To stand a chance of limiting global warming to 1.5°C, the science shows we now have about eight years left to almost halve global greenhouse gas emissions.
The Joint Declaration recognizes the urgent need to reduce greenhouse gas emissions in accordance with the latest findings of the Intergovernmental Panel on Climate Change. It acknowledges the common intent of the three jurisdictions to transition toward net-zero greenhouse gas emissions while creating new, quality jobs in low- or zero-emission sectors and facilitating a just transition for people impacted by the shift towards a carbon neutral economy. And it recognizes a shared understanding of the importance of carbon pricing and the reform and phase out of environmentally harmful subsidies, as efficient and critical tools for reducing greenhouse gas emissions at the scale necessary to limit the global average temperature increase to 1.5°C.
