The body, which makes forecasts about the climate transition, said that climate objectives for the likes of the EU and US have taken “centre stage along with domestic economic and industrial needs”.
It recorded “significant developments” over the last quarter across clean power, industry, transport and buildings. Policies tackling methane from oil & gas operations and agricultural sources are also beginning to emerge.
In particular, it noted that negotiations on the EU’s Emissions Trading System and Carbon Border Adjustment Mechanism as well as bans to petrol cars have concluded. This is in addition to agreements fast-tracking renewables projects.
The US floated a carbon border adjustment tariff on steel and aluminium via cooperative climate clubs alongside approving a program scaling voluntary carbon markets amongst rural farmers and proposals to target federal emissions.
Meanwhile, Brazil has recommitted to forestry protection following the election...