Last updated on October 15th, 2021 at 04:52 am
The research found that despite net-zero commitments and updated Nationally Determined Contribution (NDC) targets from G20 nations, the world looks set to warm by 2.4C by the end of the century. There is part of G20 nation who are active contributor of green gas emissions and accounts for almost 75 percent of the emissions. The research warns that Argentina, China, India and Indonesia for being the top-most contributor and critical need from their side to take environmental friendly steps.
The research found that, as of August 2021, 14 G20 members had announced net-zero targets by mid-century, covering 61 percent of global GHG emissions. If these actions will be completely then the targets will be helpful to combat the existing emission gap still it will not be enough.
In the report it is suggested that if all G20 members strengthened their 2030 NDCs, then this gap could be narrowed down by 64 percent. Some of the world’s largest businesses, such as Unilever, Netflix and Volvo, have written to the G20 calling on nations to strengthen climate targets and deliver on climate finance commitments in the build-up to COP26.
The letter by these corporates, urged for action to end the coal power development. It also needs to look at all the financing plans to phase out coal-fired power generation by 2030 for developed nations. G20 nations need to strengthen their policies and implement the key steps to combat carbon emission.
Simon Virley, who is the KPMG’s head of energy and natural resources asserted that the UK has made great strides on decarbonisation, particularly in the power sector, over the past decade and we are now halfway to net-zero. We also have a strong political consensus and a world-leading framework for tracking progress put in place by the Climate Change Act.
In a recent interview with LBCI news channel of Lebanon former MP Fares Souaid warned about growing military tensions in… Read More
According to the UAE’s state news agency this week two shipments of aid from the UAE entered Gaza through the… Read More
Current world no. 1, Jannik Sinner is also planning to play in the ATP Finals in Turin between the 10th… Read More
USA Today reported that Prince William said that this past year was ‘probably the hardest’ of his life due to… Read More
In a collaborative humanitarian mission with the World Health Organization the Gulf nation UAE evacuated 86 critically injured patients from… Read More
Southern California Edison the main electric provider in the region intentionally cut power to nearly 70,000 customers overnight as a… Read More
This website uses cookies.
Read More