Florian Gallo
In a context where physical impacts from climate change are being increasingly felt, with record temperatures all over the globe in 2023, closing those gaps and addressing the adaptation challenges is becoming critical.
Our FTSE Russell sustainable investment research analysts have found that achieving the mid-century targets of G20 countries would align with 2.1°C by the end of the century.
Their research highlights two gaps:
- An ‘ambition gap’ as G20 countries’ 2030 Nationally Determined Contribution (NDC) targets track towards half a degree higher temperatures than their mid-century targets (2.6°C vs 2.1°C)
- An ‘implementation gap’ as G20 members policies are not yet sufficient to achieve the NDCs. In aggregate, we estimate annual emissions would be 7.9% higher under current policies than targeted under their NDCs
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