Brazil has been a leader in emissions reduction over the last several years through reducing deforestation. Commitment to emission reduction is apparent at both the national and sub-national level taking into account both the environmental, and the social benefits of climate change mitigation.
Published in May 2015 by I4CE together with the International Emissions Trading Association (IETA) and the Environmental Defense Fund (EDF).
In this year’s edition, we assess these indicators retrospectively—over the past ten years for deep energy retrofits, and over the past five for electric mobility—to identify factors that have improved or worsened economic accessibility to transition solutions in recent years.
Climate negotiations are taking place next week in Bonn, with finance once again high on the agenda. COP 29 ended last year with a New Collective Quantified Goal (NCQG) –revised climate finance target to replace the USD 100 billion goal. The NCQG decision put forward a commitment by developed countries to lead in providing USD 300 billion per year by 2035 for developing countries, as well as a proposal to work on a roadmap to scale up climate finance for developing countries to reach a level closer to the estimated needs –the ‘Baku to Belem Roadmap to 1.3T’ (USD 1.3 trillion). The latter must be delivered at the end of the year at COP 30, and strong efforts are being put in the task by the Brazilian Presidency.
