Degree of Urgency: Accelerating Actions to Keep 1.5°C on the Table

Year Published

2022

Contributing Organizations

Energy Transitions Commission (ETC)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Causes & Impacts

Topic 2

Mitigation

Topic 3

Sectors & Pathways

Target Audience

All

Relevant Geography

Global

Resource Description

This resource reviews progress since COP26 on the 1.5°C goal and outlines sectoral and financial actions to close the emissions gap. It assesses national targets, sectoral developments, and financing needs through 2030.

Why This Matters

With current efforts falling short, accelerated action and scaled finance—particularly in lower-income countries—are essential to keep 1.5°C within reach.

Key Insights

Identifies a 125 Gt CO₂ gap to a 15°C pathway by 2030 under current commitments
Tracks uneven progress: advances in renewables and EVs, but slow action on coal, methane, and deforestation
Estimates $3 trillion annual investment needed by 2030, including $09 trillion in low- and middle-income countries
Recommends $300–500 billion annually in concessional finance for managed phase-out, deforestation, and carbon removals
Highlights importance of public policy, MDB reform, and private capital mobilization

Secondary File Resources

Secondary Resource Link(s)

Degree of Urgency: Webpage with scorecards to download

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