Climate pledges can limit temperature rise to 1.8°C – IEA
Agency updates mid-October analysis to reflect slew of new pledges
New pledges since mid-October have raised global climate ambitions to a level potentially capable of holding the rise in temperatures to 1.8°C by the end of the century, IEA director general Fatih Birol said during this week’s Cop26 climate talks. The IEA’s mid-October forecast was for 2.1°C of warming by the end of the century, provided all announced pledges were implemented in full and on time. The UN stocktake before the conference said pledges would lead to 2.7°C of warming. The discrepancy could be due to a number of factors. The UN stocktake includes only actions outlined in Nationally Determined Contributions by countries signed up to the Paris Agreement. The IEA figures also include
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks