Home Politics Emissions tracking by country and sector

Emissions tracking by country and sector

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By Homi Kharas, Wolfgang Fengler, Reshma Sheoraj, Lukas Vashold, Teodor Yankov

Global greenhouse gas emissions (GHG) for 2022 will be 58 gigatons (GT), the largest annual level ever recorded. If current economic growth, demography, and emissions intensity trends continue, the level of emissions will continue to rise, reaching 62 GT by 2030. The gap between actual emissions and what is needed to keep the Paris Agreement targets at or below 1.5 degrees above pre-industrial levels will be more than 30 GT. At a global level, we know what needs to be done. Emissions have to come down by about 3 GT each year for the next three decades. We missed the targets in 2021 and 2022, so now the rate of emissions reduction has to be even faster.

The World Data Lab’s World Emissions Clock (a new tool launched at COP27 in Sharm el-Sheikh), provides a snapshot of the global challenge. It presents two concepts to make climate action more quantitative and actionable: First, there is an implementation gap of 2.6 GT, reflecting the shortfall of actual emission reduction relative to annualized commitments made in countries’ Nationally Determined Contributions (NDCs). Second, there is an ambition gap of 5.3 GT reflecting the shortfall of…



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