Is the world doing enough about climate change?

The scientific consensus on climate change is increasingly bleak. As global temperatures continue to climb, the increase in climate extremes is pushing nature and humans “beyond their ability to adapt,” the UN’s Intergovernmental Panel on Climate Change (IPCC) warned in its late-February report. “Any further delay in concerted global action will miss a brief and rapidly closing window to secure a liveable future,” said Hans-Otto Pörtner, one of the report’s co-authors. Climate breakdown is already causing dangerous and widespread disruption in nature and affecting the lives of billions of people. Impacts include deadly heat waves and other threats to human well-being, ocean acidification and significant species loss. “Half measures are no longer an option,” said IPCC chair Hoesung Lee. If the world stands a chance of blunting the worst effects of the climate emergency, its largest economies must move to quickly transition away from burning fossil fuels. And the wealthiest countries must lead the way. A new Corporate Knights analysis and accountability tool, Earth Index, has revealed that G20 countries, responsible for about 75% of global greenhouse gas (GHG) emissions, remain far off track from meeting their climate targets. From 2016 to 2019, none of the 10 developed countries that are members of the Group of 20 nations managed to reduce emissions at a rate consistent with their 2030 targets, the index shows. In 2019, only Germany and Turkey hit their marks. Canada was the worst performer of the developed countries. Its performance was second last to Russia – also a large oil and gas producer – between 2016 and 2019. Corporate Knights is launching the Earth Index initiative to gauge whether G20 countries are living up to their decarbonization commitments. “We are not on track to meet these targets,” says Ralph Torrie, Corporate Knights director of research. “And for most countries, it’s not even close.”

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