4 months, 2 weeks ago

UN chief urges aligning climate action with limiting global warming to 1.5°C

New Delhi: Every country’s next round of nationally determined contributions must contain unambiguous, absolute emissions reduction targets for 2030 and 2035, and align fossil fuel production and consumption plan to limiting global warming to 1.5°C above pre-industrial levels, UN secretary-general António Guterres said on Tuesday at the G20 meeting in Rio de Janeiro, Brazil. This assumes significance, as negotiations for a new ambitious climate finance goal are ongoing at the COP29 in Baku, Azerbaijan, before the United Nations Framework Convention on Climate Change parties submit their next round of national climate action plans or NDCs by February or before the COP30 in Brazil. NDCs are national climate action plans that countries submit to the UNFCC every five years, and are a key part of the Paris Agreement that seek curb carbon emissions and limit global warming. The decisions must be ambitious and unambiguous, taking into consideration the evolving needs and priorities of the developing countries, and their commitment to sustainable development and eradication of poverty.” With three days left for this year’s global climate summit, negotiations on NCQG haven’t reached a consensus because of seemingly irreconcilable differences in countries' positions over issues like the quantum of finance, the proportion of money to be raised through public finances, and, crucially, who all should contribute.

Live Mint

Discover Related