Renewables are the cheapest form of power today confirms a new report from the International Renewable Energy Agency. Amid climbing fossil fuel prices, investments in renewables in 2021 saves US$55 billion in global energy generation costs in 2022.
Nationally Determined Contributions, or NDCs, are national climate action plans by each country under the Paris Agreement. A country's NDC outlines how it plans to reduce greenhouse gas emissions to help meet the global goal of limiting temperature rise to 1.5C and adapt to the impacts of climate change. The Paris Agreement requires that NDCs are updated every five years with increasingly higher ambition, taking into consideration each country’s capacity.
Some of the world’s poorest countries spend more on debt repayments than on health, education and infrastructure combined, severely hampering their chances of developing their economies. At the Summit of the Future, reducing inequality and improving people’s lives by overhauling the entire international financial system will be high on the agenda.
Can AI governance be harnessed to combat climate change? Read about emerging global policies and their potential for climate action in this piece by the United Nations University.