Climate Transparency Report 2021_00.1
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Climate Transparency Report 2021

 

Climate Transparency Report 2021: Relevance

  • GS 3: Conservation, environmental pollution and degradation, environmental impact assessment.

 

Climate Transparency Report 2021: Context

  • Recently,  Climate Transparency Report released by Climate Transparency to provide a comprehensive overview of G20 countries on their journey towards a net-zero emissions economy.

 

Climate Transparency Report 2021: Key points

  • The report draws on the latest emissions data and covers 100 indicators on decarbonisation, climate policies, finance and vulnerability to the impacts of climate change.
  • The review is based on 100 indicators for adaptation, mitigation and finance and aims to make good practices and gaps transparent.

 

Climate Transparency Report 2021_50.1

 

Climate Transparency Report 2021: Key findings

  • Canada, France, EU and Germany are identified as ‘current leaders’ of the green recovery.
  • Non-OECD G20 members face greater challenges to rebuild after multiple crises, having to grapple with chronic problems and inequalities such as access to funds, debt constraints and extreme poverty.
  • Global warming will reach or exceed 1.5°C in the early 2030s in nearly all emissions scenarios considered by IPCC AR6.

 

Ecological Threat Report 2021

 

G20 emission

  • G20 is responsible for around 75% of global greenhouse gases (GHGs) including land use change and forestry.
  • The combined mitigation effect of Nationally Determined Contribution (NDC) targets assessed by April 2021 is not sufficient and will lead to warming of 2.4°C by the end of the century.
  • The UK is the only G20 member with a domestic target that aligns with a 1.5°C modelled domestic pathway in 2030.

 

Revitalising PM-KUSUM

Fossil Fuels

  • The G20 has continued to pour money into the fossil fuel industry, with a total of USD 298bn committed in subsidies from January 2020 to August 2021, which is almost equal to the G20’s total green recovery allocation of USD 300bn.

 

Energy sector

  • CO2 emissions from the energy sector make up 78% of all GHG emissions (including land use change and forestry), with the highest proportion coming from the power sector.

 

Net Zero targets

  • Canada, the EU, France, Germany, Japan, South Korea and the UK – together accounting for 14% of global GHGs – have enshrined their target in law.

 

Climate Transparency Report 2021 India

  • On the other hand, Australia, India, Mexico, Russia, Saudi Arabia, Turkey have not announced any target till now.

 

Ambition Gap

  • The Ambition gap is the gap between the NDC and the 1.5°C compatible range as modelled by the 1.5°C National Pathways Explorer.

 

CAT rating

  • The CAT rating here is a new, overall rating that combines several separately rated elements of policies and actions, domestic and internationally supported targets, ‘fair-share’ target and contribution to climate finance.

 

World Social Protection Report 2020-22

 

Climate Transparency Report 2021: Suggestions

  • G20 members that have not yet done so need to adopt mid-century net zero targets that are embedded in law.
  • G20 members that are still supporting fossil fuel industries need to redirect subsidies towards sector transformation and investments in renewable energy and other green sectors.
  • Power: Further stimulate and scale up growth in renewables whilst committing to a rapid phase-out of fossil fuels.
  • Transport: Introduce policies and measures aimed at fuel switching to low-carbon fuels, mass electrification and modal shifting. Sales of internal combustion engine (ICEs) vehicles should be banned by 2035 to limit temperatures to 1.5°C.8
  • Agriculture: Global deforestation needs to be halted and changed to net zero CO2 removals by around 2030
    • Methane emissions (mainly enteric fermentation) need to decline by 10% by 2030 and by 35% by 2050 (from 2010 levels). Nitrous oxide emissions (mainly from fertilisers and manure) need to be reduced by 10% by 2030 and by 20% by 2050 (from 2010 levels).

 

Global Warming and Permafrost

 

About climate transparency partnership

  • Climate Transparency is a global partnership with a shared mission to stimulate a “race to the top” in climate action in G20 countries through enhanced transparency.

 

About climate transparency countries

  • AMERICAS: Argentina, Brazil, Canada, Mexico, The United States.
  • EUROPE:  European Union, France, Germany, Italy, Russia, The United Kingdom, Turkey.
  • AFRICA AND MIDDLE EAST: Saudi Arabia, South Africa.
  • ASIA: Australia, China, India, Indonesia, Japan, South Korea.
  • NON-G20 COUNTRIES:  Colombia, Nigeria, Philippines.

 

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