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Your Climate Action Diary - 46

Year 2023 • Week 35 • Anushthatri Sharma
Hi,

Hope you are well !

We are 95 days away from this year's big climate conference "COP 28" to be held in Dubai. The COP conferences are led by UNFCCC - and make for the biggest gathering of global leaders and their climate negotiators.

It is here that the pathway to climate-action, net-zero ambition & their associated government/business policies are debated and agreed upon. 

We accept that climate action has progressed in the last few years (sample the news coming in from Japan and here in Andhra Pradesh), but in all fairness the speed of progress is nearly not enough.

Climate Finance remains among the most serious concerns; and the global leaders are well aware of this. COP 28 could be prove momentous in fixing this gap. Let's hope the national governments are all aligned on this task.

We'll follow the developments emerging from COP28 here on this newsletter, as it progresses - so that you do not have to miss out on anything.

Happy Reading. And yes, stay critical. 

Regards, 
Harish
Team - OnePointFive Tribe

COP28 : UAE Gears Up for Defining Global Climate Action Summit

The UAE is set to host COP28, a pivotal UN climate conference. It is scheduled for November 30 to December 12, 2023. The conference's key goals include accelerating the (i) energy transition, (ii) revamping climate finance, (iii) prioritizing nature and livelihoods, & (iv) ensuring inclusivity. Dr. Sultan Ahmed Al Jaber, UAE's Climate Change Envoy, will preside over the event, with a focus on achieving negotiated outcomes and a comprehensive action plan.

Japan Allocates $14 Billion Aiming at Carbon Neutrality

Japan has proposed to invest over $14 Billion in green initiatives - focusing on local production of storage batteries, semiconductors & hydrogen equipment. The goal is to achieve Carbon Neutrality by 2050, while reducing reliance on global suppliers. Sector-specific investment strategies are expected by year-end, with spending commencing in the 2024 fiscal year, pending government approval.

Andhra Pradesh's ₹25k Crore Boosts For Green Energy

Andhra Pradesh CM Jagan Mohan Reddy has initiated 3 renewable energy projects (in Nandyala district) to generate 5,314 MW via solar, wind & pumped energy storage. The projects will cost a total of Rs 25,850 Crore & provide employment to 5,300 individuals. This project will be developed by Greenko Energies, Arcelor Mittal & Ecoren, besides additional projects with NHPC & SECI.

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