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The UN warns that national pledges to cut greenhouse gas emissions fall far short of what's needed to combat climate change. As countries prepare for COP29 in Baku, stronger commitments are essential to limit global warming to 1.5°C.
The United Nations reported that national pledges to cut greenhouse gas emissions still significantly lack the ambition needed to prevent catastrophic global warming, as countries gear up for upcoming climate negotiations in November.
Current "nationally determined contributions" (NDCs) submitted to the UN are projected to reduce global emissions by 2.6% from 2019 to 2030, an improvement from 2% last year. However, this falls short of the 43% reduction required to stay within the Paris Agreement’s target of limiting global temperature rise to 1.5 degrees Celsius.
Under the Paris Agreement, nations are required to present new, stronger NDCs by February next year. UNFCCC Secretary General Simon Stiell emphasized that current plans are insufficient to prevent global warming from severely impacting economies and livelihoods. He stated that upcoming NDCs must clearly outline a path forward.
The success of COP29 climate talks in Baku, where nearly 200 countries will discuss a global emissions trading system and a $100 billion annual financial package for developing nations, will be crucial for encouraging more ambitious pledges.
Pablo Vieira, global director of the NDC Partnership, noted that nations may leverage the NDC process to negotiate increased funding in exchange for bolder commitments, aiming to create investable plans that attract both public and private finance.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Global temperatures in 2024 exceeded the crucial 1.5°C threshold above pre-industrial levels for the first time, marking a serious warning for the world’s climate goals under the Paris Agreement, scientists said.
Wildfires and a severe heatwave sweeping across Europe have claimed the lives of two people in Spain and another two in France, while also causing the shutdown of a nuclear reactor in Switzerland.
Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
A Clean Energy Centre will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week, announced Asad M. Khan, Secretary General of the ECO.
The European Union plans to cut greenhouse gas emissions by 90% by 2040 and, for the first time, allow limited use of foreign carbon credits to meet the target.
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