Author: Climate Chance - The Observatory

Category: City Finance Case Studies

Published/Created by: Climate Chance - The Observatory

Link: https://www.climate-chance.org/en/comprehend/case-studies/

https://www.climate-chance.org/en/comprehend/global-synthesis-report-climate-action-sector/ 

The recovery from the shock of the Covid-19 pandemic is revealing two general trends, seemingly contradictory. On the one hand, there is an acceleration of climate action: the installation of renewable energies, the adoption of electric mobility, commitments to carbon neutrality, and the desire to develop breakthrough technologies for the transition have all gained significant momentum this year. However, on the other hand, it is clear that despite these encouraging trends, emissions are on the rise again, and the many commitments made by governments and companies still do not put the world on a trajectory compatible with the Paris Agreement. The 2021 Sector-based Report, the only document that each year summarises all major climate action, attempts to explain the co-existence of these two divergent trends, and to account for the complexity of this pivotal period.