Climate warnings highlight the urgent need for action ahead of COP27

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Climate warnings highlight the urgent need for action ahead of COP27
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As Egypt prepares to host the next UN climate summit, a series of reports illustrate how much further countries must go to avoid catastrophic global warming

In fact, the plans put the world on course for warming of about 2.5°C above pre-industrial levels by the end of the century, the UN concluded, perhaps even more if lower-income nations don’t get further financial support to cut carbon. Climate scientists warn that any warming above 1.5°C risks triggering severe and irreversible changes to ecological systems.

to cut emissions within a year to put the world on track to meet the Paris Agreement goals. But since then, just 26 countries have come forward with updated plans, with the new pledges collectively shaving less than 1 per cent off projected 2030 greenhouse gas emissions. The plan is to focus the summit on implementation – in other words, driving real action on the ground in countries around the world. This means accelerating the roll-out of green energy, drawing up plans to close coal plants early and cutting methane emissions as fast as possible.But tensions are already running high.

“Developing countries really want this on the agenda, [but] developed countries are a bit afraid, because it opens the door to questions of liability and compensation,” saysYet even amid a tough political backdrop, markets are moving in the right direction. On 27 October, for the first time, the International Energy Agency said that demand for fossil fuels is set to peak within 15 years.

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