Page Title: Global Climate Agreements: Successes and Failures | Council on Foreign Relations

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Page Description: International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.

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Page Keywords: Climate Change, Energy and Climate Policy, Paris Climate Agreement, Treaties and Agreements, Energy and Environment

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Page Text: The Intergovernmental Panel on Climate Change (IPCC) , a UN body established in 1988, regularly assesses the latest climate science and produces consensus-based reports for countries. Why are countries aiming to keep global temperature rise below 1.5°C? Scientists have warned for years of catastrophic environmental consequences if global temperature continues to rise at the current pace. The Earth’s average temperature has already increased approximately 1.1°C above preindustrial levels, according to a 2021 assessment [PDF] by the IPCC. The report, drafted by more than two hundred scientists from over sixty countries, predicts that the world will reach or exceed 1.5°C of warming within the next two decades even if nations drastically cut emissions immediately. A earlier, more comprehensive IPCC report summarized the severe effects expected to occur when the global temperature warms by 1.5°C: Heat waves. Many regions will suffer more hot days, with about 14 percent of people worldwide being exposed to periods of severe heat at least once every five years. Droughts and floods. Regions will be more susceptible to droughts and floods, making farming more difficult, lowering crop yields, and causing food shortages. Rising seas. Tens of millions of people live in coastal regions that will be submerged in the coming decades. Small island nations are particularly vulnerable. “We’re headed toward disaster if we can’t get our warming in check.” Alice C. Hill, CFR Senior Fellow for Energy and the Environment Email Ocean changes. Up to 90 percent of coral reefs will be wiped out , and oceans will become more acidic. The world’s fisheries will become far less productive. Arctic ice thaws. At least once a century, the Arctic will experience a summer with no sea ice , which has not happened in at least two thousand years. Forty percent of the Arctic’s permafrost will thaw by the end of the century. Species loss. More insects, plants, and vertebrates will be at risk of extinction. The consequences will be far worse if the 2°C threshold is reached, scientists say. “We’re headed toward disaster if we can’t get our warming in check and we need to do this very quickly,” says Alice C. Hill, CFR senior fellow for energy and the environment. Which countries are responsible for climate change? The answer depends on who you ask and how you measure emissions. Ever since the first climate talks in the 1990s, officials have debated which countries—developed or developing—are more to blame for climate change and should therefore curb their emissions. Developing countries argue that developed countries have emitted more greenhouse gases over time. They say these developed countries should now carry more of the burden because they were able to grow their economies without restraint. Indeed, the United States has emitted the most of all time, followed by the European Union (EU). However, China and India are now among the world’s top annual emitters, along with the United States. Developed countries have argued that those countries must do more now to address climate change. In the context of this debate, major climate agreements have evolved in how they pursue emissions reductions. The Kyoto Protocol required only developed countries to reduce emissions, while the Paris Agreement recognized that climate change is a shared problem and called on all countries to set emissions targets. Are the commitments made under the Paris Agreement enough? Most experts say no. Countries’ pledges are not ambitious enough and will not be enacted quickly enough to limit global temperature rise to 1.5°C. Current policies could result in a 2.7°C (4.9°F) rise by 2100, according to the Climate Action Tracker compiled by Germany-based nonprofits Climate Analytics and the NewClimate Institute. “The Paris Agreement is not enough. Even at the time of negotiation, it was recognized as not being enough,” says CFR’s Hill. “It was only a first step, and the expectation was that as time went on, countries would return with greater ambition to cut their emissions.” Dozens of countries actually submitted bolder pledges ahead of the COP26 summit in November 2021, the deadline for countries to revisit their NDCs. For example, President Biden announced in April 2021 that the United States will aim to cut emissions by 50 to 52 percent below its 2005 level by 2030, doubling President Barack Obama’s commitment. In addition, the final agreement from COP26, the Glasgow Climate Pact , urged countries to submit new, more ambitious NDCs by the end of 2022, instead of waiting five years. But the world’s average temperature will still rise 2.1°C (3.8°F) by 2100 even if countries fully implement their pledges for 2030 and beyond. If the more than one hundred countries that have set or are considering net-zero targets follow through, warming could be limited to 1.8˚C (3.2°F), according to the Climate Action Tracker. What are the alternatives to the Paris Agreement? Many experts foresee the most meaningful climate action happening outside of the Paris Agreement. Some call for the creation of a climate club —an idea championed by Yale University economist William Nordhaus—that would penalize countries that do not meet their obligations or do not join. Others propose new treaties [PDF] that apply to specific emissions or sectors to complement the Paris Agreement. “Progress is going to happen not globally with all countries joined together, but in smaller groups and by sector,” says Victor. There were several examples of this in the lead up to and during COP26: Group of Twenty (G20) countries pledged to stop financing new coal-fired power plants abroad. Dozens of countries signed a U.S.- and EU-led commitment to collectively reduce emissions of methane, a potent greenhouse gas, by 30 percent by 2030. And more than 130 countries pledged to halt and reverse deforestation and land degradation by 2030. Many cities, companies, and organizations are also making plans to lower emissions, heeding the UNFCCC’s call to become climate neutral by the second half of the century. In the United States, more than six hundred local governments [PDF] have detailed climate action plans that include emissions-reduction targets. Meanwhile, investors are putting more money into climate-friendly funds. During COP26, more than 450 banks, insurers, pension funds, and other firms that collectively manage $130 trillion committed to use their funds to reach net-zero emissions by 2050. Large companies including Amazon and Starbucks have also made carbon-neutrality commitments. Some have gone further to say they will be carbon negative, removing more carbon from the atmosphere than they release. However, critics have accused some of these companies of greenwashing : marketing themselves as eco-conscious while continuing harmful practices. Although these moves are important for raising awareness and reducing some emissions, “it’s all pretty small relative to governments around the world setting a forceful climate policy,” Michael Greenstone, an economics professor at the University of Chicago, tells CFR’s Why It Matters podcast . Recommended Resources

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