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carbon offsets and credits: Nations must go further than current Paris pledges or face global warming

The latest Emissions Gap Report from the UN Environment Programme (UNEP) reveals that current pledges under the Paris Agreement are insufficient to prevent global temperatures from rising by 2.5-2.9 degrees Celsius above pre-industrial levels this century. The report emphasizes the urgent need for increased climate action and low-carbon transformations to reduce greenhouse gas emissions. To achieve the Paris Agreement goals, mitigation efforts must be significantly strengthened in the next decade. The report also highlights that net-zero pledges are not currently credible, and the chances of limiting warming to 1.5 degrees are only 14 percent.

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