Post by account_disabled on Feb 20, 2024 1:20:24 GMT -6
In an open letter published on October 23, 2023, a group of corporate giants with a combined value of almost $1 trillion in annual global revenue make an urgent call for world leaders to phase out fossil fuels by 2040, according to Edie . In this letter, these business leaders emphasize that their value chains are already feeling the impacts and costs derived from extreme weather events caused by climate change . In addition, they point to fossil fuels, such as gas and oil, as the primary cause of this problem. They urge to eliminate fossil fuels by 2040 The letter, coordinated by the We Mean Business Coalition, an alliance of companies committed to climate action, highlights that, although many large companies have solid energy transition plans, they cannot carry out this transition safely and efficiently. by themselves. This underlines the need for a joint effort involving both the private sector and governments. The letter's signatories urge world leaders to set clear targets and timelines for phasing out all fossil fuels without emissions reductions. They also highlight the importance of carbon pricing as a driver of this transition, as well as the need to maintain energy security through the rapid expansion of clean energy as a replacement.
It is urgent to promote clean energies In this sense, the letter reiterates the recommendation of the International Energy Agency (IEA) that all industrialized nations achieve 100% decarbonized energy systems by 2035 and that all other nations make this transition by 2040. This would not only reduce the carbon emissions, but would also help prevent the devastating effects of climate change. The letter emphasizes how crucial it is for wealthy nations in the northern hemisphere to support developing nations in the southern hemisphere in diversifying their energy systems and improving energy access. Otherwise, these nations will follow a path that Chile Mobile Number List is not in line with the goals of the Paris Agreement. According to IEA data, $150 billion was invested in clean energy in developing economies last year. However, it is estimated that this amount must reach $1 trillion by 2030 to achieve a net-zero emissions global economy by mid-century. «More than 80 countries backed the call to eliminate all fossil fuels at COP27, but action is not happening fast enough. The climate and economic warnings are clear. “We need immediate and decisive action on a just and equitable transition from fossil fuels to a clean energy system.” María Mendiluce, CEO of the We Mean Business Coalition. From fossils to clean Getting nations to agree to a complete phase-out of fossil fuels has been a challenge this year. World leaders have been busy debating energy security and economic development amid the economic downturn and the conflict between Russia and Ukraine.
At the G20 Summit in India, which brings together some of the world's largest and most powerful economies to address global economic and financial issues, world leaders expressed their support for the recommendation of the International Agency for Energy (AIE) to triple the generation capacity of renewable energy worldwide during the current decade. However, no new specific commitments were achieved in relation to the reduction of the use of fossil fuels. The G20 final documents for 2023 state that members should “gradually reduce” coal power generation without emissions reductions “in accordance with national circumstances and recognizing the need to support just transitions.” There is no direct mention of oil and gas. Shortly after the conclusion of the G20 summit, the We Mean Business Coalition launched the “From Fossils to Clean” campaign, under which businesses come together to push for a strong agreement on phasing out fossil fuels at COP28. . The next United Nations climate summit begins at the end of November in Dubai, and there are concerns about the difficulty of reaching a strong agreement at a COP hosted by a fossil fuel-exporting nation. Before we go… The open letter from these corporate giants is an urgent call for action against climate change. They represent a wide range of industries and are supported by influential environmental and trade organizations. His call to eliminate fossil fuels by 2040 is a reminder of the importance of addressing the climate crisis effectively and quickly. The fact that these companies recognize the need to work together with governments is an indication that the transition to a world without fossil fuels is a challenge that requires global collaboration.
It is urgent to promote clean energies In this sense, the letter reiterates the recommendation of the International Energy Agency (IEA) that all industrialized nations achieve 100% decarbonized energy systems by 2035 and that all other nations make this transition by 2040. This would not only reduce the carbon emissions, but would also help prevent the devastating effects of climate change. The letter emphasizes how crucial it is for wealthy nations in the northern hemisphere to support developing nations in the southern hemisphere in diversifying their energy systems and improving energy access. Otherwise, these nations will follow a path that Chile Mobile Number List is not in line with the goals of the Paris Agreement. According to IEA data, $150 billion was invested in clean energy in developing economies last year. However, it is estimated that this amount must reach $1 trillion by 2030 to achieve a net-zero emissions global economy by mid-century. «More than 80 countries backed the call to eliminate all fossil fuels at COP27, but action is not happening fast enough. The climate and economic warnings are clear. “We need immediate and decisive action on a just and equitable transition from fossil fuels to a clean energy system.” María Mendiluce, CEO of the We Mean Business Coalition. From fossils to clean Getting nations to agree to a complete phase-out of fossil fuels has been a challenge this year. World leaders have been busy debating energy security and economic development amid the economic downturn and the conflict between Russia and Ukraine.
At the G20 Summit in India, which brings together some of the world's largest and most powerful economies to address global economic and financial issues, world leaders expressed their support for the recommendation of the International Agency for Energy (AIE) to triple the generation capacity of renewable energy worldwide during the current decade. However, no new specific commitments were achieved in relation to the reduction of the use of fossil fuels. The G20 final documents for 2023 state that members should “gradually reduce” coal power generation without emissions reductions “in accordance with national circumstances and recognizing the need to support just transitions.” There is no direct mention of oil and gas. Shortly after the conclusion of the G20 summit, the We Mean Business Coalition launched the “From Fossils to Clean” campaign, under which businesses come together to push for a strong agreement on phasing out fossil fuels at COP28. . The next United Nations climate summit begins at the end of November in Dubai, and there are concerns about the difficulty of reaching a strong agreement at a COP hosted by a fossil fuel-exporting nation. Before we go… The open letter from these corporate giants is an urgent call for action against climate change. They represent a wide range of industries and are supported by influential environmental and trade organizations. His call to eliminate fossil fuels by 2040 is a reminder of the importance of addressing the climate crisis effectively and quickly. The fact that these companies recognize the need to work together with governments is an indication that the transition to a world without fossil fuels is a challenge that requires global collaboration.