Governments and private sector leaders have unveiled initiatives aimed at reducing planet-warming emissions at the UN Climate Action Summit in New York.
Key pledges made:
The Climate Investment Platform was officially announced. It will seek to directly mobilize US$ 1 trillion in clean energy investment by 2025 in 20 Least Developed Countries in its first year.
The “Three Percent Club”, a coalition of countries and businesses will work to drive a three percent annual global increase in energy efficiency.
The Cool Coalition will set ambitious national cooling targets for its members with the potential to avoid 1 degree of warming by 2050.
65 countries and major sub-national economies such as California committed to cut greenhouse gas emissions to net zero by 2050.
France announced that it would not enter into any trade agreement with countries that have policies counter to the Paris Agreement.
India pledged to increase renewable energy capacity to 175gw by 2022 and committed to further increasing to 450GW, and announced that 80 countries have joined the International Solar Alliance.
Russia announced that they will ratify the Paris Agreement, bringing the total number of countries that have joined the Agreement to 187.
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