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In this report, the Climate Action Tracker (CAT) explores several sets of scenarios for the evolution of the passenger vehicle stock in China, in order to inform on emission reduction and electricity demand implications. Summary: China is currently the global leader in battery electric vehicle (BEV) sales annually, a position it has held since 2015 when it surpassed the US. The one positive policy priority in China’s COVID-19 recovery focused on transitioning the transport sector towards development of public transport systems and electrified transport. New energy vehicles (NEVs), which...

In these briefings, the Climate Action Tracker (CAT) introduces its new rating methodology, which now rates more elements than before – mitigation targets in Nationally Determined Contributions (NDCs), policies and action, and climate finance. We’ve also added a methodology for assessing net zero targets. These briefings provides an overview of the development in climate action over the last year and illustrates the new CAT assessment of the countries we analyse, based on our updated method. Summary Code red: The new IPCC report on climate science has reinforced the absolute urgency of closing...

This study published in the "Environmental Science & Policy" journal assesses if nine key non-G20 countries meet 2030 GHG targets with existing policies. Main Findings: 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 CO 2 emitting Parties to the UN climate convention pre-Paris Agreement (Iran, Kazakhstan, Thailand and Ukraine) and one of the largest land-use...

In this briefing, the Climate Action Tracker (CAT) estimates global warming by 2100 to be at an all-time low of 2.4°C. Due to recent climate action announcements at President Biden’s Leaders Summit on Climate, together with those announced since September 2020, have improved the CAT’s global warming estimate by 0.2°C. This emissions gap needs to be closed with further NDC target updates this year and targets have yet to be supported by ambitious policies. Leaders’ Summit on Climate creates new momentum on climate action Climate action announcements at US President Biden’s Leaders Summit on...

This report discusses inputs for countries to set their mitigation targets under the Paris Agreement, so that those targets are in line with long-term temperature limit. It reconciles different approaches and suggests closing the disparity of the results from the equity and cost-effectiveness approaches through international support. Further, it analyses spill-over effect of domestic action and provides inputs to the discussion around the long-term mitigation goal of the European Union. Key Findings: The adoption of the Paris Agreement with the long-term goal of reducing temperature increase...

This scientific article in ‘Renewable and Sustainable Energy Reviews’ looks at climate change mitigation policies in five major emitting economies: China, the European Union, India, Japan and the United States. It analyses their performance in terms of energy system and greenhouse gas emissions indicators. The review centres on the sectors of electricity generation, passenger vehicles, freight transport, forestry, industry, buildings, agriculture, and oil and gas production. The article further presents an explorative emissions scenario developed under the assumption that all countries will...

As the key European public finance institution, including in the EU’s COVID-19 response measures, the EIB can and should play a prominent role in the decarbonisation of the transport sector, especially in its aspiration to be the “EU Climate Bank”. Our analysis of the EIB's transport investment portfolio since 2015, finds that about half of transport-related investments are clearly “aligned” with the Paris Agreement. We propose Paris alignment evaluation criteria, including key factors to take into consideration, and a number of investment priorities for the EIB to not only align all its...

A major question of international climate policy is which countries have to reduce their greenhouse gas emissions by how much. As ambitious global climate policy has been delayed for long, emissions now have to be reduced in all countries as fast as possible. Considerations whether the national emission pathway itself is in line with the responsibility and capability of that country moves more and more into the background. It is now more a question of who pays for the transition, not where it is happening. In this paper with Fraunhofer ISI, we argue that only the combination of assessments on...

Weltweit müssen aktuelle Klimaschutzziele überarbeitet werden, um die im Pariser Abkommen beschlossenen Ziele einhalten zu können. Auch in Deutschland ist die Diskussion in vollem Gange. Diese Kurzstudie beschäftigt sich mit den aktuellen Klimaschutzzielen der Bundesregierung und deren Kompatibilität mit dem deutschen CO 2 Budget. Dafür hat NewClimate Institute die Entstehungsgeschichte der deutschen Klimaschutzziele zusammengetragen und ein Budget von Treibhausgasemissionen ausgerechnet, das einem fairen Beitrag für Deutschland entspräche. Zusammenfassung: Die Klimaziele, die sich Deutschland...

This paper discusses ways to identify investments that can be accounted as low-carbon activities. The focus is on the EU Taxonomy, as in the near future it will have to be assessed to what extent this emerging tool can be useful for implementation of the climate finance landscape methodology. Subsequently, we present the added value of linking countries’ climate strategies with investment landscapes. This study offers further recommendations regarding the solutions that help to reduce the gap between current financial structures and the objectives of the national low-emission transition...

This report shows the potential distribution of the emissions reduction efforts between different Parties based on different approaches and presents an in-depth assessment of the circumstances influencing the (over-) achievement of the currently suggested emissions reduction goals. The analysis focuses on the following countries: Brazil, Canada, China, Germany, India, Japan and the United States. Main findings: Keeping global warming well below 2°C and pursuing efforts to limit it to 1.5°C above preindustrial levels, as stipulated in the Paris Agreement, requires accelerated efforts to reduce...

This report shows national GHG emissions reductions for 2030 and 2050 that are consistent with the Paris Agreements’ long-term temperature goal, both based on fairness and cost-effectiveness approaches. The range of fair shares was derived from an evaluation of a broad spectrum of fairness-based approaches by the Climate Action Tracker. The cost-effective reduction shares are based on recent marginal abatement cost curves, which were used to derive globally cost-effective national pathways. Main findings: In the Paris Agreement, which came into force in November 2016, the Parties to the United...

The independent Global Stocktake (iGST) seeks to increase the accuracy, transparency, accountability, and relevance of the official Global Stocktake benchmarking process by bringing together independent researchers and advocates. In this paper, build on previous work, we aim to identify knowledge gaps as well as potential areas of focus for a successful GST to take place. Executive summary: The Paris Agreement includes a cycle of ambition. Each five years, starting in 2023, a Global Stocktake (GST) analyses the global situation and provides information for countries to prepare updated...

This study assesses the EU's 2050 target, i.e. halving global emissions by 2050 to be in line with 2°C, in today's setting to evaluate if the target, which was set ten years ago, is still appropriate and/or sufficient. It offers recommendations for the EU to aim for more ambitious targets. Key findings: The EU’s 2050 greenhouse gas reduction target of 80% to 95% from 1990 levels adopted 10 years ago is outdated as its basis has changed substantially. The global goal agreed in Paris in 2015 is more ambitious and pathways to that goal are now steeper not only because of the more ambitious goal...

This case study presents the potential impact of lower battery and renewable energy costs projections in Canada's NDC emissions target. Main findings The costs for renewable electricity generation and electric vehicles have dropped since the NDCs were developed, and future cost projections also decreased as a result. Wachsmuth and Anatolitis (2018) suggest a simple method to estimate increased RE capacities and EV penetration resulting from these cost decreases. The method assumes that lower battery costs lead to a higher market uptake of EVs and that the savings from decreased RE capacity...