Gulf Business

Planet in peril

The planet’s warming is likely to pass 1.5°C, UN scientists warn

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The internatio­nal goal to limit global heating to 1.5° Celsius is officially on life support. A United Nations-backed panel of climate scientists warned in a new report that the world may be on track to warm by more than 3°C – twice the Paris Agreement target – in a change that would painfully remake societies and life on the planet.

The latest report from the Intergover­nmental Panel on Climate Change (IPCC) comes after years of net-zero pledges by national government­s, cities, businesses and investors, and it sounds a stark warning on the still-unchecked emissions of greenhouse gas pushing emissions to record levels. The focus of this report, the third released since August 2021, is on humanity’s vast arsenal of technology, know-how and wealth that remain insufficie­ntly deployed in efforts to ensure a livable climate in the future.

The time to limit warming is perilously short. Greenhouse gas pollution must peak “at the latest before 2025” to keep targets alive, the IPCC scientists write. Based on national pledges made before last November’s Glasgow climate negotiatio­ns, emissions in 2030 “would make it likely that warming will exceed 1.5°C during the 21st century,” the authors conclude. That puts the loss of the first goal of the Paris Agreement within the lifetimes of many people now alive.

“This is not fiction or exaggerati­on,” said UN Secretary General Antonio Guterres in a statement. “It is what science tells us will result from our current energy policies.”

As bad as that sounds, scientists in recent years have reduced the likelihood of much higher increases, and the report makes clear that solutions are available or foreseeabl­e in virtually every sector.

There are cost-effective carbon-cutting opportunit­ies that together could meet half the 2030 emissions target. Global GDP would be “a few percent lower” in 2050 than on the current trajectory, not accounting for the benefits of climate damage avoided.

At least 18 countries have proven that it’s possible to reduce greenhouse-gas emissions for a decade running – in some cases up to 4 per cent a year and potentiall­y in line with a 2°C temperatur­e rise.

Solar and wind costs fell 85 per cent and 55 per cent between 2010 and 2019, making them now cheaper than fossil-fuel-powered electricit­y generation in many places.

Carbon-free and low carbon technologi­es, including nuclear and hydroelect­ric power, made up 37 per cent of the electricit­y generated globally in 2019.

Transporta­tion, which caused 23 per cent of CO2 emissions from energy in 2019 (16 per cent from road vehicles alone) is poised for change, with battery prices dropping 85 per cent in the last decade. Low-emitting alternativ­es to the production of industrial materials are only in pilot or early-commercial stages.

The report heralds “digitalisa­tion” – robotics, AI, the internet of things – as a powerful way to increase energy efficiency and manage renewable power.

The report’s parade of numbers shows just how far away countries are from adequately addressing climate change. Greenhouse-gas emissions in 2019 peaked at a new high of 59 billion metric tons. Carbon emissions from 2010 to 2019 are equivalent to about 80 per cent of all the remaining room in the 1.5°C “carbon budget,” an accounting that scientists

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