The net-zero targets of 40 countries account to 85% of global emission cuts. However, the group found that only 6% of those emissions could be backed up with concrete plans.
“It’s all well and good for leaders to claim they have reached a net zero target. But if they don’t have any plans to get there, or their 2030 targets are as low, then these net zero targets are simply lip service to real climate action,” stated Bill Hare, CEO Climate Analytics. “Glasgow has serious credibility gaps.”
COP26 is a meeting of delegates from all over the world to discuss the climate crisis. Although there were many breakthroughs in the first week’s negotiations, experts warned that these deals may not meet the current urgency — specifically, that they won’t bring us closer to limiting global warming by 1.5 degrees.
Helen Mountford, vice-president for climate and economics at the World Resources Institute, stated that there are a lot of big statements out there, but they don’t give the details: exactly when, how much and who’s going do what.
Global Energy Monitor’s program director, Christine Shearer called the agreement “a game-changer,” but stressed the need to stop fossil fuel projects even within these countries.
Current policies, not proposals but rather what countries are doing, CAT projects that global temperatures will rise to 2.7 degrees.
CAT said that if all net zero pledges are fully implemented the most optimistic scenario is a warming of 1.8°C, which would require bold, rapid action by 2030. The analysis shows that countries’ climate targets for 2030 are still inadequate.
Angela Dewan, CNN, contributed to this report.