The world is far away from the practical implementation of the tasks of the Paris climate agreement.
This is stated in the long-term forecast of a group of Wood Mackenzie researchers, which contains an analysis of the state of the global climate, as well as information on how much it might cost to correct the situation, reports the American publication Axios.
According to the paper, the researchers' base case scenario, which models the evolution of current policy and technological trends, shows a temperature increase of 2.5°C above pre-industrial levels. It is noted that even today's level of warming is already having dangerous consequences in the form of natural disasters on the planet.
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— The most ambitious goal of the Paris climate agreement is to achieve net-zero emissions by 2050, set at 1.5°C. However, this requires an annual investment of $2.7 trillion, — the report says.
It is also noted that certain zero-emission commitments cover 88% of global harmful emissions.
At the same time, the researchers note, in fact In fact, the situation does not correspond to ambitions – not a single large country is even close to the interim goals for 2030.
— Renewable energy is expanding rapidly but also faces headwinds from high interest rates and cost inflation. Implementation of the Paris Agreement, — It's not just big financial resources. There are pressing needs related to permitting and supply chain restrictions.
At the same time, the publication notes, Wood Mackenzie's analysis differs somewhat from the conclusions of the International Energy Agency (IEA).
Agency analyst David Brown noted that demand for oil and natural gas will peak in the current decade. At the same time, according to the Wood Mackenzie researchers' baseline scenario, demand for oil will peak in the early 2030s, and for gas in 2035-2040. While Wood Mackenzie's base case scenario envisages oil demand in 2050 at 92 million barrels per day.
Paris Climate Agreement – adopted on December 12, 2015 at the United Nations Climate Conference. The document was signed by representatives of 196 countries.
The agreement obliges countries around the world to reduce greenhouse gas emissions, which will help limit the negative consequences of probable global warming.
According to Article 2, the purpose of the agreement is to enhance the implementation of the UN Framework Convention on Climate Change. In particular, keep the global average temperature rise “well below” 2 °C and make efforts to limit temperature rise to 1.5 °C.
Recall that in 2021, a report by the non-governmental organization Climate Action Tracker reported that that only one country in the world is moving towards full compliance with the terms of the Paris Climate Agreement.
In November 2019, the United States officially notified the UN of the start of the withdrawal procedure, and on November 4, 2020, it officially withdrew from the Paris Climate Agreement. Then-President Donald Trump believed the agreement placed unfair restrictions on the United States
In February 2021, immediately after his inauguration, newly elected US President Joe Biden signed an executive order returning the country to the agreement.
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