A US-EU led initiative, the pledge will focus on national-level voluntary actions to contribute to reduce the global methane emissions by at least 30% by 2030, using a 2020 baseline More than 100 nations have joined the Global Methane Pledge. It will especially assist economies with less developed energy systems to plan their transition in a just and clean mannerĢ3 countries, including the world’s top 20 coal-fired power generating countries have made pledges to phase out coal power The accelerator will help speed up the pace of clean energy transition. The Regulatory Energy Transition Accelerator (RETA) was launched by International Energy Agency (IEA), Ofgem, International Renewable Energy Agency (IRENA) and World Bank. This Agenda has been signed by most countries including the US, India, EU, China, developing countries and some of the nations considered to be the most vulnerable to climate changeįurthermore, he launched the Clean Green Initiative – a £3 billion large investment that will support the introduction of sustainable infrastructure and cutting-edge green technologies in developing countries to combat climate change while also stimulating the economic growth of these nations3 UK Prime Minister, Boris Johnson, has established an international program to bring clean and affordable technology everywhere by the year 2030 and therefore achieve the goal of Net Zero. Some of the notable points made are as follows: The world leaders have dedicatedly rolled out plans in lieu of the key objectives of the Convention. While such initiatives on transition to clean energy is underway - ETC asserts that the pace needs to at least quadruple over the next ten years to avoid the harmful effects of climate change. Globally, an approximate 6,900 TWh of electricity was generated from renewable sources in 2019 – an increase of 5.5% when compared to renewable electricity generation in 2018. The COP26 Energy Transition Council (ETC) reiterated the fact that an immediate and just transition to clean energy holds great significance in order to meet the Paris Agreement goals. The first week of the Convention, in Glasgow, witnessed leaders from across the globe setting forth meticulous goals and commitments to fulfil the latter objectives. One of the key focus areas of the conference remains to devise a global Net Zero plan and keep the rising temperature in check.
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With more than 200 parties exemplifying their plans to slash their GHG emissions thereby trying to cap the global temperature rise within 1.5☌, COP26 can be considered as one of the most anticipated and the biggest international summits so far in the history of climate action.