75% Of Paris Pledges "Far Too Little, Far Too Late"; 126/184 Plans Depend On Non-Existent Financing
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The news came a day after Trump, in a move promised in 2017, formally began the year-long effort to extract the United States from pledges President Obama agreed to in 2015 as its part of the global agreement. The U.S. agreed to cut its emissions by almost a quarter of 2005 levels by 2025, but Trump has spent the past three years rolling back environmental limits. State and local efforts are trying to fill the gap, the Ecological Fund said, but those efforts focus mostly on electricity generation and auto emissions and are failing to hit the mark.
China, the world's largest emitter, is expected to meet its pledge of "reducing its carbon intensity" by 60-65 percent from 2005 levels by 2030 – a measure that looks at the amount of CO2 emissions per unit of gross domestic product. However, China's overall CO2 emissions increased by 80 percent between 2005 and 2018 and are expected to continue rising for the next decade, the report's authors concluded.
India, likewise, has vowed to cut its "emissions intensity" by 30 percent to 35 percent by 2030 – a promise it, too, is likely to keep. But like China, India's economy continues to expand, meaning its total emissions are likely to grow through 2030 due to economic growth.
The lack of ambition isn't limited to just the world's major emitters: Of the 184 country pledges in the Paris Agreement, 126 are partially or totally dependent on international finance, technology and capacity building. With no sign of international support for such efforts, many of those commitments may never materialize, the report concluded. "it is naïve to expect current government efforts to substantially slow climate change," said James McCarthy, Professor of Oceanography at Harvard University and a co-author of the report.
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https://www.dailyclimate.org/paris-climate-agreement-2641226909.html
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