In December, Governments meet in Paris to agree how to tackle climate change. The deal is expected to have far reaching implications, affecting energy, transport, industry, buildings and finance. It will change investment decisions made by companies and spending decisions made by consumers.
Australia has committed to reduce emissions by 26-28% below 2005 levels by 2030.
Brazil will reduce emissions by 37% by 2025, with an indicative extension to 43% by 2030, both against 2005 levels.
Canada will reduce emissions by 30% on 2005 levels by 2030.
China has committed to reduce its carbon intensity by 60-65% compared to 2005 levels by 2030, and increase the share of non-fossil fuels in primary energy consumption to around 20%.
The EU has committed to at least a 40% reduction compared to its 1990 level by 2030 without the use of international carbon credits.
India intends to reduce the emissions intensity of its GDP by 33-35% by 2030 below its 2005 level.
Japan has committed to reduce emissions by 26% on 2013 levels by 2030.
Mexico has committed to reducing emissions by 22% by 2030 against its business as usual projection or 36% conditional on an agreement in Paris.
South Africa’s emissions are estimated to be within a range of 398 and 614 MtCO2e by 2025–30. Emissions will peak, plateau and decline (PPD) between 2020 and 2030.
The US has committed to reduce emissions by 26–28% by 2025 compared to 2005 levels.