Progress of major emitters towards climate targets
This report by NewClimate Institute, PBL Netherlands Environmental Assessment Agency, and the International Institute for Applied Systems Analysis (IIASA), provides an overview of projected greenhouse gas (GHG) emissions in 25 major emitting economies up to 2030 under currently implemented policies. Since our 2023 report, no countries have updated their Nationally Determined Contributions (NDCs), but several are well-positioned to increase the ambition of their 2030 targets. Twelve countries are likely on track to meet their unconditional NDCs, and four countries are on track to meet their conditional NDCs.
Faster renewable uptake and additional policies result in emission projections substantially lower than our 2023 projections
Compared to our 2023 update, we project lower emissions under current policies. Our scenarios indicate approximately 5% lower emission levels in 2030 compared to our 2023 report. Although methodological revisions affected our projections, we observed marked improvements in the policies of many countries. Aggregated emissions for the 25 countries could be 2% below 2019 levels by 2025 and reach reductions of -10% to +4% compared to 2019 levels by 2030. A projected 10% reduction in emissions in the best-case scenario is positive but remains insufficient, given that limiting global warming to 1.5 °C requires a 43% reduction in emissions in the same period.
Twelve countries are likely on track to meet their unconditional NDCs with existing policies
Six countries (Iran, Vietnam, the Russian Federation, India, Mexico, and Ethiopia) are on track to meet their NDCs without needing to adopt any additional policies. Another five countries (China, Morocco, Türkiye, Saudi Arabia, and South Africa) as well as the EU are likely on track to meet their targets, but they need to fully implement existing policies and possibly take additional actions to ensure they stay on track. Four out of eight countries with a conditional target (Iran, India, Mexico, and Egypt) are also on track to meet those. These countries are well-positioned to increase the ambition of their NDCs in the new submission round in 2025.
This report includes detailed country factsheets for all 25 countries, providing information about climate policy developments, emission projections, NDC descriptions, key mitigation policies, and key GHG indicators.
Authors
Specifications
- Publication title
- Progress of major emitters towards climate targets
- Publication subtitle
- 2024 update
- Publication date
- 16 October 2024
- Publication type
- Report
- Page count
- 88
- Publication language
- English
- Product number
- 5572