Home » Blog » Global Renewables and Energy Efficiency Pledge

Global Renewables and Energy Efficiency Pledge

By Amigos IAS

Why is it in the news?

  • At the annual UN climate summit (COP28), 118 countries signed the Global Renewables and Energy Efficiency Pledge, committing to advance renewable energy and enhance energy efficiency on a global scale.

 

More about the news

  • Triple global installed renewable energy capacity to 11,000GW by 2030.
  • Double the global energy efficiency improvement rate to over 4% by 2030.
  • Aims to phase down unabated coal power.
  • Calls for an end to financing new coal-fired power plants.
  • It has the potential to avoid greenhouse gas emissions by about 7 billion tons of CO2 equivalent.
  • Accelerate cross-border grid interconnections.
  • All G20 countries, excluding India, China, and Russia, signed the pledge. India did not sign, citing commitment in NDCs to install 500 GW of electricity from non-fossil fuel sources by 2030.

 

Declaration to Triple Nuclear Energy (DTNE)

·       Launched at COP28.

·       Objective is to triple the world’s nuclear energy capacity.

·       Endorsed by 20 countries, including the United States, Japan, Ghana, and several European countries.

·       Recognizes the key role of nuclear energy in achieving global net-zero greenhouse gas emissions by 2050.

·       India is not part of the DTNE initiative.

Signup for newsletter

Receive notifications straight into your inbox

Leave a comment

Item added to cart.
0 items - 0.00

Discover more from AMIGOS IAS

Subscribe now to keep reading and get access to the full archive.

Continue reading