Igniting rapid transformations across all sectors will require a tremendous acceleration in global climate action. For example, to get on track for 2030, the world needs to:
- Reduce the annual rate of deforestation 4 times faster.
- Increase the coverage of rapid transit 6 times faster.
- Phase out coal in electricity generation 7 times faster.
- Lower consumption of beef, lamb and goat in high-consuming regions 8 times faster.
- Decarbonize cement production more than 10 times faster.
- Raise the investment ratio of low-carbon to fossil fuel energy supply more than 10 times faster.
While we have much work to do, a handful of bright spots demonstrate rapid change is not only possible, but already taking off in some sectors and geographies. For example, over a span of five years, Uruguay, Denmark and Lithuania have all grown solar and wind at average annual rates higher than what’s needed globally between 2022 and 2030; sales of heat pumps rose 38% in Europe in the last year alone; and Indonesia restored more than 240,000 hectares of degraded peatlands in 2022.
To learn more, I encourage you to join us for a high-level launch event on November 15 for a discussion on the current state of climate action with the report's authors and an inspiring line-up of climate leaders at 10:00 a.m. ET/4:00 p.m. CET.