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Strategies to recover economically from the COVID-19 crisis need to set us on track towards meeting the Paris Agreement climate goals, attendees of the Placencia Ambition Forum heard during the event organised by the Alliance of Small Island Developing States.

Governments are largely not making climate change action central to their COVID-19 recovery packages, despite some signs of good intentions, according to a new analysis released today by the Climate Action Tracker (CAT). The CAT has analysed the post-pandemic recovery packages of a selection of five big emitting countries: the China, the European Union, India, South Korea and the USA, finding that only two of them lean towards using the pandemic recovery to address the global climate crisis.

As the world’s leading economies are directing trillions of dollars towards COVID-19 recovery packages, a significant proportion is going to fossil fuel industries without climate conditions, risking clean energy opportunities in the coming decade. This is one of the key findings of the 2020 Climate Transparency Report, an annual collaboration between 14 think tanks and NGOs, including Climate Analytics, across G20 countries.

Government announcements of new climate targets have brought down projected end of century warming by 0.2°C, with the projected warming from Paris Agreement pledges now at 2.4˚C, according to new analysis released today by the Climate Action Tracker (CAT).

Developed countries must also significantly ramp up climate finance to developing countries for the world to achieve the Paris Agreement’s climate goal.

A new paper, published today in Nature Climate Change, documents unprecedented scientific evidence for human-induced climate impacts over at least 80% of the world's land area affecting at least 85% of the global population.