{"id":104309,"date":"2021-05-03T09:24:25","date_gmt":"2021-05-03T03:54:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=104309"},"modified":"2021-05-03T09:24:25","modified_gmt":"2021-05-03T03:54:25","slug":"at-leaders-climate-summit-countries-adopted-net-zero-targets","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/at-leaders-climate-summit-countries-adopted-net-zero-targets\/","title":{"rendered":"At Leaders Climate Summit, Countries Adopted Net Zero Targets"},"content":{"rendered":"\n<p><b>Synopsis<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the Leaders Climate summit, the countries including U.S, U.K, Japan, etc. have adopted revamped Nationally Determined Contributions (NDCs) (under the Paris agreement). This is a step in the right direction, but a higher commitment is desired to keep temperature rise below 1.5 degrees celsius.<\/span><\/p>\n<h5><b>Background<\/b><span style=\"font-weight: 400;\">:<\/span><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The two-day Leaders Climate Summit was hosted by the US virtually.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It was attended by leaders of more than 40 countries amongst whom many have resorted to new NDCs targets and climate commitments.<\/span><\/li>\n<\/ul>\n<h5><b>New Targets and Commitments as part of NDCs<\/b><span style=\"font-weight: 400;\">:<\/span><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><b>US:<\/b><span style=\"font-weight: 400;\">\u00a0 It has pledged to reduce greenhouse gas (GHG) emissions 50-52 per cent below 2005 levels by 2030.<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The country aspires to attain net zero emissions status before 2050. Also, it committed to double its annual public climate finance to developing countries by 2024.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\"><b>Japan<\/b><span style=\"font-weight: 400;\">: It has pledged to reduce emissions by 46 per cent from 2013 levels by 2030.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Canada<\/b><span style=\"font-weight: 400;\">: It has pledged to cut emissions by 40-45 per cent from 2005 levels by 2030.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>EU<\/b><span style=\"font-weight: 400;\">: It has shown a commitment to reduce emissions by 55 per cent from 1990 levels by 2030.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>U.K:<\/b><span style=\"font-weight: 400;\"> It has shown a commitment to reduce emissions by 78 per cent from 1990 levels by 2035.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>India<\/b><span style=\"font-weight: 400;\">: It didn\u2019t announce any updated NDC. However, India reached a consensus with the US over a new India-US Climate and Clean Energy Agenda 2030 Partnership.\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It aims to mobilize investments in clean technologies for industry, transportation, power, and buildings.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5><span style=\"font-size: 14pt;\"><b>Analysing the new targets of Leaders Climate Summit<\/b><span style=\"font-weight: 400;\">:<\/span><\/span><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The new 50-52% reduction target of the U.S is 12 percent higher than its previous commitment. As its previous NDC worked out to a 38 percent reduction by 2030.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Similarly, the targets of Japan, EU, U.K, and Canada are greater than their previous emission targets.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">U.K\u2019s commitments and targets are the most ambitious amongst all the countries.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Although the U.S has increased the commitment, it falls short of a 1.5\u02daC-compatible 2030 target as per the Climate Action Tracker (CAT). The commitment is even short of a\u00a0 Fair Shares NDC estimate.<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The fair share of the US is 70 percent domestic emissions&#8217; reduction below 2005 levels by 2030 and a further 125 percent reduction abroad through support to developing countries.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5><b>Way Ahead<\/b><span style=\"font-weight: 400;\">:<\/span><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Firstly, the summit has put climate back on the agenda and forced leaders of major economies to confront the scale of the task ahead.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Secondly, the U.S should adopt a\u00a0 57-63 % domestic target to be 1.5\u02daC compatible by 2030 as per CAT.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Further, the U.S must adhere to the recommendations of\u00a0 Fair Share NDC analysis. It recommends:\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A climate finance contribution of $800 billion between 2021-2030<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use of Special Drawing Rights (SDR) of $3 trillion to help developing countries<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Source<\/b><span style=\"font-weight: 400;\">: <a href=\"https:\/\/www.downtoearth.org.in\/blog\/climate-change\/biden-s-climate-summit-major-polluters-ramp-up-climate-ambition-76680\" target=\"_blank\" rel=\"noopener\">DTE<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis: At the Leaders Climate summit, the countries including U.S, U.K, Japan, etc. have adopted revamped Nationally Determined Contributions (NDCs) (under the Paris agreement). This is a step in the right direction, but a higher commitment is desired to keep temperature rise below 1.5 degrees celsius. Background: The two-day Leaders Climate Summit was hosted by&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/at-leaders-climate-summit-countries-adopted-net-zero-targets\/\">Continue reading <span class=\"screen-reader-text\">At Leaders Climate Summit, Countries Adopted Net Zero Targets<\/span><\/a><\/p>\n","protected":false},"author":10322,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,8043,1351,1310,9],"tags":[1304],"class_list":["post-104309","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-current-affairs-cat","category-daily-news","category-daily-news-updates","category-public","tag-env_4","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704745472},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/104309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10322"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=104309"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/104309\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=104309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=104309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=104309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}