Glasgow, 2 November 2021 (TDI): Recently the United Nations Climate Conference COP26 kickstarted in Glasgow, UK. COP26 comes at a time when partners from the private sector to governments from around the world; are coming together. To create an unstoppable force for clean energy.

The historic Paris Agreement has altered the global dialogue on climate change. It is known as the ‘red code of humanity’. The COVID pandemic has put a remarkable focus on climate change to recover through energy-efficient processes embedded in new ways of travel, work, consumption, and production. This is the greatest achievement in the history of mankind.

The Climate crisis defines the prevalent era. Extreme levels of flood danger are expected in recent years. Young people are well aware of the seriousness of the situation. The G20 climate vote, recently published by UNDP and Oxford University found that 70% of young people in G20 countries believe we are in a global climate crisis.

Political, economic, financial, and clean-up cases have never been more powerful. The world is on the cusp of a historic transformation that will shape how communities and economies are empowered. The action group window closes quickly, and progress is not fast enough.

How can the world successfully move to clean energy sources and get out of the climate crisis? In a way that countries can seize this opportunity to accelerate the transformation of power.

It is increasingly acknowledged that the transfer of power is an economic opportunity
It must be confronted; the false notion that power change is a costly burden.

Renewable energy is a competitive alternative to fossil fuels

Solar can now provide the cheapest electricity in history. Wind power production is on track, with prices falling by almost 50 percent over the past decade. Financial markets take advantage of this opportunity.

COP26 comes after two years of unprecedented clean energy commitments
From € 800 billion for Green Deal package in Europe; US commitment to double its contribution to climate change in developing countries; India’s promise to increase renewable energy capacity to 450 GW by 2030; of the US $ 400 billion committed to achieving clean energy and the transfer of power to governments and the private sector as part of the High-Power Negotiation – these commitments, and many others, are not short of reforms. By 2020 clean energy companies for the first time raised more money than fossil fuel companies through public donations.

UNDP research and the recent “Do Not Choose Extinction” campaign

Show that converting mineral fuel subsidies is not just an important first step in reducing carbon emissions; it may be instrumental in reducing global inequality. Governments spend an estimated $ 423 billion a year on fossil fuels.

Primarily, these are for the benefit of the rich. Redesigning these subsidies could pay for the COVID-19 goals for everyone in the world, and is three times the amount needed to eradicate global poverty. UNDP is ready to help countries transform fossil fuels in a socially and economically equitable, prosperous, not poverty-stricken way.

With COP26 and beyond, the world will continue to work tirelessly to help countries seize the opportunity for greater transformation to address climate change and build a better future for all. There is little to do, and people will not accept anything small.

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