BSS
  10 Dec 2023, 17:42

COP28 pledges meet only 30% of needed energy emission cuts: IEA

DUBAI, Dec 10, 2023 (BSS/AFP) - Pledges made so far at the COP28 climate 
summit will only reduce energy-related greenhouse gas emissions by 30 percent 
of what is needed by 2030, the International Energy Agency said Sunday.

"While the pledges are positive steps forward in tackling the energy sector's 
greenhouse gas emissions, they would not be nearly enough to move the world 
onto a path to reaching international climate targets, in particular the goal 
of limiting global warming to 1.5 degrees Celsius," it said in a report.

The agency released an assessment of non-binding promises made in Dubai by 
governments and the oil and gas industry -- tripling renewable energy and 
doubling energy efficiency by 2030, as well as sharp cuts in methane 
emissions.

According to the UN climate body, 130 countries have signed on to the pledge 
on renewables and energy efficiency.

Not signing are China, the world's largest greenhouse gas emitter, as well as 
fellow developing giant India and major energy exporters Saudi Arabia and 
Russia.

China, however, committed less formally to the goal of tripling renewables in 
a joint statement with the United States -- which did sign the pledge -- 
after talks in California to prepare for COP28.

Beijing historically has been hesitant to make commitments in such statements 
that are not officially through the UN framework.

The 2015 Paris agreement set an ambition of keeping global warming to no more 
than 1.5 degrees Celsius above pre-industrial levels to avoid the worst 
ravages of climate change including rising drought, storms and sea level 
rises.

On methane, some 50 oil and gas companies have promised to zero out emissions 
and eliminate routine flaring by 2030.

Methane -- which is highly potent but comparatively short-lived -- is 
responsible for about one-third of the warming from greenhouse gases 
occurring today, second only to carbon dioxide.

In addition to energy production, animal agriculture is a major source of 
methane.