* **Shifting focus to 2035 targets:** The urgency for action is increasing, prompting a shift from 2030 goals to 2035 targets. * **Under-promised and undelivered 2030 goals:** Existing targets set for 2030 have not been met, highlighting the need for stronger commitments. * **Cop 29 as a critical juncture:** The upcoming UN Climate Change Conference in Baku, Azerbaijan, is crucial for setting new targets and driving progress.

The global community is working towards a global agreement on climate change, with the aim of reducing greenhouse gas emissions and mitigating the effects of climate change. However, the agreement has little momentum. While some countries have made initial steps, significant work remains to be done.

The IEA analysis highlights the importance of setting clear, ambitious, and time-bound targets for emissions reductions. It emphasizes that these targets should be aligned with the Paris Agreement’s goals of limiting global warming to well below 2 degrees Celsius. The analysis also underscores the need for robust monitoring and reporting mechanisms to ensure accountability and transparency.