The UN Environment Programme has released their update on the greenhouse gas emissions gap. The report presents the latest data on the expected gap in 2030 for the 1.5°C and 2°C temperature targets of the Paris Agreement. It considers different scenarios, from no new climate policies since 2005 to full implementation of all national commitments under the Paris Agreement. For the first time, it looks at how large annual cuts would need to be from 2020 to 2030 to stay on track to meeting the Paris goals.
The UN report states that:
- On current unconditional pledges, the world is heading for a 3.2°C temperature rise.
- Technologies and policy knowledge exist to cut emissions, but transformations must begin now.
- G20 nations account for 78 per cent of all emissions, but 15 G20 members have not committed to a timeline for net-zero emissions.
While the report paints a bleak outlook and we can see the impact of climate change in our lives today, the report clearly outlines what can be done now. Philanthropy can accelerate this process.
Philanthropists and their partners in Australia and around the world are leading and supporting efforts towards a prosperous and sustainable post-fossil fuel world.
Grantmakers of all different types – from health, to education, to environment, to social disadvantage – can maximise co-benefits by applying a ‘climate lens’ to their grantmaking. The AEGN can help philanthropy explore this strategic approach. We have access to the extraordinary skills and knowledge of other experienced philanthropists and we can help you identify co-funding opportunities. Philanthropy can also unlock the power of the market through participation in the international philanthropic divestment and investment movement. DivestInvest will help you understand the steps philanthropists can take.
As the science shows, the window of opportunity for keeping global warming below 1.5 degrees Celsius is closing. There is no better time than now to take action.