Fair Share
Fair share
We rate Chile’s NDC “Highly 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.
Chile’s unconditional NDC falls close to the border between two ratings, the “Highly insufficient” and the “Insufficient” category. If Chile were to slightly increase the ambition of their target and make it an absolute and more ambitious one, we would rate it “Insufficient”.
Chile has formulated its NDC targets as a reduction of the emissions intensity of GDP—the estimation of absolute emissions thus directly depend on projections of GDP—making the absolute emissions levels from Chile’s targets uncertain: In recent updates we already twice had to update the values based on new GDP data, once causing a substantial improvement of their target from “Critically insufficient” to “Highly insufficient”, and in this update a slight upwards move of the emissions level resulting from the NDC.
The CAT ratings are based on climate commitments in NDCs. If the CAT were to rate Chile’s projected emissions levels in 2030 under current policies, we would rate Chile “Highly insufficient”. The rating in 2030 would be “Insufficient”, if the CAT were to rate Chile’s projected emissions levels in 2030 under planned policies (scenario aligned with 2050 Energy Strategy), indicating that Chile’s planned policies in 2030 are not consistent with holding warming to below 2°C, let alone limiting it to 1.5°C as required under the Paris Agreement, and are instead consistent with warming between 2°C and 3°C: if all countries were to follow Chile’s approach, warming would reach over 2°C and up to 3°C. This means Chile’s planned policies are at the least stringent end of what would be a fair share of global effort, and are not consistent with the Paris Agreement warming limit, unless other countries make much deeper reductions and comparably greater effort.
Most effort sharing approaches lead to similar levels of emissions allowances for Chile. The upper (less stringent) 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.
Further information about the risks and impacts associated with the temperature levels of each of the categories.
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