GreenLate stands for „Germany – resource efficient and GHG neutral – late transition”. This scenario if characterized by delayed action and innovation towards greenhouse gas (GHG) neutrality.
The Paris Agreement set the international goal of limiting global warming to 1.5°C. To achieve this, it is essential to rapidly reduce greenhouse gas emissions towards zero. Additional measures are needed to remove CO2 from the atmosphere, such as reforestation. However, UBA advises against betting on untried, risky technologies.
According to the IPCC, global warming must be limited to 1.5 degrees Celsius in order to mitigate the risks. An UBA position paper outlines how the EU climate policy could be aligned with this goal. Already by 2020, the parties to the Paris Agreement are to submit their updated national climate contribution to limit global warming. Up to now, far less has been promised than would be necessary.
Since the Paris Agreement invites parties to provide their low carbon development strategies by 2020, the European Union is currently preparing its respective mid-century long-term climate strategy. Within a public consultation the German Environment Agency (UBA) provided recently its submission on key priorities relevant for the new EU strategy.
The sum of greenhouse gas emission reductions from Parties to the UNFCCC is not enough to limit the level of global temperature rise to below either the 1.5°C or 2°C target. All Parties are therefore compelled to strengthen their reduction targets. The German Environment Agency (UBA) has commissioned an analysis of the institutional set up and challenges in ten selected countries.
If Germany wants to live up to the requirements of the Paris Climate Agreement, its transport sector must quickly and drastically cut its greenhouse gas emissions. A recently published paper commissioned by the German Environment Agency confirms this conclusion and proposes concrete measures by which emissions can be reduced significantly and ensure that the climate action goals are achieved.
Capital investments which target the energy, transport and building sectors can help to limit the rise in Earth’s temperatures to less than 2 degrees. A new UBA study proposes the criteria by which public financial institutions like development banks should proceed and identifies which projects should no longer be funded.
