Oct 08, 2015 - 11:00am
In the last month more than 80 countries submitted their initial emission reduction commitments to the United Nations Framework Convention on Climate Change (UNFCCC), bringing the total number of nations with post-2020 targets to 147. This means that over 85 per cent of global emissions are now covered by post-2020 targets.
The major emerging economies Brazil, India and South Africa – otherwise known as the BASIC bloc – were among those who submitted targets last month. These submissions, as well as recent policy announcements from China, are the focus of this update. The four countries that make up the BASIC bloc account for 33 per cent of global emissions, and their ministers meet regularly to coordinate negotiation positions at the UNFCCC.
With the adoption of the UN Sustainable Development Goals in late September, climate finance was also at the forefront of policy developments. France and the United Kingdom announced large increases in their climate finance pledges: France increased its commitment by €2 billion a year (US$2.25 billion) to deliver a total of €5 billion a year by 2020, and the UK pledged £5.8 billion (US$8.8 billion) between2016-2021. China also made a climate finance pledge, announcing that it would contribute US$3.1billion to low-carbon development in least developed countries.
With most major emitters and economies now having initial offers of the action they will take after 2020 to limit emissions, focus will shift to the elements of the Paris agreement that ensure stronger action through time.
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.
Click below to download the full text of The Climate Institute's October update.