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Now is the time to focus on implementation of concrete actions to achieve the goal set out in the Paris Agreement to “pursue efforts to limit the temperature increase to 1.5°C.” The adverse impacts of climate change are already upon us, affecting the health and livelihoods of those alive today and further challenging our ability to meet the 2030 Sustainable Development Goals (SDGs). Without fast action with near-term impact temperatures are likely to exceed the 1.5°C target during the 2030s and exceed 2°C by mid-century.
Reducing CO2 emissions immediately is essential to limit long-term warming. Significant reductions in near-term warming can only be achieved by simultaneously reducing emissions from Short-Lived Climate Pollutants (SLCPs), such as black carbon (BC), methane and hydrofluorocarbons (HFCs). The consumption and production of HFCs, in particular, will be significantly phased down following the Kigali Amendment to the Montreal Protocol, approved in October 2016, which will avoid up to 0.5˚C of warming by 2100.
Taking concerted action to change practices and technologies to reduce SLCP emissions in sectors such as waste management, transport and industry can limit global warming by up to 0.5°C by 2050 from reductions in BC and methane, and adittional 0.1°C from phasing down HFCs, while also providing numerous co-benefits for human health and ecosystems. Furthermore, these benefits can be achieved quickly via implementation of existing technologies and practices, putting the world on a path to simultaneously achieving our long-term climate and near-term sustainable development goals. Panelists will discuss developments in this field, and identify financial opportunities to move forward with SLCP action.
Political Support for reducing short-lived climate pollutants
Financing short-lived climate pollutants mitigation
>> Pilot Auction Facility simulation game (performed by Scott Cantor, World Bank)