Urgent action needed to decarbonise high-emitting sectors: UK statement at Climate Ambition Summit
Statement by Minister Graham Stuart at the UN Secretary-General바카라 사이트™s Climate Ambition Summit on decarbonisation.
We have to speed up decarbonisation to keep 1.5 in reach - while taking people with us.
Since 1990 the UK has cut its emissions by more than any other major world economy, reducing them by 48% while growing its economy by 65%.
We will prioritise economic growth while delivering both our 2030 NDC and net zero by 2050.
As the PM said this morning, we will do this in a way that is both pragmatic and inclusive.
Being practical and delivering real-world change is exactly what the Breakthrough Agenda is about.
Last week바카라 사이트™s report shows the progress being made. But some industries like steel and cement are not moving fast enough바카라 사이트¦
Announcements for near-zero emission steel plants have fallen far short of the 100 megatonnes needed globally by 2030.
For cement, there are only plans for around 6 percent of the near-zero emission capacity needed.
We need urgent action to decarbonise these high-emitting sectors and meet the Paris goals.
That means increasing research and development, scaling up clean technology finance, and boosting the market for green industry.
Finance is critical: the UK is leading with our commitment to deliver £11.6 billion of climate finance. At the G20 we made a pledge of £1.62 billion for the Green Climate Fund.
And I am pleased to announce today that the UK will provide a £160m package to support developing countries and ensure decarbonisation and economic growth go Hand-in-hand.
This funding will support coordinated action towards COP28, working through initiatives including the Clean Energy Innovation Facility and the Mitigation Action Facility.
The Breakthrough report바카라 사이트™s recommendations set out how we can collaborate to make clean technologies more affordable and available 바카라 사이트“ particularly in high-emitting sectors.
For example, a new 바카라 사이트˜Cement Breakthrough바카라 사이트™, led by Canada, is in development - and I바카라 사이트™m pleased to announce that the UK will join that initiative.
We are also proud to co-lead the 바카라 사이트˜Steel Breakthrough바카라 사이트™ with Germany 바카라 사이트“ endorsed by 31 countries.
The Breakthroughs are working with the COP28 Presidency to make decarbonising steel a priority this year 바카라 사이트“ and I hope we can build a stronger global alliance to put our industries on track for net zero.