COP27: Broken promises are a regular part of climate conferences. Last year, 200 countries announced plans on how to save the environment. How are countries doing now on the pledges they made at last year's climate talks? DW’s NiranjanAjit reports:
. A group of 46 countries said they would phase out their unabated coal plants — power plants that have not been fitted with technology to capture and store carbon — including coal-hungry countries like Poland and Vietnam. Another 39 countries said they would stop financing fossil fuel projects in other countries by the end of 2022.
"To align the power system with the Paris Agreement, efforts to phase out coal generation need to accelerate six-fold to reach zero by 2040," said Jennifer Layke, director of energy at the World Resources Institute, an environmental nonprofit group."Around 100 GW of coal plants would need to be retired each year — or the equivalent to closing 310 average-sized coal plants per year."pollution to 30% of 2020 levels by the end of the decade.
"There is much more to do," said James Turitto, who hunts invisible methane emissions from oil and gas companies for Clean Air Task Force, a global nonprofit organization pushing for technological solutions to climate change."Some of the world's largest emitters still have yet to join the Global Methane Pledge, and we need all its supporters to commit to action."
"Many of the companies involved in this lobbying effort are the same companies that have made public comments about the need to reduce methane emissions," said Vivek Parekh, an analyst at Influence Map.companies — controlling more than $130 trillion in assets — said they would move money to keep the planet from heating 1.5 degrees Celsius.
But"despite encouraging signs, not a single global indicator is on track to meet these 2030 goals," according to a report published in October by the Forest Declaration Assessment, a nonprofit group. To get there, rates of deforestation would have to fall 10% per year. Last year, they only fell 6%.
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