THE GLOBAL STOCKTAKE REPORT

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PLUTUS IAS
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The Global Stocktake Report 

• GS3  Environment and Ecology

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Global Stocktake Report 

• The Global Stocktake is a regular review of how
  countries are doing to fight climate change.
• It is a Periodic assessment of countries' efforts
  to achieve the goals of the Paris Agreement
• Aims to limit global temperature rise to below 2
  degrees Celsius and preferably below 1.5 degrees
  Celsius by the end of the century
• Reviews and evaluates the progress made by
  individual countries in reducing greenhouse gas
  emissions and transitioning to renewable energy
  sources

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Purpose

• To periodically assess and take stock of the
  efforts made by countries to combat climate
  change
• To track progress towards the Paris Agreement's
  objectives

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Influence on Climate Discussions and NDCs

• Findings of the report hold significant
  importance in international climate discussions
• Shapes discussions and decisions during events
  like the UN Climate Conference of Parties (COP)
• Influences countries to consider increasing their
  ambitions in reducing greenhouse gas emissions
  and adopting more sustainable energy systems
• Connection to Nationally Determined Contributions
  (NDCs)
• Encourages countries to reassess and potentially
  enhance their NDCs before the next set of NDCs
  are published in 2025

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About the Report

• The report found that the world is not making
  sufficient progress to achieve the targets
  outlined in the Paris Agreement.
• However, it underscored a rapidly closing
  opportunity for nations to take coordinated
  action.
• The report is based on the Nationally Determined
  Contributions (NDCs) of 166 countries, which were
  analyzed and found to fall short of meeting the
  objectives set by the Paris Agreement.

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Key Findings
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Impact of the Global Stocktake Report

• The report had a notable resonance in the G20
  Leaders Declaration.
• The G20 Leaders Declaration acknowledges the
  substantial financial requirements for
  transitioning to a renewable energy economy.
• The Declaration recognises the need for USD
  5.8-5.9 trillion in the pre-2030 period for
  developing countries.
• It also emphasises the requirement of USD 4
  trillion per year for clean energy technologies
  by 2030 to achieve net-zero emissions by 2050.

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