Thailand Ndc Paris Agreement

Thailand Ndc Paris Agreement

This document has been prepared with the aim of analysing the macroeconomic impact of different greenhouse gas emission reduction targets. In order to contribute to the long-term goal of keeping the temperature well below 2°C of the Paris Agreement, the study analysed the macroeconomic impact of setting stricter emission reduction targets beyond 2030, in addition to the 20-25% emission reduction targets set by the Thai DNNs. Studies indicate that it is necessary to reach the global peak of greenhouse gas emissions as quickly as possible to achieve the long-term temperature target, to reduce the intensity of mitigation efforts that would be required due to a delayed peak [35]. This analysis showed that setting emission reduction targets for ERT20-90 and ERT25-90 between 2030 and 2050 allows Thailand to reach a peak on emissions by 2030 that would be consistent with the strict goal of keeping the temperature at 2°C or below 2°C. To achieve 50% of GHG reductions by 2030 compared to construction, the possibility of reaching the peak emissions for Thailand could even be lower than the higher reduction targets of ERT50-90 in 2020. However, Thailand is expected to redouble its efforts to achieve peak emissions by 2030. As part of international efforts to combat climate change, the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement at the 21st Conference of the Parties (COP21), held on 12 December 2015. The agreement, a legally binding framework, brings all nations together to fight climate change by maintaining, by the end of the century, a rise in global temperature below 2°C above pre-industrial levels and striving to further limit the temperature increase to 1.5°C [3]. To support these objectives, Thailand signed the Paris Agreement on 22 April 2016 and ratified it on 21 September 2016 [4]. .

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