 4.65%
ethereum-classic
Ethereum Classic (ETC) $ 27.08 3.94%
render-token
Render (RENDER) $ 7.47 5.03%
bittensor
Bittensor (TAO) $ 499.64 0.03%
whitebit
WhiteBIT Coin (WBT) $ 24.94 0.73%
monero
Monero (XMR) $ 195.12 2.06%
mantra-dao
MANTRA (OM) $ 3.74 1.48%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 5.29%
dai
Dai (DAI) $ 1.00 0.09%
arbitrum
Arbitrum (ARB) $ 0.791786 4.10%
filecoin
Filecoin (FIL) $ 5.26 4.26%