2035 NDC Projected at '53?61% Reduction'... Slightly Higher Than Government Proposal

On November 9, the ruling party and the government reached a consensus to set the '2035 National Greenhouse Gas Reduction Target' (2035 NDC) at 'a 53?61% reduction in greenhouse gas emissions by 2035 compared to 2018 levels.' The lower limit of 53% corresponds to the higher of the two options the government presented at the public hearing on November 6, while the upper limit of 61% is 1 percentage point higher than the government's previously announced candidate. Previously, the government had proposed 'a 50?60% reduction' and 'a 53?60% reduction' as candidates for the 2035 NDC. The '53% reduction' is the target that would be achieved if carbon neutrality (net zero greenhouse gas emissions) is reached by 2050, assuming emissions are reduced by the same percentage each year from 2018. The '61% reduction' is the level recommended by the Intergovernmental Panel on Climate Change (IPCC) as necessary to have at least a 50% chance of limiting global temperature rise to 1.5 degrees Celsius or