Targeted Green Recovery Measures in a Post-COVID-19 World Enable the Energy Transition

Despite the significant volume of fiscal recovery measures announced by countries to deal with the COVID-19 crisis, most recovery plans allocate a low percentage to green recovery. We present scenarios exploring the medium- and long-term impact of the COVID-19 crisis and develop a Green Recovery scenario using three well-established global models to analyze the impact of a low-carbon focused stimulus. The results show that a Green Recovery scenario, with 1% of global GDP in fiscal support directed to mitigation measures for 3 years, could reduce global CO 2 emissions by 10.5–15.5% below pre-COVID-19 projections by 2030, closing 8–11.5% of the emissions gap with cost-optimal 2°C pathways. The share of renewables in global electricity generation is projected to reach 45% in 2030, the uptake of electric vehicles would be accelerated, and energy efficiency in the buildings and industry sector would improve. However, such a temporary investment should be reinforced with sustained climate policies after 2023 to put the world on a 2°C pathway by mid-century

Updated nationally determined contributions collectively raise ambition levels but need strengthening further to keep Paris goals within reach

By January 2022, 156 countries had submitted new or updated nationally determined contributions (NDCs) under the Paris Agreement. This study analyses the greenhouse gas (GHG) emissions and macroeconomic impacts of the new NDCs. The total impact of the updated unconditional and conditional NDCs of these countries on global emission levels by 2030 is an additional reduction of about 3.8 and 3.9 GtCO2eq, respectively, compared to the previously submitted NDCs as of October 2020. However, this total reduction must be about three times greater to be consistent with keeping global temperature increase to well below 2 °C, and even seven times greater for 1.5 °C. Nine G20 economies have pledged stronger emission reduction targets for 2030 in their updated NDCs, leading to additional aggregated GHG emission reductions of about 3.3 GtCO2eq, compared to those in the previous NDCs. The socio-economic impacts of the updated NDCs are limited in major economies and largely depend on the emission reduction effort included in the NDCs. However, two G20 economies have submitted new targets that will lead to an increase in emissions of about 0.3 GtCO2eq, compared to their previous NDCs. The updated NDCs of non-G20 economies contain further net reductions. We conclude that countries should strongly increase the ambition levels of their updated NDC submissions to keep the climate goals of the Paris Agreement within reach

The impact of policy and model uncertainties on emissions projections of the Paris Agreement pledges

Tracking progress towards the Paris Agreement climate goal requires understanding the 2030 emission levels implied by countries' National Determined Contributions (NDCs). However, key uncertainties and assumptions impact greenhouse gas (GHG) emission projections implied by the NDCs. This study analyses this impact, both globally and for major emitting countries. We find that the assessed uncertainties markedly affect global GHG emission projections. Full achievement of NDC targets is estimated to result in a range of 46-60 GtCO2eq by 2030 (median estimate: 53 GtCO2eq). The uncertainty in measuring historical emissions, including land-use, as reflected by different datasets is the most important contributing factor. This is followed by two equally important factors globally: socio-economic baseline uncertainty and uncertainty about the emissions implied by current policies in case NDCs are less ambitious than these. Overall, the impact of policy uncertainty (i.e. uncertainty resulting from conditionality of or ranges in NDC targets and uncertainty in emissions resulting from current policies) is about equally important as model/technical uncertainty (i.e. uncertainty in historical emissions and socio-economic baseline variations). This new insight is important for decision makers and researchers because a larger share of the total uncertainty is now attributable to aspects that can be influenced by policy decisions compared to previous analyses of NDC uncertainty

Targeted Green Recovery Measures in a Post-COVID-19 World Enable the Energy Transition

Despite the significant volume of fiscal recovery measures announced by countries to deal with the COVID-19 crisis, most recovery plans allocate a low percentage to green recovery. We present scenarios exploring the medium- and long-term impact of the COVID-19 crisis and develop a Green Recovery scenario using three well-established global models to analyze the impact of a low-carbon focused stimulus. The results show that a Green Recovery scenario, with 1% of global GDP in fiscal support directed to mitigation measures for 3 years, could reduce global CO2 emissions by 10.5–15.5% below pre-COVID-19 projections by 2030, closing 8–11.5% of the emissions gap with cost-optimal 2°C pathways. The share of renewables in global electricity generation is projected to reach 45% in 2030, the uptake of electric vehicles would be accelerated, and energy efficiency in the buildings and industry sector would improve. However, such a temporary investment should be reinforced with sustained climate policies after 2023 to put the world on a 2°C pathway by mid-century

Greenhouse gas emission scenarios in nine key non-G20 countries: An assessment of progress toward 2030 climate targets

This study compares greenhouse gas (GHG) emissions projections in 2030 under current policies and those under 2030 mitigation targets for nine key non-G20 countries, that collectively account for about 5 % of global total emissions today. These include the four largest non-G20 fossil CO2 emitting Parties to the UN climate convention pre- Paris Agreement (Iran, Kazakhstan, Thailand and Ukraine) and one of the largest land-use GHG emitters in the world (Democratic Republic of the Congo). Other countries assessed include major economies in their respective regions (Chile, Colombia, Morocco and the Philippines). In addition to economy-wide GHG emissions projections, we also assessed the projected GHG emissions peak year and the progression of per capita GHG emissions up to 2030. Our GHG emissions projections are also compared with previous studies. On economy-wide GHG emissions, Colombia, Iran, Morocco, and Ukraine were projected to likely meet or significantly overachieve their unconditional 2030 targets with existing policies, while DRC and Thailand would come very close to their targets. Kazakhstan and the Philippines would need to strengthen their action to meet their targets, while Chile recently raised its 2030 target ambition. Only Colombia and Ukraine are projected to have peaked their emissions by 2030. Per capita GHG emissions excluding land-use under current policies were projected to increase in all countries from 2010 levels by 8 % to over 40 % depending on the country. While the impact of the COVID-19 crisis on 2030 emissions is highly uncertain, our assessment on the target achievement would not change for most countries when the emission reductions estimated for 2020 in the literature were assumed to remain in 2030. The findings of this study highlight the importance of enhanced and frequent progress-tracking of climate action of major emitters outside G20, as is currently done for G20 members, to ensure that the global collective progress will become aligned with the pathways toward Paris climate goals

Greenhouse gas emission scenarios in nine key non-G20 countries: An assessment of progress toward 2030 climate targets

This study compares greenhouse gas (GHG) emissions projections in 2030 under current policies and those under 2030 mitigation targets for nine key non-G20 countries, that collectively account for about 5 % of global total emissions today. These include the four largest non-G20 fossil CO2 emitting Parties to the UN climate convention pre- Paris Agreement (Iran, Kazakhstan, Thailand and Ukraine) and one of the largest land-use GHG emitters in the world (Democratic Republic of the Congo). Other countries assessed include major economies in their respective regions (Chile, Colombia, Morocco and the Philippines). In addition to economy-wide GHG emissions projections, we also assessed the projected GHG emissions peak year and the progression of per capita GHG emissions up to 2030. Our GHG emissions projections are also compared with previous studies. On economy-wide GHG emissions, Colombia, Iran, Morocco, and Ukraine were projected to likely meet or significantly overachieve their unconditional 2030 targets with existing policies, while DRC and Thailand would come very close to their targets. Kazakhstan and the Philippines would need to strengthen their action to meet their targets, while Chile recently raised its 2030 target ambition. Only Colombia and Ukraine are projected to have peaked their emissions by 2030. Per capita GHG emissions excluding land-use under current policies were projected to increase in all countries from 2010 levels by 8 % to over 40 % depending on the country. While the impact of the COVID-19 crisis on 2030 emissions is highly uncertain, our assessment on the target achievement would not change for most countries when the emission reductions estimated for 2020 in the literature were assumed to remain in 2030. The findings of this study highlight the importance of enhanced and frequent progress-tracking of climate action of major emitters outside G20, as is currently done for G20 members, to ensure that the global collective progress will become aligned with the pathways toward Paris climate goals

Paris targets within reach by aligning, broadening and strengthening net-zero pledges

Abstract Many countries have recently announced the ambition to reach net-zero emissions targets. Here we explore the climate and energy transition impacts of the following strategies using the IMAGE integrated assessment model: 1) implementing the pledged 2030 targets and net-zero targets, 2) aligning the 2030 emission targets with the net-zero targets, 3) broadening the coalition of net-zero countries, and 4) strengthening the net-zero pledges by bringing them forward in time. The results illustrate that each step could accelerate the low-carbon transition by building on existing elements in international climate policy. Our study shows that the gap between a continuation of current emission trends and a Paris-aligned 1.5 °C target can be reduced by about 90% by 2100. This provides a pathway to bring the Paris Agreement climate goals within reach

Achieving net-zero emissions targets: An analysis of long-term scenarios using an integrated assessment model

More than 100 countries have communicated or adopted new Nationally Determined Contributions (NDCs) and net-zero target pledges. We investigate the impact on global, national, sectoral, and individual greenhouse gas emissions projections under different scenarios based on the announced NDCs and net-zero pledges using the IMAGE integrated assessment model. Our results show that while the net-zero pledges, if implemented, could be an important step forward, they are still not enough to achieve the Paris Agreement goals of well below 2°C and preferably 1.5°C by the end of the century. Still, our net-zero scenarios project significant all-sector decarbonization, in particular, electricity; however, certain sectors like industry and transport prove hard to completely abate