4 June 2015, Climate Action Tracker, Bonn: The combined climate plans for the G7 and EU have made a small step towards the right track to hold warming to 2?C, but there is still a substantial emissions gap, the Climate Action Tracker said today. Ahead of the upcoming G7 meeting in Germany, the Climate Action Tracker – an analysis carried out by four research organisations – has looked at the combined INDCs of all G7 governments and the EU, who are responsible, in aggregate, for around 30% of global greenhouse gas emissions and 40% of global GDP.
- Current policies in the G7+EU are projected to stabilise emissions through to 2030 at close to present levels, and do not yet show a decline in emissions, which is needed to move towards below 2°C and 1.5°C emission pathways.
- The projected combined effect of G7+EU INDCs for 2025, and 2030, if implemented, would bring the group 20-30% of the way to 2°C-consistent emissions in this period.
- The G7+EU 2020 pledges only bring emissions 5% of the way towards emissions levels consistent with 2 and 1.5°C in that year.
- While the remaining gaps still represent important mitigation challenges (roughly 6.5, 7.6 and 7.8 GtCO2e/year in 2020, 2025 and 2030 respectively or 21%, 24% and 25% of 1990 emissions levels excl. forestry), there is a clear, but as yet insufficient, improvement in ambition. Read More here