The new edition of the ‘Global Energy and Climate Outlook’ (GECO 2024), published by the European Commission on Friday 31 January, shows that the world is still not on track to meet its climate targets due to existing implementation gaps between the current policies of G20 economies and their commitments.
There are also ambition gaps, as commitments set out in the ‘Nationally Determined Contributions (NDCs) are not enough to achieve the 1.5°C trajectory set by the Paris Agreement.