While it has long been easy to calculate market capitalization and who is responsible for what percentage, the same cannot be said for global emissions and their drivers. The lack of harmonization between the private and public sector significantly limits action and overlooks proven ambition-raisers.
A global stocktake (GST) that does not reflect all sectors, at best misses out on potential drivers of ambition and inspiring stories of success, and at worst provides cover for lack of action and fails to reflect the true urgency of the situation.
To address this challenge, this report defines a successful GST as one that is:
- Inclusive: The GST should be inclusive, fostering participation and engagement from all Parties as well as non-Party stakeholders
- Evidence-focused: High-quality data should be front and center of the GST process
- Purpose-driven: The GST should be driven by the need to accelerate global ambition