Instead of solitary ramble and thereby weak efforts lacking pace towards climate change, dozens of world leaders vow to step up the use of clean technologies by way of renewed standards and policies.
On this issue, the final and formal declaration is still due which would be at the Climate Summit COP26 in Glasgow in a few days to come.
Initially, five carbon sectors are put under scanner, inclusive of agriculture and electricity. Besides, commitment from the business class is sought in form of private investment to augment and encourage low carbon frameworks.
Notwithstanding, such efforts were made earlier too to favour clean tech but this time the pledge is based on an iron will and strong commitment, as per the grime environmental situation.
Its patrons simply want investors’ sentiments to find a pact amid the growing market size for clean technology.
Certainly, hopes are high that the move would attract a hefty dollar investment for checking emissions.
Five sectors have been identified for the plan, which are steel, road transport, agriculture, hydrogen and electricity. Such a mega initiative is bundled under the title “Glasgow Breakthrough”, which has made e3g Climate think tank chief Nick Mabey to cheer it.
With media he shared, ”Imagine if major nations agreed to set a target for the amount of “green steel” to be made, (That’s steel made with hydrogen or electricity). That would be really powerful by creating a market.“
The Basics Of COP26 Climate Summit:
- Climate change is the most dangerous aspect of the present-day environment and governments must join hands for ambitious cuts in warming gases if we want to put a lid on frequently rising temperatures,
- Glasgow Summit is the point where change could be planned. There are pledges made by leaders of countries that are notorious for causing widespread pollution, (US and China) and support extended to poorer countries has also attracted the spotlight f the discussion.
- Our lives are likely to change. Such decisions and course of action intended could have a direct impact upon our living, on our food platter, on our mode of transport and the way we heat and cool our homes.
UK PM Boris Johnson mustered the courage to unveil the plan in the presence of those representing India, the US, the EU and China.
No doubt, such signatories stand for 70% of the world economy and represent every major part of our planet.
Within the EU, luckily, similar sentiments are encouraged and lawmakers struggle to mould efficiency standards in electrical products to restrict carbon emissions.
It is mandatory on part of companies to adhere to such standards if they want to sell their items inside the EU frontiers but then, a set of (high) standards in one part of the world can have a direct impact upon the whole tech framework in the other. Categorized as “Glasgow Breakthrough” this process is expected to garner a widespread acknowledgement in a short time.
UK PM Boris Johnson proudly declared “By making clean technology the most affordable, accessible and attractive choice, the default go-to-in what are currently the most polluting sectors, we can cut emissions right around the world.
He went on to say, “The Glasgow Breakthroughs will turbocharge this forward so that by 2030 clean technologies can be enjoyed everywhere, not only reducing emissions but also creating more jobs and greater prosperity”.
There has been a mutual agreement between nations to focus upon progress in every yearly discussion in each sector from 2022 onwards. To cement the efforts, annual reports will be published under the patronage of rich nations’ think tank, the International Energy Agency.
In yesterday’s event, world leaders, philanthropists and world leaders tended to flag off:
The “Green Grid Initiative” under which, continents are to be connected, alongside countries and communities with renewable sources of power and to be watchful that everyone gets access to clean energy.
AIM4C, which is a new move by the US and the UAE that have support from 30 countries that pledge support innovation in sustainable agriculture.
The “Breakthrough Energy Catalyst” scheme targets to raise around $30 billion of investments and to cut costs favouring “green hydrogen: Direct Air Capture of CO2 and to ease storing energy for long term use.
The “First Movers Coalition”, a buyers’ club led by the US teeming with 25 major enterprises with a global reach which commit to making purchases to encourage sectors such as steel, trucking, shipping, aviation, aluminium, concrete, chemicals.
Clean technology initiatives will be welcomed by climate advisors appointed by the government, but then PM Johnson is not supposed to sideline the behaviour need aspect too which call for walking and cycling more and consuming less dairy and meat.
