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Emissions Gap Report 2022
October 31 , 2022
748 days
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- The report titled “Emissions Gap Report 2022-The Closing Window” was released recently by the United Nations Environment Programme (UNEP).
- Emission Gap Reports assess the gap between countries’ pledges on emission reduction and the reduction required to bring down the global temperature increase below 2°C by the year 2100.
- It analyses the difference between where the GHG emissions are predicted to be in 2030 and where they should be to prevent catastrophic consequences of climate change.
- The current policies will lead to a 2.8°C temperature rise by 2100.
- Implementation of current climate pledges will only reduce this to a 2.4 to 2.6°C temperature rise by the end of this century.
- GHG emissions must be reduced by 45 percent by 2030 to achieve the Paris Agreement goals.
- The latest report recommended remedial actions in 6 areas – electricity supply, industry, transport and building sectors, and food and financial systems.
- It estimates that the global transformation to a low-carbon economy would require 4 to 6 trillion USD in investment each year.
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