THE GLOBAL STOCKTAKE REPORT

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• Paris Agreement Progress: The report highlights that overall global progress toward achieving the Paris Agreement targets is currently inadequate.
• Narrowing Window of Opportunity: It emphasises that while progress is lacking, there is still a rapidly diminishing timeframe within which countries can align their actions with the Paris Agreement.
• Ambitious Emissions Reduction: Significantly greater ambition is necessary to reduce global greenhouse gas emissions by 43% by 2030 and 60% by 2035, ultimately achieving global net-zero CO2 emissions by 2050.

• Need to Scale Up Renewable Energy: To meet climate goals, there is a need to expand renewable energy sources while swiftly phasing out ‘unabated fossil fuels,’ such as coal plants without carbon capture and storage mechanisms.

• Combatting Deforestation and Land Degradation: Efforts must be made to stop and reverse deforestation and land degradation, while also promoting agricultural practices that play a critical role in reducing emissions and enhancing carbon storage.

• Addressing ‘Loss and Damage’: Urgent action across climate and development policies is required to comprehensively manage the risks associated with ‘loss and damage’ from climate change and support affected communities.

 

The mentioned article gives the details of the ‘Global Stocktake’ report that has the goal of restricting the worldwide temperature below 2 degrees centigrade. The article talks about the 2015 Paris Agreement and the ‘Global Stocktake’ is the effort to reach all Paris agreements. Gaurav Nikumbh has written this informative article and our well-qualified faculty Vikas Gupta has reviewed this article for final publishing on the website and current affairs news. 

Students can access such current affairs updates on the dedicated current affairs section of the Plutus IAS website. 

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