general knowledge refresher This article was published in October EMISSIONS GAP REPORT 2022The recently released Emissions Gap Report 2022 The Closing Window – Climate crisis calls for rapid transformation of societies with a need to realign financial system to enable the achievement of the Paris Agreement. o Emissions Gap report is an annual report released by the United Nations Environment Programme (UNEP). o It assesses the emission gap i.e. the gap between the pledges taken by different countries to reduce greenhouse gas emissions and the estimated reduction required to maintain the average global temperature rise to below 2°C preferably 1.5°C by the end of this century. Key Findings of the reportHigh emission gap To get on track for limiting global warming to below 2.0°C and 1.5°C global greenhouse gas (GHG) emissions must be reduced by 30% and 45% respectively compared with current policy projections.Nationally determined contribution (NDCs) are highly insufficient Policies currently in place with no additional action are projected to result in global warming of 2.8°C over the twentyfirst century.World average per capita GHG emissions were 6.3 tons of CO2 equivalent (tCO2e) in 2020. 72 o India is the third largest GHG emitter but its per capita emissions remains far below the world average at 2.4 tCO2e.Implementation gap Countries are off track to achieve even the globally highly insufficient NDCs.Inequality The bottom 50% of households contribute 12% of the global total GHG emissions whereas the top 1% emit contribute 17% of the total general knowledge refresher magazine subscription.
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