7 climate action highlights to remember before COP26

  • Date: 04-Oct-2021
  • Source: Saudi Gazette
  • Sector:Oil & Gas
  • Country:Middle East
  • Who else needs to know?

7 climate action highlights to remember before COP26

NEW YORK — A September to remember, a pivotal month for climate action commitments. From the United Nations General Assembly week to the final pre-COP meeting, last month was an important time to build momentum before the decisive UN Climate Conference COP26 in early November. UN News has put together a list of the seven most important climate action-related highlights you should know about. 1. Billions planned for clean energy More than $400 billion in new finance and investment was committed by governments and the private sector during the UN High-level Dialogue on Energy, the first leader-level meeting on energy under the auspices of the UN General Assembly in 40 years. More than 35 countries, ranging from island states to major emerging and industrialized economies, made significant new energy commitments in the form of Energy Compacts. For example, the No New Coal Compact includes Sri Lanka, Chile, Denmark, France, Germany, the UK, and Montenegro. The countries involved in the coalition have committed to immediately stop issuing new permits for coal-fired power generation projects and cease new construction of coal-fired power generation, as of the end of 2021. Several new partnership initiatives were announced during the event, aiming to provide and