Teresa Ribera, Vice-President of the Government of Spain, and Fatih Birol, Executive Director of the International Energy Agency (IEA), announced today that they will host an international climate and energy summit in Madrid on 2 October 2023 focused on the urgency of accelerating the global clean energy transition. This important event will take place during the Spanish Presidency of the Council of the European Union. It will bring together energy and climate ministers, and industry, finance and civil society leaders from around the world just weeks before the COP28 Climate Change Conference – with the purpose of building a grand coalition to accelerate momentum towards reaching the Paris Agreement goal of limiting global warming to 1.5 °C. To do so, according to the IEA, the world’s emissions need to peak before 2025 and then fall rapidly until they hit net zero by 2050 or earlier. It is time to work together to create enabling ecosystems to decarbonise our economies and societies. As the largest source of the emissions that cause global warming, the energy sector must take a greater leadership role and step forward with strong policies and tangible actions to drive the transition to clean energy that the world needs. This event provides global decision-makers with an opportunity to send a strong signal to the world on our common future, to reiterate that the 1.5 °C goal is alive and achievable, and to take a firm line and strong message to the Global Stocktake process culminating at COP28 in November.
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.