A Global Stocktake Of Decarbonisation Efforts Finds More Work Is Needed

Presenters at the “Insights for the Global Stocktake: System transformations & international cooperation” webinar.

KUALA LUMPUR, June 6 – It was not all bad news at the “Insights for the Global Stocktake: System transformations & international cooperation” webinar – that highlighted the progress in worldwide efforts towards decarbonisation and meeting the goals of preventing an over-heated Earth – even if indications were that none of the sectors responsible for 85 percent greenhouse gas emissions (GHG) were on track yet to meet the 2030 emissions target.

The best was the promising progress some of the sectors have made, including the transport industry, in their global efforts to bring done GHG emissions in some of their operations. The presenters also highlighted the advancing shift in the power sector to renewable energies, rapid rise in the use of solar and wind power, and the establishment of regulatory frameworks for renewables by 44 countries, among the progress.

Seven areas, namely power, industry, buildings, transport, food and agriculture, forests and land, technological carbon removal as well as the underlying financing needed came into focus in the analysis of what has been happening, the changes that have been affected, and the urgent transformation and global cooperation needed to bring about transformation in the sectors and system to meet the Paris Agreement to keep global warming to less than 1.5 degrees celsius by reducing emissions by 45 percent.

The stocktake findings were presented by Louise Jeffery (NewClimate Institute), Judit Hecke (NewClimate Institute), Claire Fyson (Climate Analytics), Sophie Boehm (World Resources Institute), Sebastian Oberthür (Free University Brussels), Lukas Hermwille (Wuppertal Institute).

The webinar, held on June 6th, was organised by the Wuppertal Institute for Climate, Environment and Energy Climatepolicy.net e.V. University of Eastern Finland (UEF) and World Resources Institute (WRI) as part of the Bonn Climate Change Conference.

The detailed presentation of how each sector is doing, whether it is headed in the right direction and what more needs to be done as well as the issue of financing and the needed global cooperation, can be found here: https://www.youtube.com/watch?v=wFlo5aFHYSs

— WE