UN CLIMATE ACTION SUMMIT, 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.