CURRENT AFFAIRS

Detailed explanation-1: -Set against a difficult geopolitical backdrop, COP27 resulted in countries delivering a package of decisions that reaffirmed their commitment to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels.

Detailed explanation-2: -The G20 has reaffirmed pledges to limit global warming to 1.5 degrees Celsius and meet loss and damage payments, sending a positive signal for negotiations at COP27. The 1.5 degree target - decided at the 2015 UN Climate Conference in Paris - was solidified at COP26in Glasgow last year.

Detailed explanation-3: -G20 and EU must raise their 2030 climate targets While they expect the EU’s ‘Fit for 55 in 2030’ package to achieve the EU’s 2030-target, MEPs call on the EU and all G20 nations to show leadership and to commit to more ambitious greenhouse gas reduction targets ahead of COP27.

Detailed explanation-4: -This is the equivalent of just 0.5 gigatonnes of CO2, UNEP calculated, adding that only a 45 per cent emissions reduction will limit global warming to 1.5C. As it stands today, latest data indicates that the world is on track for a temperature rise of between 2.4C and 2.6C by the end of this century.

Detailed explanation-5: -According to NOAA’s 2021 Annual Climate Report the combined land and ocean temperature has increased at an average rate of 0.14 degrees Fahrenheit ( 0.08 degrees Celsius) per decade since 1880; however, the average rate of increase since 1981 has been more than twice as fast: 0.32 °F (0.18 °C) per decade.