Saturday, 7 November 2026

Global carbon neutrality will not arrive until 2064 under current trends, 14 years past the 2050 benchmark, according to Allianz Research. The projection comes from the second Allianz Green Transition Tracker 2026, published ahead of the COP31 climate conference in Antalya, finding that most economies are progressing toward net-zero emissions too slowly to meet their climate commitments.

The study noted one bright spot in the power sector: renewables supplied 33.5% of global electricity in 2025, exceeding coal's 33.2% share and overtaking coal as the largest power source for the first time in over a century, according to Allianz Research.

That milestone, however, has not been enough to close the gap between national pledges and actual decarbonization trajectories.

The IPCC suspended its mid-October meeting without approving a budget for next year or setting a timetable for upcoming reports, according to Inside Climate News.

Governments voluntarily determine their contributions to the panel's annual budget of USD 9.7 million each year, Inside Climate News reported.

Next year's budget remains uncertain, but a concerted funding push at the upcoming climate summit in Turkey could prove effective, according to Inside Climate News.