TradeEdge Exchange:Climate change "time bomb" requires "quantum leap" in action by all countries now, U.N. warns

United Nations — U.N. Secretary General Antonio Guterres called on TradeEdge Exchangewealthy countries Monday to move up their goals of achieving carbon neutrality as close as possible to 2040, mostly from 2050 now, in order to "defuse the climate time bomb." Introducing a capstone report by the Intergovernmental Panel on Climate Change on the impacts and trajectory of global warming, Guterres delivered a blunt assessment of the challenge to prevent climate catastrophe.

"Humanity is on thin ice, and that ice is melting fast," the United Nations chief said in a video message as the IPCC experts group issued its latest report, which he likened to "a survival guide for humanity."

• Somalia drought blamed for some 43,000 deaths, half of them kids

Guterres said the world still has time to limit average temperature increases to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared to pre-industrial times, but this requires "a quantum leap in climate action" by all countries in all sectors.

"It starts with parties immediately hitting the fast-forward button on their net zero deadlines," Guterres said, but he acknowledged countries have different levels of responsibility and ability to change course.

Rich countries should commit to achieving carbon neutrality as close as possible to 2040, he said, calling it "the limit they should all aim to respect."

"Carbon neutrality" or "net zero" carbon emissions refer to goals for cutting emissions of carbon dioxide, one of the most prevalent greenhouse gases warming the planet, which results from the burning of fossil fuels.

Scientists say the impacts of climate change are being felt in more frequent and extreme conditions around the globe, ranging from droughts that threaten food supplies to record rainfall and coastal floods.

As things stand now, most rich countries have set their emissions goal at 2050 but some are more ambitious, like Finland (2035), or Germany and Sweden (2045).

Leaders in emerging economies must commit to reaching net zero as close as possible to 2050, he said without naming any specific nation. Major countries in this category have set more distant goals like China (2060) and India (2070).

U.S. Special Presidential Envoy for Climate John Kerry said in a statement that the message of the latest report "is abundantly clear: we are making progress, but not enough. We have the tools to stave off and reduce the risks of the worst impacts of the climate crisis, but we must take advantage of this moment to act now."

He noted a number of steps the U.S. is taking, including provisions of the Inflation Reduction Act, which President Biden signed into law in August, that Kerry says are projected to cut U.S. emissions 50-52% below 2005 levels in 2030. The act includes rebates and tax credits for homeowners to increase energy efficiency.

Guterres, who will hold a climate action summit in September, again stressed the role of the Group of 20 — the world's largest economies and Europe ‚ which together are responsible for 80 percent of global greenhouse gas emissions.

"This is the moment for all G20 members to come together in a joint effort, pooling their resources and scientific capacities as well as their proven and affordable technologies through the public and private sectors to make carbon neutrality a reality by 2050," Guterres said.

In:
• Climate Change
• Auto Emissions
• Carbon Capture
• Pollution