New promise on climate by world leaders: A hope in the horizon

26th Apr, 2021

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The Paris Agreement aims for reaching net-zero emissions so that global temperature increase can be stabilised below 2 degrees Celsius, preferably to 1.5 degrees Celsius. Photo: AFP

The climate change summit of 40 world leaders, spearheaded by the US President Joe Biden during April 22-23, 2021, amidst the concern for achievability of the climate ambitions is a significant step forward. A number of countries announced their new targets of higher reduction of greenhouse gas (GHG) emissions, while the others reiterated their commitments. The USA has made commitments to cut GHG emissions by at least 50-52 percent (from its 2005 levels) by 2030, Japan by 46 percent in 2030 (compared to the levels of 2013), and Canada by 36 percent from its 2005 levels. Ahead of the summit, the EU committed to cut GHG emissions by at least 55 percent by 2030 (compared to 1990 levels) and the UK pledged to reduce carbon emissions by 75 percent by 2030. On the other hand, China repeated its commitment to achieve carbon neutrality by 2060. South Korea plans to stop funding overseas coal development.

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