Global warming is a problem that continues to intensify at an alarming rate. If action is not taken soon, the average global temperature will increase by 4°C by 2100. This would cause serve environmental problems such as flooding, crop failures, and extreme weather conditions. To avoid this calamity, 196 nations signed the Paris Agreement in 2015. The Paris Agreement is an international treaty that aims to limit global warming to 1.5-2°C. Under its stipulations, countries are required to submit terms for climate action. These terms, otherwise known as Nationally Determined Contributions (NDCs), are assessed by the climate action tracker to evaluate their successful contribution to the Paris Agreement's goals.
On October 14, 2021, the Emerging Markets Investors Alliance had the honor of hosting Claire Stockwell at their sovereign decarbonization program. Claire Stockwell, an expert on Climate Governance at Climate Analytics, presented a detailed overview of the climate action tracker. Claire explained how the tracker operates, and how it can be used to assess the progression of developed countries' reduction of greenhouse gas emissions. Discussions also covered topics such as key elements of the Paris Agreement, actionable recommendations for investors, country assessments, net-zero targets, and climate governance.
