Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

World 'way off track' in halting warming, UN warns ahead of COP26

CommoditiesOct 25, 2021 06:11PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A truck engine is tested for pollution exiting its exhaust pipe near the Mexican-U.S. border in Otay Mesa, California September 10, 2013. REUTERS/Mike Blake

By Emma Farge and Gerry Mey

GENEVA/GLASGOW (Reuters) -Greenhouse gas concentrations hit a record last year and the world is "way off track" in capping rising temperatures, the United Nations said on Monday in a stark illustration of the tasks facing UN climate talks in Scotland.

A report by the U.N. World Meteorological Organization (WMO) showed carbon dioxide levels surged to 413.2 parts per million in 2020, rising more than the average rate over the last decade despite a temporary dip in emissions during COVID-19 lockdowns.

WMO Secretary-General Petteri Taalas said the current rate of increase in heat-trapping gases would result in temperature rises "far in excess" of the 2015 Paris Agreement target of 1.5 degrees Celsius above the pre-industrial average this century.

"We are way off track," he said. "We need to revisit our industrial, energy and transport systems and whole way of life," he added, calling for a "dramatic increase" in commitments https://www.reuters.com/business/cop/un-warns-world-way-off-track-greenhouse-gases-soar-2021-10-25 at the COP26 conference beginning on Sunday.

The city of Glasgow was putting on the final touches before hosting the climate talks https://www.reuters.com/business/cop, which may be the world's best remaining chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the Paris Agreement.

Under countries' current pledges, global emissions would be 16% higher in 2030 than they were in 2010, according to a separate analysis by the UN Framework Convention on Climate Change (UNFCCC).

That is far off the 45% reduction by 2030 that scientists say is needed to cap warming at 1.5 degrees and avoid its most devastating impacts.

"Overshooting the temperature goals will lead to a destabilised world and endless suffering, especially among those who have contributed the least to the (greenhouse gas) emissions in the atmosphere," said Patricia Espinosa, Executive Secretary of the UNFCCC.

"We are nowhere near where science says we should be," Espinosa said.

British Prime Minister Boris Johnson told a news conference with children the summit was going to be "very, very tough".

"I am very worried because it might go wrong and we might not get the agreements that we need and it is touch and go, it is very, very difficult, but I think it can be done," he said.

The German government announced Chancellor Angela Merkel will travel to Glasgow to take part. Russian President Vladimir Putin will not attend in person. He and Chinese President Xi Jinping are expected to make video appearances instead.

Britain is seeking support from major powers for a more radical plan to tackle global warming. Johnson urged Putin, for instance, to bring forward by 10 years Russia's target for achieving net zero carbon emissions, from 2060 to 2050, Johnson's office said on Monday.

The Kremlin said Putin promised that Russia's delegation to Glasgow "will contribute to a successful work of such an important international forum".

'SOURCE OF DEEP FRUSTRATION'

The stakes for the planet https://www.reuters.com/business/cop/climate-change-what-are-economic-stakes-2021-10-25 are huge - among them the very survival of low-lying countries, the impact on economic livelihoods the world over and the future stability of the global financial system.

Alok Sharma, the president of COP26, said developed nations are set to be three years late meeting a pledge to commit a total of $500 billion to help poorer countries tackle climate change.

Rich nations vowed in 2009 to deliver $100 billion a year for five years, starting in 2020. But a plan on how to do so, prepared by Canada and Germany ahead of the summit, said the annual target would now not be met until 2023.

"Understandably, this has been a source of deep frustration for developing countries," Sharma told a televised news conference.

U.S. President Joe Biden's climate envoy John Kerry, attending an event in Saudi Arabia, said the private sector must step in to help governments achieve emission targets.

Saudi Crown Prince Mohammed bin Salman said on Saturday that the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases by 2060 - 10 years later than the United States. He also said it would double the emissions cuts https://www.reuters.com/business/cop/saudi-arabia-worlds-biggest-oil-exporter-unveil-green-goals-2021-10-23 it plans to achieve by 2030.

A Reuters poll of economists found that hitting the Paris goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction https://www.reuters.com/business/cop/climate-inaction-costlier-than-net-zero-transition-economists-2021-10-25.

By contrast, governments since January 2020 have spent a total of $10.8 trillion - or 10.2% of global output - in response to the COVID-19 pandemic.

A "business-as-usual" trajectory leading to temperature rises of 1.6C, 2.4C and 4.4C by 2030, 2050 and 2100 respectively would result in 2.4% lost output by 2030, 10% by 2050 and 18% by 2100, according to the median replies to the survey.

In London, climate activists restarted their campaign of blockading major roads by disrupting traffic in the city's financial district, while in Madrid a few dozen people staged a sit-in protest, briefly blocking the Gran Via shopping street.

"Greenhouse gas emissions are provoking climate catastrophes all over the planet. We don't have time. It's already late and if we don't join the action against what's happening, we won't have time to save what is still left," said Alberto, 27, a sociologist who took part in the protest.

World 'way off track' in halting warming, UN warns ahead of COP26
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (18)
Lesko Brandon
Lesko Brandon Oct 25, 2021 7:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
my parents and grandparents tell me that they were saying this same "the world will end in 10 years" shtick since he was a kid. you can even check out front pages from Time magazine spamming decades spewing the same fearmongering nonsense. yet now they tell us despite everything we have done things are getting worse...if anything it sounds like what they are doing is making things worse.
lula wise
lula wise Oct 25, 2021 7:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
my grandfather tells me that they were saying this same "the world will end in 10 years" shtick since he was a kid. you can even check out front pages from Time magazine spamming decades spewing the same fearmongering nonsense. yet now they tell us despite everything we have done things are getting worse...if anything it sounds like what they are doing is making things worse.
lula wise
lula wise Oct 25, 2021 7:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
not long ago they said the world would face another ice age if we did not do something, sounds like they overshot. maybe we should go back to polluting more to make it ice age again and balance things out from global warming. to be fair though now they call every event climate change. "OMG IT RAINED IN CALIFORNIA!!! QUICK GIVE US MORE MONEY AND POWER"
New Jazenevd
New Jazenevd Oct 25, 2021 6:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Irresponsible alarmism.
Mart Bab
Rubberduck1973 Oct 25, 2021 2:50PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Keep singing on this sinking ship. As long as economy is our bible, nothing will charge except the climate. Buy your airconditioner now
Mart Bab
Rubberduck1973 Oct 25, 2021 2:50PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And to all of you who have children.
Rodolfo Barraco
Rodolfo Barraco Oct 25, 2021 2:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ecoterrorism is gone! was covid first victim! understand now they have to save the economy! all the money will go into production not into increasing energy costs through ecology driving inflation higher. no one cares. They will focus on reducing unemployement, re activating world economy through recession, by any means necesary!
John Thompson
John Thompson Oct 25, 2021 12:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
dont panic human capitalists'  you just going to end up like the Mayan Civilization reduced to dust
Lucas Paolella
Lucas Paolella Oct 25, 2021 11:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Just went outside, looks and feels the same as it did when i was born, in 1951. This is what it looks like when the inmates take over the asylum.
HD HD
HD HD Oct 25, 2021 11:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why don't you eat a year old McDonald's hamburger. it'll look the same. it won't rot. do it because it looks the same right ?
peter neal
peter neal Oct 25, 2021 10:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China and Asia are planning to build 600 new COAL fired plants. The US will build zero. How about having them go green before we keep wetting are pants here. They don't even have mufflers in most countries.
Rodolfo Barraco
Rodolfo Barraco Oct 25, 2021 10:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
long live coal and petrol. they tried to reduce it, and look now... huge inflation, huge energy cost, and even more fosil consumption. trying to rush the energetic matrix is the worse thing you can do for the planet. a slow. gradual approach is best
Black Beard
Black Beard Oct 25, 2021 10:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Look! over there... China!
Better Earthz
Better Earthz Oct 25, 2021 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Implement Work at Home concepts all over the globe. Cut down fuels used in transportation. Ban the manufacturing of single-use plastics
Better Earthz
Better Earthz Oct 25, 2021 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Implement Work at Home concepts all over the globe. Cut down fuels used in transportation. Ban the manufacturing of single-use plastics
Two Wongs Make White
Two Wongs Make White Oct 25, 2021 10:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
anyone have any links to data that show no global warming? thx
Vlad Lozovskiy
Vlad Lozovskiy Oct 25, 2021 8:50AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I paid my carbon tax to politicians.  Mother nature is safe now!!
Whaling Trawler
Whaling Trawler Oct 25, 2021 7:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The world really needs to relax.
Pilot TwoFive
Pilot TwoFive Oct 25, 2021 7:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Just give your money and freedom to the governments and all will be okay….
Co Gonz
Co Gonz Oct 25, 2021 7:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
such fake news
Richard Saunders
Richard Saunders Oct 25, 2021 7:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
A dramatic increase in commitments. Of course they need more. They ALWAYS need more. And more and more and more.....
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email