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Dear Colleague,
While many countries, cities, regions, companies and financial institutions have adopted more ambitious commitments to fight the climate crisis, they’re far short of what is needed. We must see significant action across all sectors this decade to keep the Paris Agreement’s goal of limiting global warming to 1.5°C within reach, according to new findings published today by Systems Change Lab.
The State of Climate Action 2022 report analyzes progress across 40 indicators of action needed by 2030 and 2050 across sectors – power, buildings, industry, transport, forests and land, and food and agriculture. It also monitors recent progress made in scaling up carbon removal technologies and climate finance. Unfortunately, the report finds that none of the indicators are on track to deliver the systemwide transformations necessary to achieve 2030 targets.
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The report is a joint effort from Bezos Earth Fund, Climate Action Tracker (a consortium of Climate Analytics and NewClimate Institute), ClimateWorks Foundation, the UN Climate Change High-Level Champions and World Resources Institute. Join the report authors on November 3 for a high-level launch event at 9:00 a.m. ET/3 p.m. CET.
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The State of Climate Action 2022 highlights some bright spots. For instance, adoption of zero-carbon power sources – including renewables like solar and wind power – is on the rise around the world, with recent years witnessing record-breaking growth. The sales of electric vehicles are also taking off, with the share of EV passenger car sales doubling from 2020 to 2021.
Yet, despite these bright spots, the hard truth is that getting on track to limit warming to 1.5°C will require an enormous acceleration of effort across all sectors. For example, the world needs to:
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- Phase out unabated coal in electricity generation 6 times faster
- Reduce the annual rate of deforestation 2.5 times faster
- Increase the share of electric vehicle passenger car sales 5 times faster
- Lower per capita consumption of meat from cows, goats, and sheep 5 times faster in the Americas, Europe, and Oceania
- Scale-up global climate finance more than 10 times faster
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As we head into COP27, the State of Climate Action 2022 will be an invaluable handbook for decision-makers in government, civil society, companies, investment firms and funding institutions to determine where to focus their limited time and resources to tackle the climate crisis. For more information, read our Insights article that breaks down the main findings.
Warmly,
Ani
Ani Dasgupta
President & CEO
World Resources Institute
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