New research shows that global warming may reach 2.4 degrees Celsius above pre-industrial levels, possibly even higher.
The Climate Action Tracker (CAT) reported on Tuesday that global greenhouse gas emissions in 2030 would still surpass the limit warming of 1.5 degrees.
85% of global emissions have been reduced because of the net-zero goals of 40 countries.
Despite this, only 6% of emissions backed up by concrete plans were actually implemented.
“It’s all very well for leaders to claim they have a net zero target, but if they have no plans as to how to get there, and their 2030 targets are as low as so many of them are, then frankly, these net zero targets are just lip service to real climate action,” said Bill Hare, CEO of Climate Analytics, in a statement.
“Glasgow has a serious credibility gap.”
At COP26, delegates from across the globe meet in an effort to curb the climate crisis.
The first week of negotiations was marked by several breakthroughs, but experts later warned that the agreements may not be urgent enough.
“There’s a lot of big statements, which don’t have the details underneath: exactly when, how much, who’s going to do what,” Helen Mountford, Vice president at World Resources Institute said.
Last week, 130 countries representing more than 85% of the world’s forest land committed to halting and reversing deforestation and land degradation by 2030.
This can be called the first major achievement of the COP26 summit.
Among the deal’s provisions were some of the biggest carbon reserves in tropical forests.
Another breakthrough has been the signing up of over 25 countries to end the financing of foreign fossil fuel projects.
Many critics have thus far asserted that all these do not go far enough and should also finance fossil fuel projects in the U.S., and most especially abroad.
Global Energy Monitor’s program director for coal, Christine Shearer, called the deal “a game-changer,” but added that these fossil fuel projects should be ended within the borders of these countries as well.
According to CAT, global temperatures will rise by 2.7 degrees under current policies.
According to CAT, the most optimistic scenario that could happen would be 1.8 degrees of warming — if all net-zero pledges are implemented.
However, an immediate and bold response is still needed by 2030.
Even so, the analysis finds that 2030 climate targets for many countries are currently inadequate.