2023-12-15 20:32:14
Michael Bloomberg, founder and majority owner of Bloomberg, the United Nations Special Envoy for Climate Ambitions and Solutions, and Chairman of the Defense Innovation Board, said that the global agreement reached at the United Nations Climate Change Conference (COP28) achieved a historical precedent, which is the commitment Explicit transition away from fossil fuels.
Bloomberg added, in an article published on the news agency’s website, that although this agreement has been long-awaited, it sends a strong signal to governments and business leaders regarding the direction in which the world is moving, and the need to move much faster. But actions are more important than words, and other historic achievements at the summit hold the potential for an unprecedented level of action.
He explained that, thanks to greater participation from the private sector and local leaders, and strong leadership from the top, such as United Nations Secretary-General António Guterres, Executive Secretary of the United Nations Framework Convention on Climate Change Simon Steele, and COP 28 President Sultan Al Jaber, this Conference of the Parties produced a number of Key achievements that might contribute to reducing global emissions by 43% by 2030, which scientists say is necessary to keep global temperature rise below the Paris Agreement target of 1.5°C.
In the final agreement, countries committed to tripling global clean energy capacity and doubling efficiency by 2030. Outside of the agreement, more countries committed to working together to phase out coal-fired power plants, the largest single source of greenhouse gas emissions globally, and will Combined, these commitments reduce emissions, lead to cleaner air and better health, generate new jobs, and create economic opportunities for hundreds of millions of people around the world who still lack electricity.
(Bloomberg)
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