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Looking ahead to COP27—from climate pledges to action: The Global Methane Pledge—opportunities and risks

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  • Etienne Romsom
  • Kathryn McPhail

Abstract

The global energy transition is happening, but too slowly to limit climate change to acceptable levels, for diverse reasons. Carbon emissions policies and measures focus too little on absolute emission targets and too much on relative measures such as carbon intensity. Focus is needed on early emission reduction actions, while current efforts aim to for carbon neutrality at a distant date. High-profile listed companies disposing of high-carbon-emitting assets to unlisted organizations ('hand-me-down assets') is reducing transparency on emissions and emissions-reducing investments.

Suggested Citation

  • Etienne Romsom & Kathryn McPhail, 2022. "Looking ahead to COP27—from climate pledges to action: The Global Methane Pledge—opportunities and risks," WIDER Working Paper Series wp-2022-131, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp-2022-131
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-131-looking-ahead-COP27-from-climate-pledges-to-action.pdf
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    Keywords

    Natural gas; Emissions; Health; Air pollution; Technology; Transparency; Emissions targets;
    All these keywords.

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