While COP29 is still a week away, the Hugo Observatory (ULiège), in collaboration with the fund manager DPAM, has constructed an international ranking of country performance in order to achieve the objectives of the Paris Agreement. The basis of this ranking is a new analysis of government data and reports from the 23 signatory countries. It appears from these observations that Belgium turns out to be one of the worst performers in the class, positioned in 19th place. This ranking results from an exhaustive assessment of these countries which it classifies according to their compliance with the Paris Agreement. It is designed so that each theme selected has three indicators. Note that it is Austria which comes at the top of this first ranking of performances based on the Paris Agreement. Its commitment to reaching “net zero” ten years before most developed countries and its balanced performance in other areas confirm its leading position
The Hugo Observatory (of ULiège) and DPAM, entity of the group Indosuez Wealth Managementprovides sustainable active asset management services, based on internal research, have jointly developed a ranking of country performance against the Paris Agreement. This project, which brings together the academic and investment world, aims to precisely measure the degree of alignment of countries with the objectives of the Paris Agreement, particularly with regard to limiting the rise in temperature. global temperature at 1.5°C.
Not lagging behind in everything
Even if in terms of emissions, our country ranks 8th for current emissions and 10th for projected emissions, Belgium only comes in 19th place out of 23 in the final ranking. We perform significantly less well than others on indicators related to governance, particularly with regard to its “net zero” objective and its contribution to multilateral transparency. If Belgium corrects these weak points, it could significantly improve its ranking in the coming years.
Austria tops the first performance ranking based on the Paris Agreement.
“This ranking is the first based on a composite indicator which, in addition to limiting temperature, measures the performance of countries by integrating the multidimensional nature of the Paris Agreement and international climate action. It represents an important step in redefining what tackling climate change really means for a country. “, explains Aidan Geel, doctoral student at ULiège, who is working on developing the ranking under the supervision of DPAM and the university.
Among the good students: Austria, Switzerland and Germany…
Switzerland occupies 3rd place in the ranking thanks to impressive results in emissions, both current and projected (3rd place in both categories), as well as a strong commitment to multilateral transparency (6th place ). The country can, however, make progress, particularly in international financing of the fight against climate change, an area in which it ranks 9th.
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