Of the 196 negotiating countries that have signed the agreement, 181 have ratified it to date. According to the United Nations Environment Programme (UNEP), temperatures are expected to rise by 3.2oC by the end of the 21st century, based solely on the current climate commitments of the Paris Agreement. To limit the increase in global temperature to 1.5 degrees Celsius, annual emissions must be below 25 Gigaton (Gt) by 2030. With the current commitments of November 2019, emissions by 2030 will be 56 Gt CO2e, twice the environmental target. To limit the increase in global temperature to 1.5 degrees Celsius, an annual reduction in emissions of 7.6% is needed between 2020 and 2030. The four main emitters (China, the United States, the EU-27 and India) have contributed more than 55% of total emissions over the past decade, excluding emissions due to land use changes such as deforestation. China`s emissions increased by 1.6% in 2018 to a peak of 13.7 Gt CO2 equivalent. U.S. emissions account for 13% of global emissions and emissions have increased by 2.5% in 2018. EU emissions, which account for 8.5% of global emissions, have fallen by 1% per year over the past decade.
Emissions fell by 1.3% in 2018. In 2018, 7% of India`s global emissions increased by 5.5%, but its per capita emissions are one of the lowest in the G20. [100] THE PRESIDENT: Thank you very much. (Applause) Thank you very much. First of all, I would like to talk about the terrorist attack in Manila. We are monitoring the situation closely and I will continue to provide updates if anything happens during that time. But it`s really very sad what`s going on with terror all over the world. Our thoughts and prayers are with everyone involved. Before I talk about the Paris Agreement, I would like to start by updating our enormous economic progress – absolutely enormous – since the day of the elections on 8 November. The economy is starting to come back, and very, very quickly. We have added $3.3 trillion in market value and more than $1 million in private sector jobs to our economy. According to a report published by Oxfam last year, the richest 10% of people produce half of the emissions of fossils harmful to the planet`s climate, while the poorest half contribute only 10%, as shown in this graph.