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Countries set out 12-mth plan to speed up industry emission cuts
Countries representing more than half of the global economy on Friday specified the steps they will take to help accelerate the low-carbon transition by cutting emissions in sectors including power, transport and steel. Announced at the COP27 climate talks in the coastal Egyptian resort of Sharm el-Sheikh, the United States, Germany, Japan and Canada were among those to back a set of 25 "Priority Actions" that they aim to unveil by next year's talks in Dubai. Coalitions of companies will join together for each sector, led by a core group and reinforced by finance and industry groups also working on the same problems. "Radical collaboration is required to limit global warming to 1.5°C.," "The Breakthrough Agenda is the largest ever collaborative effort to drive down the cost of cutting emissions across power, transport, steel, hydrogen and agriculture, in line with the 1.5°C trajectory." Thirteen countries had signed up to acclerate action in agriculture, led by Britain and Egypt, for example by increasing investment to generate solutions to mitigate climate change and adapt to its impacts. Source: Investing.com
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