Intergovernmental Panel On Climate Change (IPCC) Publishes Third Part Of The Sixth Assessment Report.

Why in news?

• Report provides an updated global assessment of climate change mitigation progress and pledges, and examines the sources of global em
• Assessment Reports are widely accepted scientific evaluations of the state of the Earth’s climate.

About IPCC

• It is the United Nations body for assessing the science related to climate change.
• Its objective is to provide its governments at all levels with scientific information that they can use to develop climate policies.
• It was created in 1988 by World Meteorological Organization (WMO) and United Nations Environment Programme (UNEP).

Key Findings

• Emission Trends– Amount of greenhouse gases (GHG) emitted by the world needs to peak at most by 2025, followed by a 43% reduction over the next 10 years in order to limit global warming to 1.5°C by the year 2100. GHG emissions were 54% higher in 2019 than they were in 1990, but growth is slowing.
• Carbon inequality remains pervasive as ever with Least Developed Countries (LDCs) emitting only 3.3% of global emissions in 2019.
• Carbon Capture-Without the technology to capture and store carbon (CCS), all coal-fired power plants need to be shuttered by 2050 if the world aspired to limit global temperature rise to 1.5c.
• Paris Agreement -Pledges to the Paris Agreement are insufficient, emissions must fall 43% by 2030 compared to 2019.
• Demand-side mitigation– Right policies, infrastructure, and technology in place to enable changes to our lifestyles and behavior can result in a 40-70% reduction in greenhouse gas emissions by 2050.
• Finance – There is a need for scaled-up public grants, as well as increased levels of public finance and publicly mobilized private finance flows from developed to developing countries in the context of the 5100 billion-a-year goal.