Why the Paris Agreement will be another UN climate flop

  • Date: 05/02/21
  • BloombergNEF

Of the top 20 global CO2 emitters, not a single one is hitting its climate goals as outlined under the Paris Agreement, according to data from the Climate Action Tracker.

G20 countries’ climate policies fail to comply with Paris Agreement promises

With just nine months to go until the critical next round of international climate talks, the world’s largest economies are far from having the right policy plans in place to meet the green pledges made at the COP21 climate conference in Paris in 2015, let alone bolder new promises to decarbonize, according to new research from BloombergNEF (BNEF).

BNEF’s G20 Zero-Carbon Policy Scoreboard evaluates the G20 countries’ decarbonization policies to measure which governments have implemented regimes to realize the goals of the Paris Agreement, or more substantial decarbonization. It highlights examples of what works and could be replicated elsewhere, and flags where more progress is needed.

“The high-level pledges over the last year, in particular, have been impressive with major economies such as the European Union, Japan, South Korea and China all promising to get to ‘net-zero’ emissions or carbon neutrality at some future date,” said Victoria Cuming, head of global policy analysis for BNEF. “But the reality is that countries simply haven’t done enough at home with follow-through policies to meet even the promises made more than five years ago.”

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