![]() Greenhouse gas emissions will continue to increase without critical steps to shift economies towards carbon neutrality We must heed this wake-up call and seize the opportunity to rebuild in a way that will reduce emissions and increase resilience to climate change. It has shown the world how much damage can be wreaked by a crisis that pales in comparison to a full-scale climate emergency. The global pandemic has laid bare humanity’s vulnerabilities. As of December 2020, over two thirds of the world’s GDP was being generated in places with actual or intended “net zero by 2050” targets, covering over half of the world’s population and emissions. In June 2020, the Race to Zero campaign was launched to form a coalition of businesses, cities, regions and investors around net-zero carbon emission initiatives, and set out specific near-term tipping points for more than 20 sectors of the global economy. In the face of looming catastrophe, climate action is gaining momentum. ![]() The world remains woefully off track in meeting the Paris Agreement target of limiting global warming to 1.5☌ above pre-industrial levels and reaching net-zero carbon dioxide CO 2 emissions globally by 2050. It was one of the three warmest years on record, with the global average temperature about 1.2☌ above the 1850–1900 baseline. However, concentrations of greenhouse gases continued to increase in 2020, reaching new record highs. ![]() A temporary reduction in human activities resulted in a dip in emissions. Despite a pandemic-related economic slowdown, the climate crisis continues largely unabated. ![]()
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