According to officials with knowledge of the matter, over sixty countries have voiced their support for an agreement led by the European Union, United States, and United Arab Emirates to triple renewable energy capacity by the end of this decade and transition away from coal.
The EU, US, and UAE have been rallying support for the accord ahead of the annual COP28 climate talks, which will take place in Dubai from November 30 to December 12. The promise is supported by major growing economies such as Nigeria, South Africa, and Vietnam, as well as developed nations such as Australia, Japan, and Canada, as well as others such as Peru, Chile, Zambia, and Barbados. These governments have committed to joining the pledge, which aims to increase the world's yearly pace of energy efficiency improvement to 4% by 2030.
The pledge's draft, as reported by Reuters, highlights the growing usage of renewables while calling for the "phase down of unabated coal power," including the cessation of financing for new coal-fired power plants. Negotiations with China and India to sign the promise are said to be advanced, however, neither country has confirmed their involvement. To effectively address climate change challenges, scientists emphasize the importance of rapidly developing clean energy and rapidly lowering the use of CO2-emitting fossil fuels in the power sector. The proposed renewable energy pledge is expected to be included in the final outcome of the world leaders' meeting on December 2.
A CSR Initiative of
Designed and Executed by
Implemented by
Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
