Transformations must occur across every sector at far faster pace than recent trends to keep the window open to achieve the Paris Agreement’s goal to limit global warming to 1.5°C, according to the Systems Change Lab report authored by the UN High-Level Climate Champions, Climate Action Tracker, ClimateWorks Foundation, Bezos Earth Fund and World Resources Institute.
Across 40 different areas spanning the power sector, heavy industry, agriculture, transportation, finance and technology, not one is changing quickly enough to avoid 1.5C in global heating beyond pre-industrial times, a critical target of the Paris climate agreement.
Coal needs to be phased out five times faster than it is now, according to the analysis, while the pace of reforestation needs to be three times faster. Coastal wetlands need to be restored nearly three times faster, climate finance needs to grow 13 times faster and the energy intensity of buildings needs to drop at a rate almost three times faster than now.
For more details, read the full report here.