Across the two weeks, non-State actors offered a wide range of actions, announcements, and events across thematic areas. This included the launch of the African Cities Water Adaptation Fund, an African-led insurance commitment to provide cover for up to USD 14 billion in climate losses, and the Sharm-El-Sheik Adaptation Agenda in partnership with the COP27 Presidency.
This is how we can achieve net zero by 2050, according to the UN
If everyone had access to clean, affordable energy, the road to a carbon-neutral world – net zero emissions by 2050 – would be faster.
The SDG7 Global Roadmap outlines how the world can move to clean energy by 2030, as part of the journey to reducing greenhouse gas emissions to net zero by 2050.
Clean energy is energy from sources that don’t pollute the atmosphere, like solar or wind power.
“Close to 760 million people still lack access to electricity,” UN Secretary-General António Guterres said at the launch of the Global Roadmap. “Some 2.6 billion people lack access to clean cooking solutions. And how we produce and use energy is the main cause of the climate crisis.”
Four years from now – by 2025 – the goal is that 500 million more people will have access to electricity, while 1 billion more people will be able to access clean cooking solutions.
To achieve this, $35 billion and $25 billion needs to be invested into improving access to electricity and clean cooking, respectively.
By 2025, the roadmap also calls for subsidies for fossil fuel consumption to be re-directed towards renewable energy and energy efficiency.
The world’s annual investment in renewables and energy efficiency must double over the same time frame.
The UN also wants to see 30 million jobs created in renewable energy and energy efficiency by 2025, doubling to 60 million jobs by 2030.
“These will help ensure an inclusive, green recovery by investing in poverty reduction, health, education and social protection,” the UN says.
Net zero means no new coal
Before this – by the end of 2021 – the roadmap calls for no new coal power plans to be in the pipeline.
By 2030, the roadmap’s goal is that coal power plants be phased out completely for member countries of the Organization for Economic Co-operation and Development (OECD), and phased out globally by 2040.
By 2030, global annual investment into renewable energy, energy efficiency and renewable energy capacity also needs to triple, it says.
The Global Roadmap aims to achieve Sustainable Development Goal 7 – one of 17 Sustainable Development Goals established by the UN General Assembly in 2015. It pledges to “ensure access to affordable, reliable, sustainable and modern energy for all” by 2030.
Achieving the milestones laid out in the roadmap would enable the world to reach net-zero emissions by 2050, says the UN.
Currently, the deployment of renewable energy is lagging, especially in transport, industry, heating and cooling, it adds.
Africa Carbon Markets Initiative launched to dramatically expand Africa’s participation in voluntary carbon market
The new Africa Carbon Markets Initiative (ACMI), which was inaugurated today at CO27, aims to support the growth of carbon credit production and create jobs in Africa.
Africa can lead the world in limiting emissions, drive climate restoration and orient Africa towards its strengths which translate into major new segments of economic opportunity, writes Jack Kimani, Founding CEO of the Climate Action Platform for Africa (CAP-A).