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Biden faces big sales challenge in wake of climate summit

Biden faces big sales challenge in wake of climate summit
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Climate concerns

Climate concerns April 25, 2021 US President Joe Biden has so far done well by rejoining the Paris Agreement. This was one of his electoral pledges which he has fulfilled without much delay. Now he is planning to lead concrete measures to tackle emissions of greenhouse gases after the virtual Leaders’ Summit on Climate that took place on April 22-23. Surprisingly, Pakistan was not among the first countries that Joe Boden invited to participate in the summit to which courtiers as small as Bhutan and Jamaica received an invitation to participate. But then perhaps after a realization that Pakistan is not only the fifth largest country in the world in terms of population with over 220 million people, it is among the worst-hit countries by climate change as well; the Biden Administration sent an invitation to Pakistan. It is worth noting that Pakistan is also vice-president of the UN Framework Convention on Climate Change and a member of the Intergovernmental Panel on Climate Change

North Sea deal sets ambitious course for net-zero targets

North Sea deal sets ambitious course for net-zero targets By Ian Forsyth © Shutterstock / Opsorman Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up The North Sea Transition Deal sets an ambitious course to meet the government target of net-zero carbon emissions by the middle of this century. It involves an investment of £16 billion by 2030, and the agreement between the UK Government and Britain’s oil and gas industry is the first of its kind by any G7 country. It has been described as “an example of how oil and gas-producing countries can move fairly towards a lower-carbon future in a way which supports the economy, jobs, and energy communities”.

New promise on climate by world leaders: A hope in the horizon

The climate change summit of 40 world leaders, spearheaded by the US President Joe Biden during April 22-23, 2021, amidst the concern for achievability of the climate ambitions is a significant step forward. A number of countries announced their new targets of higher reduction of greenhouse gas (GHG) emissions, while the others reiterated their commitments. The USA has made commitments to cut GHG emissions by at least 50-52 percent (from its 2005 levels) by 2030, Japan by 46 percent in 2030 (compared to the levels of 2013), and Canada by 36 percent from its 2005 levels. Ahead of the summit, the EU committed to cut GHG emissions by at least 55 percent by 2030 (compared to 1990 levels) and the UK pledged to reduce carbon emissions by 75 percent by 2030. On the other hand, China repeated its commitment to achieve carbon neutrality by 2060. South Korea plans to stop funding overseas coal development.

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