Today, the Energy Transitions Commission (ETC) set out what measures nations and businesses could take in the 2020s to comply with the Paris Accord and limit global warming to 1.5 ° C.

Current national decarbonisation commitments (so-called “nationally determined contributions”) made under the Paris climate agreement fall far short of the requirements to prevent global warming from overheating by 1.5 ° C above pre-industrial levels.

Reaching this target would require an extra 17 to 20 Gt in CO2 reductions and a 40% reduction in methane emissions.

But the UN’s latest Intergovernmental Panel on Climate Change (IPCC) report Keeping 1.5 ° CAlive: Closing the Gap in the 2020s details technically feasible measures that could close the gap to a 1.5º C path, and that could be catalyzed through agreements at next November’s COP26 climate summit in Glasgow.

Commitments from the world leaders in steel, cement, shipping and aviation could allow an additional 1 Gt per year of emission reduction potentially achieved by accelerating electricity generation.

In order to achieve that the financial backing of the wealthy industrialised countries is fundamental and should be a priority use of committed climate finance.

Sumant Sinha

Sumant Sinha is an Indian businessman. He is the Chairman and Managing Director of ReNew Power, India’s Largest renewable power producer and renewable energy unicorn, (wikipedia)

Alok Sharma

Alok Sharma is a British politician serving as President for COP26 and Minister of State at the Cabinet Office since 2021. (wikipedia)

ReNew Power

ReNew Power is India’s largest renewable energy company by operational capacity. Based in Gurgaon, Haryana, it has an asset base of over 10 GW, with around 5 GW operational. (wikipedia)

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Renewable energy

Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, (wikipedia)