Tag: Paris Agreement

A sharp increase in the deployment of carbon capture, utilization and storage (CCUS) technology is needed worldwide if countries want to meet net-zero emissions targets and slow climate change in line with Paris Agreement, IEA said on Thursday.

China announced plans to boost its Paris climate accord target and called for a green revolution. Namely, China aims to achieve carbon neutrality by 2060.

NABU cruise ranking reports that the cruise industry is nowhere near meeting the requirements of the Paris climate goals, as several shipping companies have no specific strategy to become green.

Speaking at the International Energy Agency Clean Energy Transition Summit, the United Nations secretary-general António Guterres suggested that any bailout to the shipping industry should be in line with the Paris Agreement commitments.

The shipping sector ‘can’t wait’ for new, low-carbon ships to enter its fleet if it is to cut CO2 emissions in line with Paris Agreement targets, according to a University of Manchester. This climate research has stated that urgent action on emissions from existing ships is the key to tackling shipping’s impact on climate change.

Norwegian oil major Equinor launched a new climate roadmap to ensure a competitive business model in the energy transition, in line with Paris Agreement. Among others, the company aims to reduce the net carbon intensity of energy produced by at least 50% by 2050. 

A key publication presented at the UN Climate Change Conference COP25 in Madrid last month suggests transformational actions and milestones towards carbon neutrality in key areas, such as energy, industry, transport, human settlements, water, land use, and resilience to the inevitable effects of climate change.

As the efforts for protecting and improving the environment escalate, UN’s Secretary General António Guterres gathered leaders on 23 September for the Climate Action Summit with concrete, realistic plans to enhance their nationally determined contributions by 2020, in line with reducing greenhouse gas emissions by 45% over the next decade, and to net zero emissions by 2050.

Many climate experts predict that the next ten years are crucial, thus our actions within this decade will decide whether we are able to reach the ambitious goals of the Paris agreement limiting the global temperature increase to 1.5°C until 2050. Yet, recent studies show that G20 nations are currently failing to reach their climate goals.

The UN Climate Summit (COP 25) in Madrid ended on Sunday after two weeks of intense negotiations, with the UN Secretary General expressing disappointment for the overall result, despite some progress made by the private sector and regional governments.