WASHINGTON (July 27, 2015)— Executives from 13 major U.S. corporations including Apple Inc., Goldman Sachs Group Inc., and Berkshire Hathaway Energy Co. joined White House officials today to announce at least $140 billion in low-carbon investments from the private sector. WRI has worked with many of these companies on climate and energy issues through its Corporate Consultative Group and other working groups.
In one of the least aggressive climate action plans of any developed country to date, Japan announced its commitment to reduce its emissions 26 percent below 2013 levels by 2030.
Action from the world's two largest emitters, which together account for 38 percent of global greenhouse gas emissions, should inspire greater climate commitments from other nations.
As Karl Hausker noted in a Congressional testimony, the United States can not only achieve its goal of reducing emissions 26-28 percent by 2025—doing so will actually create economic and quality-of-life benefits.
The joint statement goes beyond research and development and embraces an unprecedented accord on climate targets, where both countries committed to increase their share of renewables by 20 percent by 2030.
The world’s largest emitter plans to peak its emissions around 2030 and increase its share of non-fossil fuels in energy consumption to around 20 percent by the same year. The country's new climate plan also builds on these commitments with additional announcements on carbon intensity, forests, adaptation and more.
WASHINGTON (JUNE 30, 2015)– Earlier today, Presidents Barack Obama and Dilma Rousseff committed to intensify collaboration between their two countries and work together to secure an ambitious climate agreement in Paris. Brazil committed to restore and reforest 12 million hectares of forests by 2030, increase the share of renewables in its energy mix of 28-33% by 2030, and improve low-carbon agricultural and grazing land practices among other measures.
WASHINGTON (JUNE 30, 2015)— China formally submitted its contribution to United Nations climate talks today. The pledge commits China to a peak in emissions by 2030, an increase in the share of non-fossil fuels in its energy mix by about 20 percent by 2030, and a reduction in carbon dioxide emissions per unit of GDP by 60-65% by 2030, from 2005 levels.
This week Pope Francis issues his long awaited Encyclical on Climate Change, which should galvanize support for climate action for the Catholic community and well beyond.