A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed.
Those to upgrade since COP26 include Indonesia and South Korea as well as Australia, which pledged a 43% emissions cut by 2030 from 2005 levels.
Amazon deforestation last year hit its highest level since 2006, and preliminary government data suggests it rose a further 23% in the first nine months of 2022. COP27 is expected to see a handful of new countries make the pledge. Signatories are also under pressure to translate the non-binding commitment into concrete policy, which some including France have done.
At the heart of the issue is a 2009 pledge from developed countries to transfer $100 billion per year by 2020 to vulnerable states. The amount has become symbolic, even as it falls far short of the actual sums needed for poor nations to cope with severe climate impacts.
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