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The Deep Decarbonization Pathways Initiative employs a bottom-up strategy, assisting emerging nations in advancing climate actions through improved climate finance access. International cooperation is vital, particularly for least developed and emerging economies, to expedite national climate goals aligned with the Paris Agreement. A similar approach could enhance the Global Stocktake’s effectiveness in identifying collaboration priorities.

Anticipation surrounds COP27 as Just Energy Transition Partnerships (JETPs) are poised to be announced, potentially fostering trust and action in climate talks, particularly in coal-dependent emerging economies. Following the South African precedent, these deals are a response to the G7’s commitment to replicate them in countries like India, Indonesia, Senegal, and Vietnam. Yet, uncertainty shrouds their effectiveness. Conditions for fulfilling JETPs’ promises are unclear.

Over 70 countries aim for net-zero emissions by mid-century, with potential benefits like job creation and economic improvement, aligning with the Paris Agreement’s 1.5-2 °C target. A new IDB and IDDRI report outlines 15 crucial transformations across sectors, addressing barriers to adoption. Governments must prioritize obstacle removal to enable a carbon-free transition.