The world should halt fossil fuel extraction by 2030, while funding to save poor countries from the climate crisis should reach $200 billion to $400 billion a year, according to recommendations in a United Nations report released ahead of the next climate summit.
The report concluded that countries are still "off track" in achieving the goals of the 2015 Paris climate agreement and that more action is needed to limit global warming to 1.5 degrees Celsius above pre-industrial levels.
The comprehensive global assessment report released by the United Nations on Wednesday will lay the foundation for discussions at the COP28 conference in Dubai at the end of November. The global assessment is a process set out in the Paris Agreement to examine countries' progress towards their emissions reduction targets every five years.
UN climate chief Simon Stiell said the report lays out a series of actions for governments to consider. "[These] clear targets set the stage for what countries need to do," he said. "Greenhouse gas emissions are still rising, but there is widespread agreement that if temperatures are to be reduced by Temperatures are limited to 1.5 degrees Celsius and must peak by 2025 at the latest. [The report] sets out elements that could be incorporated into the response. While most countries agree that a change of direction is necessary, there are "significant differences" on how to achieve the changes required.