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Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
One of the biggest stories and most widely supported initiatives coming out of the 2023 UN Climate Change Conference (CO28) in Dubai, UAE is the pledge to triple the world’s installed renewable energy capacity by 2030 to limit global temperature rise to 1.5°C. This is the only way that ambition can become reality.
The Prince of Wales has today launched a new initiative geared at fast tracking finance for improving water services in water-stressed regions in Africa and South East Asia. As we head into the crucial climate negotiations at COP in Glasgow later this year, this work will show that practical solutions to the water and climate crisis exist.".
Because 15 years' ago, a COP would not have been like that. But nevertheless, the promise to end deforestation by 2030 deforestation, with the Brazilians on board - that is a step in the right direction, isn't it? Nico Rosberg: I'm energised to be here, because it's incredible how much intention there is on this topic.
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
A coalition of more than 50 countries has committed to protect almost a third of the planet by 2030 to halt the destruction of the natural world and slow extinctions of wildlife. So as co-host of the next Climate Cop, the U.K. The High Ambition Coalition (HAC) for Nature and People, which includes the U.K.
per year, when they need to be falling by 7% every year to 2030, according to some estimates, to keep alive the hopes of the Paris agreement. Fossil fuels were mentioned for the first time in a COP text two years ago, at COP26 in Glasgow. King continued: “Ensuring 1.5C
However, a commitment to phase out coal powered electricity by 2030 that was reportedly included in a draft version of the agreement has been struck from the final communique, with the Ministers declining to set a firm coal phase out deadline.
Part of the world’s largest series of energy sector events spread across North America, Europe, Australia, Africa & South East Asia, this even brings together over 200 exhibitors and 8000 qualified professionals from the entire value chain of the global power generation, transmission and distribution under one roof.
Water shortages and a decline in pollinators will affect agricultural production levels, trade, and food prices across Eastern and Western Africa, central Asia and parts of South America, the study predicts. The study also estimates economic costs arising from the loss of specific ecosystem services.
For example Africa and Asia are seen as becoming net exporters of clean electricity with their export revenue offsetting the increased system costs, while the greatest savings are seen in North America with interconnectors between the US and Canada. Rather in sub-Saharan Africa a balance of interconnectors and mini grids is needed.
The COP27 Presidency has today launched a new global plan that aims to mobilise state and non-state actors behind a shared set of climate adaptation goals for 2030 that span food and agriculture, water and nature, coasts and oceans, infrastructure, and human livelihoods. Seven times that amount will be needed annually until 2030.".
In my first fortnight as COP President, I have been listening to those who have done this before. ??Meeting Meeting people like Paris COP President Laurent Fabius, UN Deputy Secretary-General Amina Mohammed and Patricia Espinosa from the UNFCCC. ??And, And we are getting ready for it.??. The first Green Simba bond.
The EU and Turkey have both unveiled fresh 2030 climate targets in support of the Paris Agreement at the COP27 Climate Summit today, although hopes are already receding that the welcome announcements could inject some much needed urgency into talks that continue to move at a snail's pace. Russia's war against Ukraine will end.
The first few days of COP have ushered in a wave of major announcements and funding pledges. The whopping $30B fund will be split into “Acceleration” and “Transformation” and will target deploying $250B by 2030. billion needed to reach its $250 billion goal by 2030. Happy Monday!
The landmark $8bn-plus agreement with South Africa to support a just transition away from coal power also provides an exciting template for how emerging economies can be provided with support as they attempt to move onto cleaner development pathways. Countries requested to set tougher 2030 climate plans. or 1.7C, but 1.5C
It comprises 19 nations - Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States of America - and the European Union. The G20 also accounts for 75 per cent of global greenhouse gas emissions.
With a number of major economies, including India, Vietnam, Thailand, Australia, Saudi Arabia, and others, having set their sights on delivering net zero emissions, in addition to improved emissions targets for 2030 from many other nations, the outlook within the past month appears to have dramatically improved. in reach".
Worse still, it has now emerged from new undercover reporting that Saudi Arabia is operating a so-called ‘Oil Sustainability Programme’ (OSP) designed to artificially increase demand for oil across Africa and Asia.
Scaling up climate finance has been one of my top priorities as COP President," he said. However, Mohamed Adow, director of Nairobi-based think tank Power Shift Africa and a veteran observer of UN climate talks, slammed the announcement as "utterly shameful". and avoiding dangerous climate impacts.
The International Energy Agency has estimated that $13.5tr of public and private investment in the global energy sector alone will be required between 2015 and 2030 to meet the Paris Agreement targets. Helping our world-leading offshore wind industry reach 40GW by 2030. In the UK we have shown that green growth is possible.
Mohamed Adow, director of think tank Power Shift Africa said the achievement came after three decades of appeals for help from climate impacted nations. "To Keep your eye on 2030. Earlier in the Summit an independent analysis had warned that based on current national emissions targets for 2030 the world was still on track for 2.4C
Recent research from the World Bank suggests that a collapse of ecosystem services in 2030 would have a serious impact on global GDP, with three billion people in Sub-Saharan Africa and India facing a loss of GDP of 9.7 Climate change and the loss of nature are two intersecting crises that face the global economy. per cent and 6.5
Another COP is coming - the 27th United Nations Climate Change Conference. In addition, there is growing dismay, and anger in many quarters, that the unmet promises of past COPs, especially in providing finance to those that are suffering loss and damage from climate change, are going to make COP27 even more challenging.
As such, the COP Presidency should presumably welcome mounting calls for a new era of public-private cooperation on the financial packages that can help developing and emerging economies wean themselves off fossil fuels. The countries where these polluting assets are located are under significant pressure to phase down these polluting assets.
The appeals underscored how for many nations, the success of the Sharm El Sheikh Summit depends on its ability to deliver real progress towards the launch of a dedicated funding mechanism for Loss and Damage, after the contentious issue made it on to a COP agenda for the first time this year.
Rania Al Mashat, Egypt's minister for international cooperation, recently said : "For us, what we want this COP[27] to be about is moving from pledges to implementation. Ana Paula Assis is general manager for IBM Europe, Middle East & Africa. As of June 2022, we are on course to meet this goal.
Last year at COP26 in Glasgow, Scotland, 141 leaders of countries that hold 90 per cent of the world's forests committed to end deforestation by 2030. According to the 2022 Forest Declaration Assessment , deforestation won't end by 2030 unless dramatic changes are taken. Deforestation as a whole. This year, deforestation fell by 6.3
In addition, Guterres called on countries to revise their 2030 climate targets and for countries to work together on Just Energy Transition Partnerships, akin to the deal signed at COP26 by developed nations to provide financing to help South Africa transition its energy system and workers away from coal power plants.
Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics. Those frustrations were further amplified by the Egyptian Presidency's management of the talks, which saw the timetable slip badly, even by COP standards.
And for its part, the UK announced the launch of a new programme designed to tackle the destruction of nature and biodiversity across sub-Saharan Africa, South-East Asia and South Asia. As such, it is impossible to underestimate the importance of money to the Montreal talks. limit has galvanised climate plans at companies.
Countries in the OECD should aim to phase out coal completely by 2030, with the rest of the world following suit by 2040, he said. This COP must agree on a clear, timebound roadmap reflective of the scale and urgency of the challenge, and that roadmap must deliver effective institutional arrangements for financing.". Progress on LEAF.
Do the next best thing and read our COP reflections. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight. Lawmakers are shooting for a 20-22% nuclear energy mix by 2030. For now, the swirl of COP nuclear activity represents a dip of the toe. Happy Monday!
In November, I had the privilege to represent Schneider Electric at the UN's Conference of Parties (COP) on climate change in Glasgow. This COP was unlike the previous 25 iterations, in that it took place during a global pandemic. In reality, the current pledges align more closely to 2.7 Bottom Line for Business.
We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. The key for 2021 will be to supersize the good examples of these kinds of efforts and bring them together to help shape a decade of unprecedented partnership and action to 2030.
In a move that environmental advocates cautiously celebrated, the pair agreed earlier this month to work together to try to triple renewable energy capacity globally by 2030. After decades of stalled negotiations on this front, there was finally a breakthrough at last year’s COP. But (why is there always a but?!)
Scientists have made clear that global emissions cuts of 45 per cent by 2030 are needed to stand a chance of limiting global warming to 1.5C, yet UN analysis suggests that present national commitments would see emissions rise by 16 per cent by the end of the decade, compared to 2010. "The warming trajectory.
As such, the UK government is said to be working on plans for a new multibillion-pound green development bank that could both directly fund low carbon infrastructure projects across Asia, Africa, and South America, and underwrite private investment. The voice of vulnerable countries is really important at COPs," he explained.
I also want particularly to thank COP President Alok Sharma who has worked incredibly hard to bring countries together. Despite the Covid-19 crisis, we have accelerated action, the COP has responded to the IPCC's call to close the gap towards 1.5, Greenwashing is the new climate denial, and we have seen too much at play in this COP.
By 2030, it aims to produce 75,000 to 100,000 tons of Lithium Carbonate Equivalent (LCE), the refined product used in batteries, enough to power 1m EVs. Delegates cross-pollinated conservation ideas at the biodiversity COP last week in Colombia. A new supermarket staple?
Speculation is continuing to mount over whether the two high profile summits will be able to proceed as planned, given the worsening coronavirus waves currently afflicting parts of Europe, Asia, Africa, and South America.
Now there is a broad consensus that bolder action is required well before 2030, even if some of the details are still being thrashed out. The previous timetable for updating NDCs would have meant they would only have been improved once or maybe twice before the available carbon budget for 1.5C of warming was completely burned through.
It's worth noting that we still have little idea of how Covid-19 will impact the world's poorest countries, in sub-Sarahan Africa and South Asia. Right now, it seems like a long time until summer 2021 (and yes, I'm assuming both biodiversity and climate COPs will be in summer.). Factor that in, and postponing COP26 was inevitable.
The International Energy Agency has estimated that about 30 million new workers are needed by 2030 to meet increased demand in the clean economy. It requests countries to revisit and strengthen their 2030 emissions reduction targets, as necessary, to align with the Paris temperature goal by the end of this year.
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