Article 6 of the Paris Agreement provides the framework for a new generation of carbon markets in a context where all countries are supposed to formulate and implement ambitious Nationally Determined Contributions (NDC) towards a temperature target and ratchet their contribution on a regular basis.

This study assesses the EU’s 2050 target, i.e. halving global emissions by 2050 to be in line with 2°C, in today’s setting to evaluate if the target, which was set ten years ago, is still appropriate and/or sufficient. It offers recommendations for the EU to aim for more ambitious targets.

This study assesses the EU’s 2050 target, i.e. halving global emissions by 2050 to be in line with 2°C, in today’s setting to evaluate if the target, which was set ten years ago, is still appropriate and/or sufficient. It offers recommendations for the EU to aim for more ambitious targets.

This case study presents the potential impact of lower battery and renewable energy costs projections in Canada’s NDC emissions target. The costs for renewable electricity generation and electric vehicles have dropped since the NDCs were developed, and future cost projections also decreased as a result.

This case study presents the potential impact of lower battery and renewable energy costs projections in Chile’s NDC emissions target. The costs for renewable electricity generation and electric vehicles have dropped since the Nationally Determined Contributions (NDCs) were developed, and future cost projections also decreased as a result.