“Climate Breakthroughs Summit” and “Race To Zero Campaign”

What is the News?

The Climate Breakthroughs Summit is being held virtually.

About Climate Breakthroughs Summit:
  • Climate Breakthroughs Summit is a collaboration between the following. World Economic Forum, Mission Possible Partnership, United Nations Climate Champions and the United Kingdom Climate Change Conference (COP26) Presidency.
  • Aim: It aims to demonstrate progress in critical sectors of the global economy. This includes sectors such as steel, shipping, green hydrogen and nature. It also aims to discuss the breakthroughs needed to achieve a net-zero world in time.
Key highlights of the summit:
  • During the summit, the United Nations made a call for coordinated action to secure global net-zero emissions. UN also demands to fulfil the goal of limiting global warming to 1.5 degrees Celsius compared to pre-industrial levels by 2050.
  • Moreover, Maersk, the world’s largest container shipping line and vessel operator, joined the Race to Zero campaign during the summit.
About Race To Zero Campaign:
  • Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery. As the recovery will prevent future threats, creates decent jobs and unlocks inclusive, sustainable growth.
  • Objective: The campaign is committed to halving its emissions by 2030. This is in line with achieving the long-term goal of full decarbonisation under the Paris Agreement, 2015.
  • Coalition Members: The campaign mobilises support of 708 cities, 24 regions, 2,360 businesses, 163 investors, and 624 higher education institutions to move towards zero-carbon recovery for a sustainable future.

Note:

  • According to a World Meteorological Organization report, there is a 40% chance of the annual average global temperature temporarily reaching 1.5 degrees Celsius in at least one of the next five years. Apart from that, these odds will increase with time.
  • According to a Nature report, natural climate solutions have the potential to provide a third of the climate mitigation. This is to reach a 1.5- or 2-degree pathway by 2030.

Source: Down To Earth

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