Key publications presented at the UN Climate Change Conference COP25 in Madrid last month can be important resources in 2020 as countries strive to meet the temperature goals laid down in the Paris Agreement.
The World Economic Forum is sounding the alarm bells on climate change, with its annual Global Risks Report showing that environmental risks are for the first time among the top five long-term concerns, with fears of a climate breakdown now dominating.
The year 2019 was the second warmest year on record after 2016, according to the World Meteorological Organization’s consolidated analysis of leading international datasets.
Average temperatures for the five-year (2015-2019) and ten-year (2010-2019) periods were the highest on record. Since the 1980s each decade has been warmer than the previous one. This trend is expected to continue because of record levels of heat-trapping greenhouse gases in the atmosphere.
Financing the green transition: The European Green Deal Investment Plan and Just Transition Mechanism
The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national public sector, as well as the private sector. The European Green Deal’s Investment Plan – the Sustainable Europe Investment Plan – presented today will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.
The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, according to the International Renewable Energy Agency (IRENA). Renewable electricity should supply 57 per cent of global power by the end of the decade, up from 26 per cent today.