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G20 Climate Targets Show Acceleration in Reducing CO2, LSEG Says
Insurance Journal· 2025-11-04 11:52
Group 1 - Global efforts to reduce emissions are expected to accelerate significantly post-2030, according to an analysis by the London Stock Exchange Group (LSEG) [1] - LSEG's analysis indicates a potential additional reduction in greenhouse gas emissions of up to 18% over the next five years compared to existing 2030 targets [2] - Only 64 countries, accounting for about one-third of global emissions, submitted Nationally Determined Contributions (NDCs) by the September 30 deadline, raising concerns about the ambitious climate agenda at the upcoming COP30 summit [3] Group 2 - An inconclusive COP30 summit could derail the NDC process, while firm commitments from major actors could reinforce the Paris Agreement and the NDC mechanism [4] - The 2035 targets set by G20 economies, representing 71% of the group's emissions, indicate substantial new climate commitments, implying a reduction of 3.3 to 4.4 gigatons of carbon-dioxide equivalent compared to the 2030 NDCs [5] - Faster emissions reductions are primarily linked to progress in China and Turkey, while the European Union is still seeking consensus on its emissions plan [6] Group 3 - Progress on NDCs has significant implications for companies and investors, as they will face increased transition risks due to government efforts to accelerate the shift to a low-carbon economy, along with growing physical risks [7]
X @Bloomberg
Bloomberg· 2025-09-16 14:22
The EU is likely to miss the UN’s climate pledge deadline as member states remain divided on emission cuts https://t.co/frDnm0t8lJ ...
X @The Economist
The Economist· 2025-08-01 22:40
Climate Policy - The scientific basis for achieving net zero emissions is robust [1] - Achieving net zero in the near future necessitates rapid, substantial, and potentially challenging emission reductions [1] - Governments should prioritize feasible policies instead of abandoning net zero targets [1]