It was recently reported that more than 40 world leaders would be working together in order to boost green technologies by imposing worldwide standards and policies.
Indeed, this was announced last Tuesday at the climate summit COP26 in Glasgow. It was then decided that five high-carbon sectors will be first targeted, including agriculture and electricity, so as to encourage global private investment in low-carbon technologies.
The Glasgow Breakthroughs initiative was launched by the UK Prime Minister Boris Johnson, alongside representatives from the USA, India, EU, and China. The signatories altogether represent more than 70% of the world’s economy. They aim to reach greener and cleaner technologies through new standards and policies.
Moreover, the initiative hopes to help draw trillions of dollars in private finance for cutting emissions.