Fair Share
Fair Share
We rate Chile’s NDC emission reduction targets for 2030 “Highly Insufficient,” an improvement on our previous rating (2017) of “Critically Insufficient.”
The “Highly Insufficient” rating indicates that Chile’s climate commitment in 2030 is not consistent with holding warming to below 2°C, let alone limiting it to 1.5°C as required under the Paris Agreement, and is instead consistent with warming between 3°C and 4°C: if all countries were to follow Chile’s approach, warming could reach over 3°C and up to 4°C. This means Chile’s climate commitment is not in line with any interpretation of a “fair” approach to the former 2°C goal, let alone the Paris Agreement’s 1.5°C limit.
If the CAT were to rate Chile’s projected emissions levels in 2030 under current policies, we would also rate it “Highly insufficient.”
Most effort sharing approaches lead to similar levels of emissions allowances for Chile. The upper end of the “Insufficient” range is determined by effort sharing approaches focusing on staged emissions reductions. To be in line with the most stringent approaches, which focus on capability, Chile would need even further emissions reductions.
In past assessments, CAT rated Chile “Critically insufficient.” The downward revision of GDP growth rates led to a decrease in the emissions level resulting from the NDC. The improvement of the rating is thus not related to a change of the NDC, but rather the revision of economic growth projections. Because of this link to GDP projections, Chile’s targets remain uncertain.
For further information about the risks and impacts associated with the temperature levels of each of the categories click here.
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