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

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

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

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