Fossil fuel plans undermine pledges un7/25/2023 ![]() Meanwhile, a so-called master plan to accelerate the decarbonization of five major sectors – power, road transport, steel, hydrogen, and agriculture – was also presented this Friday by the COP27 Presidency. You can learn more about this here.Īn electric vehicle at charges in a garage. The key recommendation is indeed “a circular carbon economy”, based on carbon reduction, capture reuse and removal, as well as a push for innovation and research to tackle the challenge presented by the need for high temperatures and chemical processes required that are currently most efficiently reached by burning fossil fuels.Īnother key recommendation is the creation of industrial clusters to “share emissions” and reduce costs, creating green and sustainable jobs. Solutions must be implemented without delay” the Executive Secretary of the UN European Economic Comission, Olga Algayerova, said in a statement. “Adopting circular economy approaches to help reduce needs for new materials will be crucial in this respect. ![]() The study singles out the cement, iron and steel, and chemicals and petrochemical industries as the most significant emitters and identifies key practical measures for them to transition to a carbon-neutral economy. It requires a radical change in our current economic model which is focused on growth at all costs.Īs ‘Decarbonization Day’ got underway at COP27 in Sharm el-Sheikh, a new report from the United Nations underscored the importance of rapid and large-scale action to tackle greenhouse gas emissions from the energy-intensive countries, which account for about 25 per cent of the total CO2 emissions globally and 66 per cent in the industrial sector. Decarbonizing the industryĭecarbonization is shorthand for finding alternative ways of living and working that reduce emissions and capture and store carbon in our soil and vegetation. Eighty per cent of the investment must be upfront, because you have to buy the solar panels and the battery storage and the installation, and that’s costly”, he highlighted, adding, however, that the running costs are zero because there is no need to buy any oil or diesel to power a renewable energy station.įossil fuel power plants are one of the largest emitters of the greenhouse gases that cause climate change. Renewable energy investments by their nature are very capital intensive. Hart, who is from the small island nation of Barbados and has acted as a negotiator in the past during several UN Climate Conferences (COPs), underscored that the focus should be on helping remove the barriers that developing countries face to accelerate their transition to renewables. But of course, developing countries, especially the poorest, will need assistance to make the transition to a renewable energy future,” he explained. “There is no argument around the science at all. To meet the goals of the Paris Agreement and prevent the worst impacts of the climate crisis, the world must abandon fossil fuels as quickly as possible, Selwin Hart, Special Adviser to the Secretary-General on Climate Action told UN News today.
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