Paris Agreement News
Governments will push for agreement on how to help vulnerable countries deal with global warming Developing countries want more money to help them adapt to higher temperatures that have caused more frequent droughts, floods and wildfires Developed nations have encouraged finance to go towards cutting emissions
COP26 President Alok Sharma said that an agreement on coal phaseout is one of the top goals of the summit The UK govt announced 23 new countries made commitments on Thursday to phase out coal power China, India and the US, however, did not sign on to the Global Coal to Clean Power Transition Statement
The US return to the Paris agreement became official Friday, almost a month after President Joe Biden told the United Nations that America wants back in. "A cry for survival comes from the planet itself," Biden said in his inaugural address. "A cry that can't be any more desperate or any more clear now." Biden signed an executive order on his first day in office reversing the pullout ordered by his predecessor, President Donald Trump.
India’s ambitious plans to meet its climate targets under the Paris Agreement represent about $3.1 trillion worth of investment opportunities by 2030 in sectors including renewable energy, green buildings, transport infrastructure, electric vehicles, and climate-smart agriculture, says a new IFC report on Thursday.