UN: Global Climate Pledges Fall "Miles Short" of 2030 Goals
UN: Global Climate Pledges Fall "Miles Short" of 2030 Goals
The Facts
Carbon dioxide concentrations have risen by 11.4 percent in just 20 years, reaching levels 51 percent higher than pre-industrial times, while methane is 165 percent higher than in 1750.Current national climate pledges would only reduce global emissions by 2.6 percent from 2019 to 2030, falling drastically short of the 43 percent reduction needed to meet Paris Agreement targets.
The world's fifty richest billionaires generate more carbon emissions in under three hours than the average British person produces in their entire lifetime, primarily through private jets and luxury yachts.Carbon dioxide concentrations have risen by 11.4 percent in just 20 years, reaching levels 51 percent higher than pre-industrial times, while methane is 165 percent higher than in 1750.
The Spin
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Economic development and climate action must be balanced, with developing nations requiring financial support to meet climate goals. The NDC process serves as a negotiating mechanism to secure necessary funding, with countries seeking to ensure their climate pledges are investable and can attract both public and private finance.
