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Global Renewables and Energy Efficiency Pledge


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)

路聽聽聽聽聽聽 Launched at COP28.

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

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

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

路聽聽聽聽聽聽 India is not part of the DTNE initiative.

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