Skip to content
  • News
  • TOP STORIES
  • Enterprise
  • Reports
  • Technology
  • Opinion
  • Reviews
  • Videos
  • Digital issues
  • Contact

Global SME News

Smarter Markets, Stronger Economies: AI-Driven Deregulation for the Digital Age

  • News
  • TOP STORIES
  • Enterprise
  • Reports
  • Technology
  • Opinion
  • Reviews
  • Videos
  • Digital issues
  • Contact
  • Toggle search form
  • Rungta Tea Marks 24 Years with 92% Distributor Retention, Outlines Ambitious Expansion
    Rungta Tea Marks 24 Years with 92% Distributor Retention, Outlines Ambitious Expansion Business
  • Data Breaches Have Memory: How Old Passwords Continue to Threaten Users
    Data Breaches Have Memory: How Old Passwords Continue to Threaten Users Cyber Security
  • Digital Terrain Database Market Set to Reach USD 3.8 Billion by 2033
    Digital Terrain Database Market Set to Reach USD 3.8 Billion by 2033 Data
  • The rise of eco-living: Why the demand for sustainable homes is accelerating in Indian cities
    The rise of eco-living: Why the demand for sustainable homes is accelerating in Indian cities Uncategorised
  • LogRhythm | Exabeam Expands Saudi Presence with MIS Partnership and New Customer Innovation Center in Riyadh
    LogRhythm | Exabeam Expands Saudi Presence with MIS Partnership and New Customer Innovation Center in Riyadh Cyber Security
  • Bioeconomy, Circular Economy, and Post-Growth Paradigms: Rethinking Economic Expansion
    Bioeconomy, Circular Economy, and Post-Growth Paradigms: Rethinking Economic Expansion Circular Economy
  • AI Unlocks Cancer’s Hidden Biology, Paving the Way for Truly Personalized Therapy
    AI Unlocks Cancer’s Hidden Biology, Paving the Way for Truly Personalized Therapy AI
  • Distributed Digital Natives: How a New Entrepreneurial Class Is Rewriting Innovation Ecosystems
    Distributed Digital Natives: How a New Entrepreneurial Class Is Rewriting Innovation Ecosystems Entreprenurs
Emissions Gap Report 2023: Drastic Emissions Cuts Needed to Avert Catastrophe

Emissions Gap Report 2023: Drastic Emissions Cuts Needed to Avert Catastrophe

Posted on 28 November 20231 December 2023 By P Koshy No Comments on Emissions Gap Report 2023: Drastic Emissions Cuts Needed to Avert Catastrophe

In its latest Emissions Gap Report, the United Nations Environment Programme (UNEP) paints a stark picture of the world’s failure to curb greenhouse gas emissions. The report, titled “Broken Record: Temperatures Hit New Highs, Yet World Fails to Cut Emissions (Again),” finds that predicted emissions in 2030 must be reduced by at least 28-42% compared to current scenarios to keep global warming within the Paris Agreement’s limits of 2°C and 1.5°C, respectively.

The report highlights the urgency of the situation, noting that the world is on track for a global average temperature rise of 2.5-2.9°C above pre-industrial levels unless countries take immediate and drastic action to reduce emissions. This alarming increase in temperature would have severe and far-reaching consequences for the planet, causing more extreme weather events, rising sea levels, and widespread environmental degradation.

Despite the dire warnings, the report also acknowledges some progress since the Paris Agreement was signed in 2015. For instance, projected emissions in 2030 based on existing policies have decreased from 16% to 3%. Additionally, the global implementation gap for 2030 has narrowed to 1.5 GtCO2e for unconditional Nationally Determined Contributions (NDCs) and 5 GtCO2e for conditional NDCs.

However, the report underscores that these improvements are not enough. To limit global warming to 1.5°C, the world must significantly ramp up its emissions reduction efforts in this decade. Delaying action will only increase the need for carbon dioxide removal from the atmosphere, a costly and technologically challenging process.

The report warns that if countries continue on their current trajectory, global warming will reach 3°C this century. Even if all unconditional NDCs are implemented, warming would still reach 2.9°C. Only in the optimistic scenario where all conditional NDCs and net-zero pledges are met could the 2°C goal be achieved.

The report emphasizes that all nations must accelerate their transition to low-carbon economies. It acknowledges that low- and middle-income countries (LMICs) face significant challenges in this transition but highlights opportunities they could seize, such as leapfrogging to cleaner technologies and harnessing their renewable energy potential.

The first Global Stocktake at the upcoming UN Climate Change Conference (UNFCCC COP 28) will provide a critical opportunity to assess progress and build new ambition. Countries should use this framework to inform their next round of NDCs, with targets for 2035, which should be submitted in 2025.

The Emissions Gap Report is a stark reminder of the climate crisis we face and the urgent need for action. The world must heed this warning and take immediate and decisive steps to reduce emissions and avert a catastrophic future.

Author Profile

avatar

P Koshy
Dr. Perumal Koshy writes on economic transitions, small enterprise ecosystems, and development policy, with a focus on inclusive entrepreneurship and systemic change. His work draws from a background in Area Studies and SME research, with writings published in UN Today, Financial Express, Indian Express, and ERENET Journal. He serves as Editor of Global SME News and leads strategic initiatives at The Enterprise Institute and the Enterprise Futures Lab, where he works at the intersection of enterprise, policy, and knowledge systems. Through TDW Publishing, he supports independent voices and enterprise scholarship across the Global South.
Linkedin: https://www.linkedin.com/in/caushie/
Twitter: https://twitter.com/pkoshyin
Latest entries

Author Archives

  • Entrepreneurship, Values, and Corporate Governance: Building Nations, Not Just ProfitsEntreprenurs21 August 2025Entrepreneurship, Values, and Corporate Governance: Building Nations, Not Just Profits
  •  A New Landmark Report Calls for Rethinking SME Policies, Digital Readiness, and Sustainable GrowthAfrica13 August 2025 A New Landmark Report Calls for Rethinking SME Policies, Digital Readiness, and Sustainable Growth
  • Authoritarianism Begins at Work: Why Businesses Must Guard Against the Psychology of ControlBusiness7 August 2025Authoritarianism Begins at Work: Why Businesses Must Guard Against the Psychology of Control
  • What Startups Can Learn from Family Businesses—And Vice VersaFEATURED31 July 2025What Startups Can Learn from Family Businesses—And Vice Versa

Uncategorised

Post navigation

Previous Post: ‘WorldFirst’ Propels Southeast Asian SMEs to Success with Enhanced E-commerce Financial Solutions
Next Post: UN Climate Change Executive Secretary Urges Acceleration of Climate Action in COP28 Opening Address

Related Posts

  • Budget vs. Premium Smartphones: Is It Worth the Splurge?
    Budget vs. Premium Smartphones: Is It Worth the Splurge? FEATURED
  • Why BRICS Nations Are the Real Advanced Economies Today
    Why BRICS Nations Are the Real Advanced Economies Today FEATURED
  • Business mentoring for SMEs
    Business mentoring for SMEs Uncategorised
  • Mobile Operators Drive 85% of Investments in Mobile Internet Connectivity: GSMA Report
    Mobile Operators Drive 85% of Investments in Mobile Internet Connectivity: GSMA Report Uncategorised
  • CK Vishwanath: Majority of the voters are entrepreneurs, self-employed or gig-workers…
    CK Vishwanath: Majority of voters are entrepreneurs, self-employed or gig-workers… Uncategorised
  • Wage protection for migrant workers
    Wage protection for migrant workers Uncategorised

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Global SME News

Global SME News, which started in 2008, is dedicated to micro, small and medium enterprises from around the world. It publishes in-depth analysis, market and sectoral reviews as well as news than can help SMEs stay ahead of the curve and acquire the necessary tools to stay relevant in the market.

  • Mitsui E&P Middle East supports the development of Omani youth through Outward Bound Oman courses – an initiative within its social responsibility framework.
    Mitsui E&P Middle East supports the development of Omani youth through Outward Bound Oman courses – an initiative within its social responsibility framework. Entreprenurs
  • SECUREWORKS ENHANCES VULNERABILITY DETECTION & RESPONSE WITH PROPRIETARY CTU THREAT INTELLIGENCE
    SECUREWORKS ENHANCES VULNERABILITY DETECTION & RESPONSE WITH PROPRIETARY CTU THREAT INTELLIGENCE Cyber Security
  • Car Rental Platform Market Poised for Growth: Key Trends and Industry Insights
    Car Rental Platform Market Poised for Growth: Key Trends and Industry Insights FEATURED
  • Book Review: Unlocking the Power of Small Businesses: How Entrepreneurs and SMEs Can Transform India
    Book Review: Unlocking the Power of Small Businesses: How Entrepreneurs and SMEs Can Transform India Uncategorised
  • India Deepens Economic Footprint in Latin America as Trade Negotiations with Peru and Chile Gain Strong Momentum
    India Deepens Economic Footprint in Latin America as Trade Negotiations with Peru and Chile Gain Strong Momentum News
  • Morocco: TAMWILCOM Unveils Ambitious Roadmap for Green SME Financing
    Morocco: TAMWILCOM Unveils Ambitious Roadmap for Green SME Financing FEATURED
  • Data Analytics for Small Business: Strategies for Competitive Advantage
    Data Analytics for Small Business: Strategies for Competitive Advantage Business
  • Pandemic crisis and economy: Adopting a Gandhian-Buddhist economic approach need of the hour
    Pandemic crisis and economy: Adopting a Gandhian-Buddhist economic approach need of the hour FEATURED
  • Rungta Tea Marks 24 Years with 92% Distributor Retention, Outlines Ambitious Expansion
  • Data Breaches Have Memory: How Old Passwords Continue to Threaten Users
  • Digital Terrain Database Market Set to Reach USD 3.8 Billion by 2033
  • The rise of eco-living: Why the demand for sustainable homes is accelerating in Indian cities
  • LogRhythm | Exabeam Expands Saudi Presence with MIS Partnership and New Customer Innovation Center in Riyadh

Copyright © 2026 Global SME News.

Powered by PressBook News WordPress theme