Governments announce plan to accelerate decarbonisation of five major sectors –

Countries have launched a package of 25 new cooperative actions, delivered by COP28, to accelerate decarbonization in five key sectors: electricity, road transport, steel, hydrogen and agriculture.

Under the Breakthrough Agenda, countries accounting for more than 50% of global GDP have set sector-specific “priority actions” to achieve decentralization in electricity, transport and steel, according to a statement released by the United Nations Framework Convention on Climate Change (UNFCCC) on Friday. carbon, expand low-emission hydrogen production and accelerate the transition to sustainable agriculture through COP28.

These measures aim to reduce energy costs, rapidly reduce emissions and promote food security for billions of people around the world.

Actions under each breakthrough will be implemented through a coalition of committed countries from the G7, European Commission, India, Egypt, Morocco, and others, supported by key international organizations and initiatives, and led by key government caucuses.

These efforts will be enhanced through private financing and leading industry initiatives, and more countries will be encouraged to join.

Priority actions include the following agreement: “Develop a common definition of low- and near-zero-emission steel, hydrogen and sustainable batteries to help guide billions of pounds in investment, procurement and trade, ensuring credibility and transparency.

“Accelerate the deployment of necessary infrastructure projects, including at least 50 large-scale net-zero emission plants, at least 100 hydrogen valleys and a package of major cross-border grid infrastructure projects.

“Set a common target date to phase out polluting cars and vehicles in line with the Paris Agreement. Countries, businesses and cities will announce major support for 2040 globally and 2035 for key market dates on the Solutions Day.

“Use billions of dollars in private and public procurement and infrastructure spending to stimulate global demand for green industrial products.

“Systematic strengthening of financial and technical assistance to developing countries and emerging markets to support their transformation underpinned by a range of new financial measures, including the world’s first major dedicated sectoral transformation programme under the Climate Investment Fund.

“Promoting investment in agricultural research, development and demonstration (RD&D) to develop solutions to the challenges of food insecurity, climate change and environmental degradation.”

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COP27: Governments announce plans to accelerate decarbonisation of five key sectors

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