Findings in the Race to Net Zero: Accelerating Climate Action in Asia and the Pacific report reveal that countries in the region lack the sizeable financial means to support adaptation and mitigation efforts and the data necessary to inform climate action.
The report further underscores that while the region suffers the worst consequences of climate change, it is also a key perpetrator; accounting for over half of the world’s greenhouse gas emissions. This share is increasing as populations grow and economies continue to be powered by fossil fuels.
In fact, a 16 per cent increase in greenhouse gas emissions from 2010 levels is forecast, a world away from the 45 per cent reductions needed to keep warming within 1.5°C. Without decisive action, global warming will remain a central driver of poverty and inequality in the region – with disastrous consequences across the continent and existential ones in Pacific small island developing States.
Source: Energy Industry News (energyindustrynews.net)
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