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​Brown to Green Report 2018: The G20 Transition to a Low- Carbon Economy

The Global Stocktake established in Article 14 of the Paris Agreement aims to “assess the collective progress” towards the agreed goals: 1) holding the increase in global average temperature to well below 2°C and pursuing efforts to limit the increase to 1.5°C; 2) increasing the ability to adapt to the adverse impacts of climate change and foster climate resilience; and 3) making all finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.
At the moment, we are far away from taking the action needed to achieve these three goals. Current nationally determined contributions (NDCs) would lead to a global temperature increase of around 3.2°C. The Global Stocktake together with the NDCs are the key elements of the Paris Agreement aimed at ratcheting up the ambition of national climate actions. Countries need to submit their revised NDCs by 2020. Those that have not yet submitted an NDC with a 2025/30 target must provide a new NDC. All other countries are invited to strengthen their NDCs. Informed by the Intergovernmental Panel on Climate Change (IPCC) 1.5°C Special Report and the Talanoa Dialogue in 2018, it is clear that these next NDCs must increase the level of ambition through much stronger 2030 targets. The cycle of assessing collective progress and increasing the ambition of national climate actions will then continue with the first five-yearly Global Stocktake in 2023, to inform the submission of new and strengthened NDCs by 2025.

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