LONDON: England and India launched a plan on Tuesday to increase the connection between world electricity networks to help accelerate the transition of the world to greener energy.
Launched at COP26 climate negotiations in Scotland, the plan, nicknamed “Green Grids Practicit – One Sun One World One Grid”, supported by more than 80 countries, the British government said in a statement.
This initiative aims to make renewable energy is the most affordable and reliable choice for all countries in 2030 and is an important contribution to the purpose of the world to limit global warming at 1.5 degrees Celsius above pre-industrial norms.
“If the world must move to a clean and green future, this interconnected transnational network will be a critical solution,” said Prime Minister Narendra Modi in a statement.
The plan formed an important part of a broader plan to accelerate affordable ‘green’ technology rolls, covering more than 70% of the global economy and ‘breakthrough agenda’.
Announcing the five first goals of the plan, nicknamed ‘Glasgow Breakthroughs’, British Prime Minister Boris Johnson marked a high-level target to encourage clean power, zero emissions of autos, near-zero emissions steel, hydrogen low carbon and tough agriculture.
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“By making the most affordable, accessible, and interesting clean technology, the default go-into what is currently the most polluting sector, we can cut emissions right throughout the world,” Johnson said.
Among other plans to be announced, the Global Alliance Energy for People & Planet was launched with an initial $ 10 billion of philanthropy and development banks to support energy transitions in Global South.
The United States and the United Arab Emirates, meanwhile, launched AIM4C, to encourage innovation in sustainable agriculture, supported by $ 4 billion in additional investments.
To help reduce the cost of clean technology and make the market in all things ranging from green hydrogen and sustainable aviation fuel, the breakthrough energy catalysts program will aim to collect $ 30 billion, the statement said.