Jul 08, 2015 - 2:00pm
In the lead-up to the Paris climate talks in November, countries continue to advance their domestic climate and clean energy efforts and developing their post-2020 emission reduction targets. Click below to download the full text of The Climate Institute's June update on the most recent developments on new targets and other policies.
June marked a high in climate action developments.
China formally submitted its initial post-2020 emissions reduction targets to the UN. These post-2020 targets are called Intended Nationally Determined Contributions (INDCs) and all countries are expected to submit theirs well in advance of the end of year climate negotiations in Paris. China’s offer includes lowering carbon dioxide emissions per unit of GDP by 60 to 65 per cent from 2005 levels and demonstrates
China’s determination to modernise and clean up its economy. However, this should be seen as the floor not the ceiling of China’s actions. While China has aggressively tackled climate action recently, it will still need to do more in a world avoiding 2°C warming.
Along with China, other developing countries - Mexico, Gabon, Morocco and Ethiopia - have also submitted post-2020 emissions reductions targets to the UN (see overview below). In addition, South Korea submitted a stronger than anticipated target equivalent to a 23 per cent reduction on 2014 levels by 2030.
June also saw the meeting of the G7 leaders, who pledged to phase-out the use of fossil-fuels by the end of the century. This target sends a clear signal to industry and investors that the world’s biggest economies are serious about a zero-carbon future.
Through to the Paris climate talks at the end of 2015, The Climate Institute will also regularly update our
Global Climate Action Map
, an interactive tool that allows users to compare policies across countries.