World falling dangerously short of climate goals: UN

A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and boosting finance for the developing world, according to the UN's first official progress report out Friday. The stocktake report also says that clean power must be dramatically ramped up, according to the first UN scorecard of the world's progress in meeting Paris Agreement climate goals. "The global stocktake report is a call for radical and immediate action to meet the goals of the Paris Agreement," commented Tom Evans, a policy analyst at climate think tanks E3G. It said some $892 billion was invested in fossil fuels annually in 2019 to 2020, with a further $450 billion in fossil fuel subsidies. The first-ever global stocktake "is the moment that all countries say to themselves, 'We will mark our own homework,'" said Evans.