Worlds Richest Countries Must Set More Ambitious Climate Change Goals, Report Finds

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Credit Credit: Sibylle Desjardins / Climate Visuals

by Naureen Hossain, Abigail Van Neely (
  • new york)Friday, September 08, 2023
  • NEW YORK, Sep 08 (IPS) – Individually and collectively, member countries of the G20 are falling far behind in their greenhouse gas reduction goals and are failing to make the significant cuts on emissions that would be needed to keep global temperatures low, despite possessing the technological and financial capabilities for reducing emissions.

G20 countries, which have both the largest economies and highest amounts of greenhouse gas emissions, committed to reducing emissions by 2030 to limit global heating. Ox To However, current plans are not on track to meet the global goal.

According to Oxfam, “richer G20 nations are performing worst of all.”

Oxfam notes that high-income countries have focused on increasing the climate efforts of low and middle-income countries without addressing their own failures to pledge to do their share. To Ox Na The Ox This A According to Oxfam, middle-income countries like South Africa, China, and Mexico have both lower historic responsibility for climate change and less financial capabilities to address its effects.

Middle-income G20 countries, such as India, Turkiye, Indonesia, and South Africa, are currently emitting close to 6.1 to 6.3 tons of CO

2

per person per year. The The report observes that while they have also failed to meet their global mitigation ambitions, in certain cases, these countries lack the financing capacity to address these issues.

Therefore, these ‘developing’ countries could rightly seek out the climate financing contributions that would be needed to meet these pledges. This is where the high-income G20 members would also be able to comply with global mitigation by increasing their contributions to international climate finance, thereby supporting the mitigation efforts of middle-to-lower-income countries. The The leaders of the G20 countries will be convening in India for the G20 Summit on 9-10 September.Ahead of the upcoming UN Climate Change Conference in November, the G20 and other countries will be expected to present their upcoming climate action pledges for the Paris Agreement’s Global Stocktake for 2023. It will serve as a turning point where it will be determined whether they are on track to achieving the goals under the Paris Agreement.There is also the upcoming Climate Ambition Summit on 20 September that the UN Secretary-General will convene amid the 78

th

session of the UN General Assembly. The K K To avoid these risks, Khalfan suggests that the public become more radical about putting pressure on their governments to act, especially in high-income countries.Guterres will have an opportunity to call out leaders whose climate pledges are insufficient when he attends the G20 summit in India this weekend. In November, countries will submit their latest climate action pledges at the UN Climate Summit in Dubai.“Governments really need to basically say either we are accepting catastrophic climate change because we’re not willing to provide the resources, or we’re not willing to accept catastrophic climate change, and we’re willing to provide the resources. K Related We look to the world’s super-emitters for solutions but find today their numbers simply don’t stack up.”In the coming weeks, the world will be watching its leaders to see if they will be able to take the drastic but necessary actions to shoulder the responsibility of climate action.IPS UN Bureau Report

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