Degree of Urgency: Accelerating Actions to Keep 1.5°C on the Table

This report assesses progress since COP26 and outlines the priority areas for accelerated action at, and beyond, COP27. It highlights three priority areas for accelerated progress: - Closing the ‘ambition gap’ via more ambitious country targets, with strengthened NDCs (Nationally Determined Contributions) which reflect country-specific actions. - Closing the ‘implementation gap’ via targeted policies and company actions to drive further real-world progress across six critical sectors (methane, deforestation, power, road transport, heavy industry, and energy efficiency). - Closing the ‘financing gap’ in particular to support middle and low-income countries to peak and then reduce emissions as soon as possible; in total at least $300 billion per annum could be required to support early coal phase-out, and end deforestation, and carbon dioxide removals in a scenario where sufficient action from policy and industry isn’t taken.