1) Current NDCs Need to Be Strengthened to Achieve the Goals of the Paris Agreement
2) Parties Can Seize Economic and Social Benefits of Updating their NDCs
The current NDCs were developed by Parties ahead of Paris, quickly and with no certainty of the final outcome. With the Paris Agreement now in force and with implementation guidelines to be finalized at the end of 2018, Parties can factor in recent innovations and declining costs of renewable energy to take advantage of opportunities in key sectors to send accurate signals to investors. Many countries have long-term plans and strategies related to climate, development, and economic objectives. Taking the opportunity now to align NDCs with these long-term goals and strategies will avoid locking in high emissions that will exacerbate climate vulnerabilities. For example, analysis has revealed the high potential for synergies between achieving the Sustainable Development Goals and the NDCs.
The next years could offer new areas of cost-effective climate action. Lastly, many countries have already made substantial progress and some appear to be on track to exceed the targets in their current NDCs.