COP26 Report Reveals 'Massive' Credibility Gap Between Climate Commitments and 1.5degC Target

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COP26 Report Reveals 'Massive' Credibility Gap Between Climate Commitments and 1.5degC Target

If all the announced net-zero commitments are implemented, the global temperature would rise 1.8°C by 2100, policy experts said, adding, "but this is only IF these targets are fully implemented, and it's a big IF."

Climate policy experts on Tuesday called for the final days of the United Nations Climate Change Conference to be spent with world leaders focusing on closing the "credibility, action, and commitment" gap that has emerged as countries put forward their goals for reaching net-zero fossil fuel emissions, with current targets on track to allow global heating far above the 1.5degC limit.

"It's all very well for leaders to claim they have a net-zero target, but if they have no plans as to how to get there, and their 2030 targets are as low as so many of them are, then frankly, these net-zero targets are just lip service to real climate action."

The climate policy organizations Climate Analytics and NewClimate Institute released their annual Climate Action Tracker (CAT) on Tuesday, showing that even with full implementation of emissions targets set for 2030, the planet is expected to heat up by 2.4degC by the end of the century.
Including implementation of target pledges made in recent days at the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, countries will still be emitting greenhouse gases at twice the rate needed to limit global heating to 1.5degC--falling short of "clear benchmarks" put forth by the Intergovernmental Panel on Climate Change (IPCC).
"To keep the possibility of 1.5degC alive, we need to cut emissions by 45% below 2010 levels by 2030--in other words, halve emissions from present levels by then," reads the 2021 Climate Action Tracker, subtitled "Glasgow's 2030 Credibility Gap."
"The 2020/2021 round of NDCs [nationally determined contributions] updates has only reduced the emissions gap in 2030 by 15 to 17%," according to the report.
Coal and gas are the primary drivers of the "appalling outlook" at COP26, according to the CAT.
Coal must be phased out of the power sector by countries in the Organization for Economic Co-operation and Development (OECD) completely by 2030, and worldwide by 2040. But "there is still a huge amount of coal in the pipeline," according to the report, and many governments are supporting the rise of natural gas--whose main component is methane--as an alternative to coal.
"The biggest of the coal countries, China, India, Indonesia, and Vietnam, must reduce their coal pipelines, but they cannot switch to gas instead," said Bill Hare, CEO of Climate Analytics. "We cannot let fossil fuels be replaced with more fossil fuels."
While the 2015 Paris climate agreement called on countries to submit progressively more ambitious targets each time they update their NDCs--the efforts each country agrees to make to draw down their fossil fuel emissions--a number of countries including Australia, Switzerland, and Thailand have resubmitted the same target they announced in 2015, while Brazil and Mexico made even less ambitious commitments.
One hundred and forty countries have now announced or are considering net-zero emissions targets, covering 90% of global emissions, compared to 130 countries which had set targets as of May 2021.

"Today's leaders need to be held to account for this massive 2030 gap."

But at COP26, the CAT warned Tuesday, the so-called "'good news' of the potential impact of announced net-zero targets was bringing false hope to the reality of the warming resulting from government inaction."
"If all the announced net-zero commitments or targets under discussion are implemented, this would bring our temperature estimate for this 'optimistic scenario' down to 1.8degC by 2100, with peak warming of 1.9degC," wrote the groups. "But this is only IF these targets are fully implemented, and it's a big IF. Our analysis, covering 40 countries, shows only 6% of global emissions are covered by targets with an 'acceptable' net-zero rating for target comprehensiveness."
Only three countries--Chile, Costa Rica, and the United Kingdom--and the European Union were given an "acceptable" rating by the CAT for the transparency, scope, and architecture of their net-zero targets. Canada, the U.S., Germany, and South Korea were given "average" ratings while the other nations in the CAT's 40-country analysis were rated "poor," did not make enough information available to be rated, or put forward no net-zero target.
"The vast majority of 2030 actions and targets are inconsistent with net-zero goals: there's a nearly one degree gap between government current policies and their net-zero goals," said Hare. "It's all very well for leaders to claim they have a net-zero target, but if they have no plans as to how to get there, and their 2030 targets are as low as so many of them are, then frankly, these net-zero targets are just lip service to real climate action. Glasgow has a serious credibility gap."
Climate Analytics and NewClimate Institute also found that:
  • The projected global warming from current policies--what countries are actually doing--is 2.7@C, with only a 0.2@C improvement over the last year and nearly one degree above the net-zero announcements governments have made;
  • Since the April 2021 Biden Leaders' Summit, the CAT's standard "pledges and targets" scenario temperature estimate of all NDCs and binding long-term targets has dropped by 0.3degC to 2.1degC, primarily due to the inclusion of the U.S. and China's net-zero targets, now formalized in their long-term strategies submitted to the United Nations Framework Convention on Climate Change;
  • Announcements made at COP26 regarding the reduction of methane and coal emissions will "narrow the emissions gap only slightly, if at all";
  • While the projected warming from all net-zero announcements, if fully implemented, is down to 1.8@C by 2100, this estimate is far from positive news, given the quality of the net-zero goals and the massive ambition and action gap in 2030; and
  • This "optimistic" pathway is a long way from the Paris Agreement's 1.5@C limit, with peak 21st century warming of 1.9@C and about a 16% chance of exceeding a warming of 2.4@C.
"While the wave of net-zero targets appears like remarkable news, we can't sit back and relax," said Professor Niklas Hohne of the NewClimate Institute. "In the situation where, even with the new pledges, global emissions in 2030 will still be twice as high as required for 1.5degC, all countries must urgently look at what more they can do."

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Greenpeace International called the CAT "a devastating report that in any sane world would cause governments in Glasgow to immediately set aside their differences" to reach the target of 1.5@C in global heating.
"We have until the weekend to turn this thing around," said Jennifer Morgan, executive director of Greenpeace. "That means countries agreeing how they're going come back next year and every year after that until the gap to 1.5@C is closed. The ministers shouldn't leave this city until they've nailed that."
The World Wildlife Fund said the analysis "paints a dire picture."

"What happens in Glasgow this week could be one of our last shots to deliver meaningful action and funding that will set us on the right track," said Rebecca Shaw, chief scientist for the group. "All eyes are on the leaders in Glasgow."

Closing the credibility gap at COP26 "can only come from increasing the 2030 mitigation ambition, and closing the finance gap, which is essential for many developing countries to make the big jump needed in reducing their emissions to 1.5degC compatible levels," said NewClimate Institute and Climate Analytics.
None of the developed countries in the CAT's analysis have put forward adequate financing to help the Global South mitigate the climate crisis and its effects, with the U.S. and Australia among the countries whose contributions are "critically insufficient."
The CAT's warning on climate finance comes on the heels of a new analysis showing that the $100 billion annual pledge made by the Global North is not expected to begin reaching developing countries until 2023--three years late.
"If the massive 2030 gap cannot be narrowed in Glasgow, governments must agree to come back next year, by COP27, with new and stronger targets," said Hohne. "Today's leaders need to be held to account for this massive 2030 gap. If we wait another five years and only discuss 2035 commitments, the 1.5degC limit may well be lost."

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