Although the Covid-19 pandemic has pushed COP26 back to late 2021, the UN’s Climate Ambition Alliance (CAA) has launched a global campaign aiming for net zero greenhouse gas (GHG) emissions by 2050.
Launched via a global webinar, the initiative intends to coordinate commitments by providing comparability and establishing criteria for best practices.
The CAA currently includes 120 nations, 996 businesses, 458 cities, 24 regions, 505 universities and 36 investment groups that have committed to achieving zero net greenhouse gas emissions by 2050.
The UN estimates these ‘actors’, joining 120 countries which have already committed to the 2050 net zero goal, cover nearly 25% of global carbon dioxide emissions and more than 50% GDP.
Nestlé and Rolls-Royce are among the corporations that have already joined the campaign to accelerate a zero-carbon recovery.
In a virtual speech, Alok Sharma, COP26 President and Secretary for Business, Energy and Industrial Strategy, said: “By working together we can absolutely make progress much faster.”
Delighted to have been part of the launch of #RacetoZero.
The 🌍 campaign is a coalition of cities, businesses, regions & investors who are committed to reaching net zero emissions by 2050.
— Alok Sharma (@AlokSharma_RDG) June 5, 2020
#RaceToZero is a radical collaboration between cities, businesses, regions & investors.
— United Nations (@UN) June 5, 2020