Renewable surge in 2023 fails to curb worldwide emissions: Report
4 months, 1 week ago

Renewable surge in 2023 fails to curb worldwide emissions: Report

Hindustan Times  

New Delhi: The world witnessed rapid progress in the renewable energy sector in 2023, but the slow speed of reductions in global emissions rendered it ineffective, a new report released at COP29 in Baku has highlighted. India ranked 10th, a drop from seventh last year, in the analysis — Climate Change Performance Index co-authored by Germanwatch, NewClimate Institute, and CAN International — which gave the country an overall score of 67.99 out of 100. CCPI compares the climate change mitigation efforts of 63 countries and the EU, which together account for 90% of the world’s GHG emissions. The UK’s “pledge against new licences for fossil fuel projects played a key role in its rise”, the report said. Among the biggest emitters, China ranked 55th despite an unprecedented boom in renewable energy and emissions appearing to have peaked, and the US, the second biggest emitter, was in 57th place, with the report calling for more investment in renewables and clean transport as well as an end to fossil fuel subsidies.

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