Only One-Third Nations Submit 2035 Climate Targets as Major Emitters Delay

The global effort to combat climate change is facing significant challenges as many nations, including major greenhouse gas emitters like China, the EU, and India, have yet to submit their updated 2035 climate targets, accounting for only 30% of global emissions. Despite this, the United Nations Framework Convention on Climate Change (UNFCCC) reports that current climate pledges could reduce global emissions by 10% by 2035 compared to 2019, marking the first projected decline in emissions since 1990. However, this reduction is far below the 60% cut needed to limit global warming to 1.5 degrees Celsius, underscoring the urgency for accelerated action. Political pressures in the U.S. have led to the relaxation of targets by the Net Zero Asset Managers Initiative, reflecting broader resistance that threatens the momentum of climate coalitions. The UN highlights the importance of multilateral cooperation to balance climate objectives with open trade, emphasizing the need for pre-emptive cooperation and good practices to prevent trade measures from obstructing climate progress. Overall, while some progress is evident, the pace remains insufficient, and the upcoming COP30 summit is seen as a crucial moment to renew global commitments and accelerate efforts.