Or a breakdown could lead to separation. This could happen if all of the above trends accelerate, if „ongoing impassable conflicts“ have passed under the tooth by Paris, if any further cooperation accelerates, and if countries begin to withdraw. „As parasitism becomes evident in the face of increasingly severe climate impacts,“ Sachs warns, „committed states may conclude that they are being deceived.“ They could start looking for ways out of Paris and opt for smaller deals with groups of countries ready to act. To move towards a more sustainable path, the world`s leading public and private financial institutions must not only invest more in new clean alternatives, but also stop investing in old polluting technologies. In the wake of the COVID-19 crisis, governments are providing unprecedented investments to stimulate the economy and create jobs. There is strong evidence that these investments should target low-carbon and climate-resilient projects. However, China and India, along with the United States, are now among the world`s largest annual emitters. Developed countries have argued that these countries must now do more to combat climate change. There are some historical examples, such as human rights, where there is a broad international agreement, clear red lines that cannot be crossed, and real economic threats of sanctions or boycotts. (Even then, problems of collective action are looming.) But climate change is not well suited to such things. There are no clear red lines, no agreed measures, who should do what and how many emissions are too many. And it is difficult to sanction countries that produce products that countries sanction consume. The extent to which each country is on track to meet its commitments under the Paris Agreement can be continuously tracked online (via the Climate Action Tracker and the Climate Clock).
The beauty of this report is that it`s very easy to see which countries are leading the way and which are lagging behind, Watson says. „We are already experiencing major effects of climate change. Waiting for action only engages us in higher temperatures and deteriorating effects,“ he says. .