This report, from the OECD's International Programme for Action on Climate, evaluates the progress and gaps in countries' commitments to greenhouse gas (GHG) emissions reduction targets in alignment with the Paris Agreement, highlighting an ambition gap that may hinder reaching the 1.5°C and 2°C goals. The report offers data-driven insights on climate-related hazards, resilience, and sectoral emissions, underscoring the urgent need for enhanced policy implementation. Key findings include the impact of recent climate hazards, adaptation progress, policy density and stringency differences between OECD and partner countries, and the increasing importance of climate resilience. The Climate Action Monitor aims to support policymakers with reliable data and policy recommendations to enable effective and inclusive climate action.
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Table of Contents
- Preface 5
- Foreword 6
- Readers’ guide 10
- References 11
- Executive summary 12
- Climate hazards and disasters are increasing and devastating communities worldwide 12
- GHG emission reduction commitments are not consistent with the Paris Agreement temperature goals. More ambition and efforts are needed to achieve net zero by 2050 13
- Progress in national climate policy efforts remains insufficient. Policy implementation needs to be scaled-up. 13
- Looking ahead 14
- 1 How far are countries from achieving national and global mitigation objectives? 15
- Global GHG emissions increased in 2022 and 2023 15
- GHG emission reduction commitments are not consistent with the Paris Agreement temperature goals 16
- NDC targets are not ambitious enough 16
- Net zero targets are not ambitious enough and most targets are not legally binding 17
- New momentum for net-zero pledges in international aviation and shipping 20
- GHG emissions are embedded in trade 20
- Countries continue to decouple emissions from economic and population growth 22
- The principal driver of GHG emissions is fossil fuel consumption 23
- Emissions sources 23
- Key drivers in emission source sectors 25
- GHG emissions, economic growth and material use 29
- References 31
- Notes 32
- 2 How are climate-related hazards and disasters affecting the world? 34
- Rising extreme temperatures are affecting billions of people worldwide 36
- Worsening droughts threaten food supplies 40
- Record wildfires were experienced in 2023 42
- Extreme rainfall events continue to cause havoc, resulting in devastating floods and landslides 43
- The hurricane season of 2024 will likely break records due to climate change and La Niña 47
- Economic losses and deaths due to climate disasters 48
- Strong climate mitigation efforts are needed to avoid triggering climate tipping points that risk fundamentally changing regional and global climate 51
- References 52
- Notes 56
- 3 How far did countries’ climate action progress? 57
- The expansion of climate mitigation policy action has slowed 58
- The expansion of climate mitigation policy action was mostly driven by increases in policy stringency 59
- The gap in climate policy action between OECD and OECD partner countries continued to widen 60
- Climate policy action of some sector-specific policies has picked up 61
- Market-based instruments continued to decrease, non-market-based instruments increased and actions based on targets remained strong 64
- Market-based instruments use continued to decrease 64
- Non-market-based instruments are growing driven by performance standards 65
- Countries advanced on policies related to setting targets, governance, climate data provision and international co-operation 66
- Countries use different policy mix to meet their emissions reduction targets 66
- OECD countries have more policies than partner countries do, but their stringency levels are comparable 67
- OECD partner countries place a greater emphasis on non-market-based instruments 69
- Climate action is misaligned with countries’ emissions profile in transport and electricity sectors 70
- Climate adaptation is increasingly becoming a priority for countries 72
- Climate action and enhanced ambition 73
- References 74
- Notes 76
- Annex A. Data gaps, methodology and limitations 78
- Chapter 1 78
- GHG emissions estimates 78
- GHG emissions targets 79
- Chapter 2 81
- Chapter 3 82
- References 90
- Notes 91
- Glossary 93