Over sixty countries have expressed their endorsement of a collaborative initiative led by the European Union, United States, and United Arab Emirates, aimed at tripling renewable energy efforts within this decade and transitioning away from coal. In anticipation of the U.N.’s COP28 climate negotiations scheduled for November 30 to December 12 in Dubai, the EU, U.S., and UAE have actively sought backing for the agreement.
The proponents intend to advocate for its inclusion in the final outcome during a gathering of world leaders on December 2nd. Noteworthy participants include major emerging economies such as Nigeria, South Africa, and Vietnam, developed countries like Australia, Japan, and Canada, as well as others like Peru, Chile, Zambia, and Barbados.
A preliminary version of the agreement would obligate signatories to double the global annual rate of enhancing energy efficiency to four percent per year until 2030. Scientists emphasise that both measures – the rapid expansion of clean energy and the swift reduction of CO2 emitting fossil fuels in the power sector, are crucial for averting more severe climate change.
As reported by Reuters, an early demonstration of support for tripling renewable energy and transitioning away from coal is anticipated to generate momentum and establish a positive atmosphere preceding the potentially tense negotiations at the climate conference.
