World Leaders Commit to Renewable Energy Surge, Address Fossil Fuels and Climate Finance
Renewable Energy Commitment
At the COP28 conference in Dubai, leaders from nearly 120 nations pledged to triple the world’s renewable energy within seven years. This commitment aligns with global efforts to replace fossil fuels and achieve net-zero carbon emissions by 2050.
Clean Energy Advocacy and Challenges
While over half of all nations committed to tripling global renewable capacity and doubling energy efficiency by 2030, major oil producers like Saudi Arabia, Russia, Iran, and China did not join. Clean power advocates stress the need for regulations phasing out dirty energy for a successful transition to solar and wind power.
Oil and Gas Industry Pledges
A pledge by oil and gas companies, responsible for 40% of global production, including Saudi Aramco and UAE’s ADNOC, to decarbonize operations by 2050 was announced. However, critics argue these pledges lack accountability for emissions produced by customers and repackage previous non-binding commitments.
Methane Emission Control
Addressing destructive methane emissions, the US Environmental Protection Agency announced tighter curbs on the oil and gas industry. Methane, responsible for one-third of greenhouse gas warming, prompted discussions between US climate envoy John Kerry and China’s Xie Zhenhua on reducing gas emissions.
Nuclear Energy Controversy
While COP28 emphasized renewables, over 20 nations, led by the US, called for tripling nuclear energy capacity by 2050. This move sparked controversy due to safety risks and nuclear waste disposal concerns, with proponents, including John Kerry, emphasizing its role in achieving carbon neutrality.
Global Climate Finance and Pakistan’s Call to Action
Caretaker Prime Minister Anwaarul Haq Kakar urged the immediate execution of $100 billion commitments for climate finance. He stressed the need for developed nations to lead in raising global mitigation ambition, with expectations high for COP28 to deliver tangible actions, not just words.
As negotiations unfold, Pakistan showcased increased ambitions at COP26, contributing to a comprehensive national adaptation plan and innovative initiatives for climate and nature care. The coming days at COP28 are crucial in determining global efforts toward a sustainable and resilient future.
Source: dawn.com
