Today’s Key Announcements
The
Breakthrough Agenda, launched by a coalition of 45 world leaders, is an unprecedented international clean technology plan to help keep 1.5°C in reach. It provides a framework for countries and businesses to join up and strengthen their actions every year in key emitting sectors, through a coalition of leading public, private and public-private global initiatives.
The
Carbon Dioxide Removal 2030 Breakthrough states that by 2030,
carbon dioxide removals are responsibly scaled to remove 3 billion tonnes of CO2 per year, with another 500 million tonnes per annum being stored for at least 100 years. In addition, the
Carbon Removals at COP is a virtual online pavilion for events, daily commentary, news and thinking during COP27 and beyond. It is a collaborative effort composed of volunteers, NGOs, and practitioners from across the carbon removal ecosystem.
Launch of the Africa Net Zero Concrete Group, which aims to accelerate the decarbonization of the cement sectors in Africa by exchanging lessons learned, supporting companies in their net zero trajectories via the Race to Zero and accelerating the establishment of net zero country sector roadmaps in African countries. The goal for next year is to establish these in up to ten African countries.
The
Green Cement Technology Tracker is published in order to ensure more transparency and accountability by
LeadIT and its partner, the Global Cement and Concrete Association
GCCA. The aim is to transparently track public announcements of low carbon investments in the cement industry.
The launch of the Climate Investment Funds’ (CIFs) new Industry Transition Programme, the world’s first large scale dedicated finance programme for developing country industry transitions. Plans include a $410m green hydrogen investment in Egypt led by the European Bank for Reconstruction & Development (
EBRD) and a World Bank project to develop a $1.6bn green hydrogen global programme.
Launch of the new
Net Zero Playbook provides companies with a set of practical solutions to address their most complex emissions challenges. It outlines what is possible, how to get started, and provides case studies demonstrating how industry leaders are already taking action across key decarbonization levers. It’s developed in partnership between The Consumer Goods Forum, its members, and Accenture.
The
Energize program has grown to include 15 companies, and 364 supplier companies have registered. Energize is a program working to decarbonize the
pharmaceutical industry’s value chain by helping them to accelerate their renewable energy procurements. This growth accounts for 22.1 TWh of electricity demand. This progress falls in line with the focus on implementation at COP27.
Launch of the
Ambition Loop for the Ocean Economy Report. The
Ambition Loop is a positive feedback loop in which bold government policies and private sector leadership reinforce each other, and together take climate action to the next level. By activating the
blue ambition loop,
it’s hoped this can lead to further ocean-climate actions. The report also provides a framework for a system approach to ocean-climate action through the “Blue Breakthroughs.”
Launch of the
African Alliance for Sustainable Cities and Built Environment. The Alliance supports the
Africa Manifesto for Sustainable Cities & the Built Environment, which sets out policies related to energy, water, materials, finance and infrastructure that African business leaders, city and government officials must support to deliver a socially- and economically-inclusive built environment for everyone across the continent.
