Breakdown of the latest Emissions Gap Report ahead of COP27
A couple of weeks ago, on the 27th of October 2022, the United Nations Environment Programme published their latest Emissions Gap Report, just ahead of the COP27 summit in Egypt that kicked off today. We saw a very short-lived, but unprecedented, reduction in global emissions as a response from the COVID-19 pandemic – does this mean that there is a way in which we are able to adapt and mitigate, whilst still living our day to day lives?
The report starts off by setting the global scene, laying out the targets set and whether they have been met or not, followed by an assessment of each temperature scenario for the 2030 target. The conclusion then makes note of the robust changes that are needed in each key area to achieve, achieve the Paris Agreement: industry, food, and finance.
The UK came out as leaders in COP26 last year, but political turmoil, a cost of living crisis and the energy crisis has left climate change with very little government bandwidth this year.
Despite the doom and gloom, the sanguine final word of the report is clear – we must significantly reduce our emissions across the board. World leaders will be addressing these issues face on over the next fortnight, so now is the time to start expecting some changes in the emission reduction and reporting policy landscape across the globe.
The report concludes the driving forces to reaching net-zero emissions are;
- Initiating zero-carbon technological advancements,
- Pursuing deep and absolute carbon reduction efforts and
- Investing in Technological Innovations.
The Emissions Gap Report
Created by the United Nations Environment Programme, the Emissions Gap Report is an informative tool that provides an official overview on the annual differences in greenhouse gas emissions across the globe. Backed by science, these reports are instrumental in helping keep urgency on the climate crisis, as well as keeping accurate scientific information ingrained within decision making.
The ‘Emissions Gap’ is defined as ‘‘the difference between estimated global GHG emissions resulting from full implementation of targets, total global GHG emissions under the least-cost scenario to keep global warming below 2°C, 1.8°C, and 1.5°C’’.
How can we help?
When it comes to data-driven solutions, Sustainit have spent the last 20 years partnering with clients in the most carbon intensive industries to collect, track and utilise non-financial data to help drive business performance without compromising the future of our environment.
The work we have done with our clients has had an immeasurable impact on improving resourcefulness, enhancing productivity and driving innovation by wielding dormant data in a practical and accurate way.
Get in touch with one of our sustainability experts to find out how we can help you track, analyse, and make use of all your non-financial data in a way that will contribute to the global climate agenda, whilst improving your business performance.