HomeCarbon NewsCOP26 President Says Largest Countries Need Drastic Carbon Plans

COP26 President Says Largest Countries Need Drastic Carbon Plans

Carbon Emissions are continuing to rise globally and the largest emitters are slowly committing to plans to cut carbon emissions. The President of COP26, Alok Sharma, said these large emitters must drastically reduce their emissions. According to Sharma, these countries should release carbon plans sooner rather than later to avoid the damage accrued from climate change.

Extreme weather resulting from climate change is already becoming increasing frequent. Wildfires are ravaging across the world while sea levels are rising among increasing temperatures.

Sharma’s concerns come as the ICPP has released a report revealing significant action is required to combat climate change. In a statement, Sharma said “If ever there was going to be a wake-up call to the world when it comes to climate change, this report is it.”. The Paris agreement’s goal of 1.5 degrees Celsius above pre-industrial temperatures is in danger of not being obtained. Sharma mentioned there is still hope to stop the damage being done, but there is still a long way to go.

Sharma is targeting G20 countries because 80% of global carbon emissions are emitted from G20 countries. G20 countries must drastically reduce their carbon emissions. As a result of drastic plans, we could see a major shift in the fight against climate change.

Most Popular
LATEST CARBON NEWS

COP29 Breakthrough: UN-Backed Global Carbon Market Takes Shape

COP29, held in Baku, made a major breakthrough in global climate action during its opening day. Nearly 200 governments agreed on a framework under...

U.S. DOE Greenlights Oklo’s First Commercial Nuclear Fission Plant at Idaho

Oklo, the California-based nuclear technology company recently announced that it has received clearance from the U.S. Department of Energy (DOE) and Idaho National Laboratory...

China and Indonesia Bolster Ties with $10B Deal in Strategic Sectors. How will it Impact Indonesia’s Nickel Industry?

China and Indonesia partnered for a series of business agreements worth $10 billion during the Indonesia-China Business Forum in Beijing on Sunday. This high-level...

The G-20’s $1.1 Trillion Fossil-Fuel Subsidy and Carbon Pricing Initiatives

As the world gears up for the upcoming UN climate summit, COP29, in Baku, Azerbaijan, the G-20 governments face the challenge of crafting more...
CARBON INVESTOR EDUCATION

What is COP29 and Why Is It Hailed as The “Finance COP”?

As climate change worsens, the UN’s 29th annual climate conference, a.k.a. COP29, taking place from November 11 to 22, 2024, in Baku, Azerbaijan, is...

Carbon Credits vs. Carbon Offsets

Carbon Credits vs. Carbon Offsets: What's the Difference? At their core, both carbon credits and carbon offsets are accounting mechanisms. They provide a way to...

Who Verifies Carbon Credits?

Carbon credit verification is a rigorous process that involves various steps to ensure the legitimacy of the credits.

The Ultimate Guide to Understanding Carbon Credits

Everything you need to know about carbon credits, voluntary and compulsory carbon markets, and carbon investment...