CURRENT AFFAIRS

Detailed explanation-1: -To limit warming to 1.5° Celsius above pre-industrial levels, as set out in the Paris Agreement, global greenhouse gas emissions will need to peak before 2025. Then they must decline by 43 per cent by 2030 and to net zero by 2050.

Detailed explanation-2: -The Australian government released its Long Term Emissions Reduction Plan to achieve net zero emissions by 2050. The Plan aims at reaching a net zero economy through a technology-based approach, whilst protecting relevant industries, regions and jobs.

Detailed explanation-3: -To achieve net-zero emissions by 2050, we need concrete and immediate climate action. The latest report of the IPCC, working group III on climate mitigation, unveiled that we have until 2025 (from now on three years) to reduce the curb of global GHG emissions before we start experiencing extreme living conditions.

Detailed explanation-4: -It is international scientific consensus that, in order to prevent the worst climate damages, global net human-caused emissions of carbon dioxide (CO2) need to fall by about 45 percent from 2010 levels by 2030, reaching net zero around 2050.

Detailed explanation-5: -The Intergovernmental Panel on Climate Change (IPCC) states that in order to limit the temperature increase to 1.5℃ below pre-industrial levels, emissions would have to peak before 2030 and globally net zero emissions need to be attained by 2050.