Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Most countries miss UN deadline for new climate targets
    Headlines

    Most countries miss UN deadline for new climate targets

    Most countries miss UN deadline for new climate targets

    Published by Global Banking and Finance Review

    Posted on February 10, 2025

    Featured image for article about Headlines

    By Kate Abnett

    BRUSSELS (Reuters) - Many of the world's biggest polluter nations have missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure following U.S. President Donald Trump's election.

    The nearly 200 countries signed up to the Paris Agreement faced a Monday deadline to submit new national climate plans to the U.N., setting out how they plan to cut emissions by 2035.

    As of Monday morning, many of the world's biggest polluters - including China, India and the European Union - had not done so.

    "The public is entitled to expect a strong reaction from their governments to the fact that global warming has now reached 1.5 degrees Celsius for an entire year, but we have seen virtually nothing of real substance," said Bill Hare, CEO of science and policy institute Climate Analytics.

    The 2015 Paris climate accord commits nations to try to avoid global warming exceeding 1.5 C (2.7 degrees Fahrenheit) above pre-industrial levels. Action to date has fallen far short of the deep emissions cuts that would achieve this. Last year was the first to breach 1.5 C of warming.

    Large economies that have announced new climate plans include the U.S., Britain, Brazil, Japan, and Canada - although Trump is expected to scrap the U.S.'s Biden-era contribution.

    Trump last month ordered the U.S. to withdraw from the Paris Agreement and paused some federal clean energy spending.

    U.N. climate chief Simon Stiell said last week most countries have indicated they will still produce their plans this year.

    "Countries are taking this extremely seriously, which isn't surprising given these plans will be key to how much of the 2 trillion boom governments can secure," Stiell said, citing the $2 trillion invested globally in clean energy and infrastructure last year.

    "So taking a bit more time to ensure these plans are first-rate makes sense," he added.

    But the missed deadline adds to concerns that climate action has fallen down government agendas, with some officials signalling that the U.S. U-turn on climate policy is disrupting other nations' efforts.

    EU climate policy chief Wopke Hoekstra told Reuters last month the bloc's policymaking cycle did not line up with the U.N. deadline, but that Brussels would have its plan ready for the COP30 U.N. climate summit in November.

    India has not yet finished the studies needed to design its climate plan, a government official told Reuters.

    China will publish its climate plan "in due course", a foreign ministry spokesperson said on Monday.

    A spokesperson for Indonesia's Environment Ministry said the ministry was awaiting instructions from the President's office on submitting its climate target.

    The governments of Iran, Russia and South Africa did not respond to requests for comment.

    (Reporting by Kate Abnett; additional reporting by Sarita Chaganti Singh in New Delhi, Ananda Teresia in Jakarta, Colleen Howe in Beijing, Casey Hall in Shanghai, David Stanway in Singapore, Parisa Hafezi in Dubai, Alasdair Pal in Sydney, Tim Cocks in Johannesburg, Vladimir Soldatkin in Moscow; Editing by Angus MacSwan)

    Related Posts
    UN, aid groups warn Gaza operations at risk from Israel impediments
    UN, aid groups warn Gaza operations at risk from Israel impediments
    IMF says Moldova's economy has unique growth opportunity, but reforms needed
    IMF says Moldova's economy has unique growth opportunity, but reforms needed
    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada
    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada
    AbbVie, several other pharma companies near MFN deal with Trump, sources say
    AbbVie, several other pharma companies near MFN deal with Trump, sources say
    US, Russia to hold talks in Miami this weekend, Politico reports
    US, Russia to hold talks in Miami this weekend, Politico reports
    EU reaches initial agreement on tighter EU-Mercosur safeguards
    EU reaches initial agreement on tighter EU-Mercosur safeguards
    Britain to overhaul benchmark rules to cut industry burden
    Britain to overhaul benchmark rules to cut industry burden
    Novartis, Roche near US drug price deal, Bloomberg News reports
    Novartis, Roche near US drug price deal, Bloomberg News reports
    Italy's top court upholds acquittal of Salvini in migrant kidnapping case
    Italy's top court upholds acquittal of Salvini in migrant kidnapping case
    Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war
    Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war
    Sweeping US defense bill passes, with Ukraine, Venezuela provisions defying Trump
    Sweeping US defense bill passes, with Ukraine, Venezuela provisions defying Trump
    Sarajevo takes steps on air quality after most-polluted city ranking
    Sarajevo takes steps on air quality after most-polluted city ranking

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Slovakia's top court pauses government overhaul of whistleblower agency

    Slovakia's top court pauses government overhaul of whistleblower agency

    Brazil threatens to abandon Mercosur-EU deal as Italy, France seek delay

    Brazil threatens to abandon Mercosur-EU deal as Italy, France seek delay

    EU rules out UK exemption from carbon border levy until markets link

    EU rules out UK exemption from carbon border levy until markets link

    Poland prioritises domestic arms purchases under EU SAFE programme

    Poland prioritises domestic arms purchases under EU SAFE programme

    G7 condemns prosecution of Jimmy Lai, calls for his release

    G7 condemns prosecution of Jimmy Lai, calls for his release

    UK's Inocea Group eyes acquisition of Germany warship builder GNYK, source says

    UK's Inocea Group eyes acquisition of Germany warship builder GNYK, source says

    US allows oil sales from Russia's Sakhalin-2 project through June 18

    US allows oil sales from Russia's Sakhalin-2 project through June 18

    UK exempts Egypt's Zohr gas field from Russia sanctions

    UK exempts Egypt's Zohr gas field from Russia sanctions

    ECB proposes extending Elderson's mandate at bank supervision arm

    ECB proposes extending Elderson's mandate at bank supervision arm

    Exclusive-Poland to start producing anti-personnel mines to lay along eastern border

    Exclusive-Poland to start producing anti-personnel mines to lay along eastern border

    German budget committee clears 50 billion euros in defence contracts

    German budget committee clears 50 billion euros in defence contracts

    Germany opens joint drone defence centre in Berlin

    Germany opens joint drone defence centre in Berlin

    View All Headlines Posts
    Previous Headlines PostBerlin working to avoid tariff increases, economy ministry says
    Next Headlines PostKremlin adopts cryptic stance on contacts between Putin and Trump