New Delhi: The impressive growth in renewable energy capacity, the rising number of electric vehicles (EVs) and other efforts by countries to bend the emissions curve, notwithstanding, the world still is on track for a temperature increase of 2.6° Celcius (C) over pre-industrial levels, that is if all the pledges made by countries in their national climate plans are met, according to a new United Nations (UN) report.

However, if countries persist with current policies, the world will have to contend with a temperature increase of 3.1°C. "We are teetering on a planetary tight rope.

Either leaders bridge the emissions gap, or we plunge headlong into climate disaster-with the poorest and most vulnerable suffering the most," said UN Secretary General Antonio Guterres in an address during the launch of the Emissions Gap Report 2024.

Global emissions have been increasing-from 37.8 billion tonnes in 1990 to 57.1 billion tonnes of carbon dioxide equivalent in 2023.

The report finds out that emissions rose by 1.3% in 2023 over 2022, this is far above the average annual rate of 0.8% in the decade preceding the Covid-19 pandemic (2010-2019). The 15th edition of the report comes as countries are preparing their national climate targets, referred to as nationally determined contributions (NDCs) in the Paris Agreement for 2035.

Countries are expected to submit their 2035 NDCs in early 2025.

The report finds that restricting temperature increase to 1.5°C is still possible though given the lost time, the effort will have to be far greater.

Countries will need to collectively reduce 42% of annual greenhouse gas emissions by 2030 and 57%by 2035 to achieve the 1.5°C goal.

"Climate crunch time is here.

We need global mobilisation on a scale and pace never seen before-starting right now, before the next round of climate pledges-or the 1.5°C goal will be dead and well below 2°C will take its place in the intensive care unit," said Inger Andersen, Executive Director of the UN Environment Programme.

Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Intermediate C++ Skills: Master Pointers, Structures and File Stream By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Advanced Java Mastery: Object-Oriented Programming Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program HR Human Potential and the Future of Employment By - Lynda Gratton, Prof.

at London Business School, Speaker, Author, Global Thought Leader View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program The report provides the broad strokes of ways in which the world could still secure the required emissions reduction by implementing the agreement reached in Dubai last year to triple renewable energy and double energy efficiency by 2030.

The report says increased deployment of solar photovoltaic technologies and wind energy could deliver 27% of the total reduction potential in 2030 and 38% in 2035.

Action on forests could deliver about 20%of the potential in both years.

Transitioning away from fossil fuels is key to this effort.

Approximately 68% of current emissions are on account of fossil fuels, driven by the combustion of coal, oil and gas in the energy sector, as well as industrial processes associated with the manufacture of metals, cement and other materials.

The report calls for a minimum six-fold increase in mitigation investment is needed for net-zero-backed by reform of the global financial architecture, strong private sector action and international cooperation.