Climate Change Performance Index 2022: Relevance
- GS 3: Conservation, environmental pollution and degradation, environmental impact assessment.
Climate Change Performance Index 2022 ranking: Context
- Recently,Climate Change Performance Index 2022 released by Germanwatch where it has Monitoring Climate Mitigation Efforts of 60 Countries plus the EU – covering 92% of the Global Greenhouse Gas Emissions.
Climate Change Performance Index 2022 ranking: Key points
- It is published annually since 2005.
- It aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.
- The countries’ commitments under the Paris Agreement are still insufficient: to limit global warming to a maximum of 1.5°C a more ambitious climate action is urgently needed.
- The CCPI is an important tool to promote the reallocation of investments by providing crucial information on climate change for Environmental, Social and Governance (ESG) ratings for finance actors.
Climate Change Performance Index 2022 ranking: Key results
- No country performs well enough in all index categories to achieve an overall very high rating in the CCPI. Therefore, once again, the top three places in the overall ranking remain empty.
- Denmark is the highest ranked country in CCPI 2022, but it does not perform well enough to achieve an overall very high rating.
- With the United Kingdom (7th), Climate Change performance Index India rank 2022: 10th, Germany (13th), and France (17th), four G20 countries are among the high-performing countries in CCPI 2022.
- The G20 are responsible for about 75% of the world’s greenhouse gas emissions.
- Saudi Arabia is the worst-performing country among the G20, ranked 63rd.
COVID-19 and GHG emission
- The COVID-19 pandemic triggered a sharp, globally unrepresented 4% drop in CO2 emissions.
- The International Energy Agency estimated, for the period of January–July 2021, CO2 emissions would rise 4.8%. CO2 emissions in 2021 will in fact near the record high from 2019.
- Among the newly included countries in this year’s CCPI, only Philippines performs high in GHG emission category.
- As the energy sector greatly contributes to a country’s greenhouse gas emissions, the results of the Renewable Energy rating indicate substantial room for improvement in mitigating emissions by accelerating deployment of renewable energy.
- Norway is the first country, receiving a very high rating in this category.
Climate Change Performance Index 2022 India
- India has retained its spot in the top 10 best performing countries for the third year in a row.
- India’s performance was rated high in the GHG Emissions, Energy Use, and Climate Policy categories, and medium in Renewable Energy.
- The subcontinent is already on track to meet its 2030 emissions target.
- Although, India receives an overall high performance, the experts argue that the country should set an explicit net zero target for 2050.