Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Wind industry demands action from world leaders ahead of COP26 climate summit By: Green Power RSS Feed October 19, 2021 at 05:56 AM EDT More than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month. Follow @EngelsAngleMore than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month.Vestas, Siemens-Gamesa, Goldwind, Enel, and EDP Renewables are among the signatories of a manifesto by the wind energy sector that was released at the BNEF London summit, led by the Global Wind Energy Council."Governments must respond decisively to the current climate emergency to ensure a viable future for current and future generations," GWEC CEO Ben Backwell said. "Achieving a rapid transition from fossil fuels is a key part of the solution."The group said that current growth rates of wind energy installations are falling behind net-zero goals -- a pace that puts the world on track for 43% of the wind required by 2050, based on projections by the International Energy Agency and the International Renewable Energy Agency.In the manifesto, the companies and industry advocates listed eight action items for world leaders, including:Increase wind power ambitionCommit to rapid phase out of coal Design and implement energy markets for the futureImplement streamlined permitting schemes for renewablesInitiate plans to rapidly build out clean energy grids and charging stations for electric vehiclesDevelop cohesive and inclusive policies which dedicate public resource to the people-centered shift to a net zero economyAlign national and regional finance flows with benchmarks for a net zero pathwayAdvance voluntary cooperation on carbon pricing"We already have the tools and the technology we need to tackle climate change," said Rebecca Williams, director of COP26 at the GWEC. "What we don't have yet is the unprecedented political will we need to make this happen."Last week, the IEA called for "unmistakable" action by world leaders to reduce emissions ahead of the COP26 Climate Change Conference, warning that the global transition to renewable energy isn't happening quickly enough to meet net-zero goals.The IEA has released its World Energy Outlook 2021 which details a global rebound in coal and oil use in 2021, as well as the second-largest annual increase in CO2 emissions in history. The IEA analyzed current government net-zero emissions pledges, finding demand for fossil fuels would peak by 2025 and global CO2 emissions would fall by 40% by 2050.Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this Related Stocks: Infrastructure and Energy Alternatives Inc Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Wind industry demands action from world leaders ahead of COP26 climate summit By: Green Power RSS Feed October 19, 2021 at 05:56 AM EDT More than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month. Follow @EngelsAngleMore than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month.Vestas, Siemens-Gamesa, Goldwind, Enel, and EDP Renewables are among the signatories of a manifesto by the wind energy sector that was released at the BNEF London summit, led by the Global Wind Energy Council."Governments must respond decisively to the current climate emergency to ensure a viable future for current and future generations," GWEC CEO Ben Backwell said. "Achieving a rapid transition from fossil fuels is a key part of the solution."The group said that current growth rates of wind energy installations are falling behind net-zero goals -- a pace that puts the world on track for 43% of the wind required by 2050, based on projections by the International Energy Agency and the International Renewable Energy Agency.In the manifesto, the companies and industry advocates listed eight action items for world leaders, including:Increase wind power ambitionCommit to rapid phase out of coal Design and implement energy markets for the futureImplement streamlined permitting schemes for renewablesInitiate plans to rapidly build out clean energy grids and charging stations for electric vehiclesDevelop cohesive and inclusive policies which dedicate public resource to the people-centered shift to a net zero economyAlign national and regional finance flows with benchmarks for a net zero pathwayAdvance voluntary cooperation on carbon pricing"We already have the tools and the technology we need to tackle climate change," said Rebecca Williams, director of COP26 at the GWEC. "What we don't have yet is the unprecedented political will we need to make this happen."Last week, the IEA called for "unmistakable" action by world leaders to reduce emissions ahead of the COP26 Climate Change Conference, warning that the global transition to renewable energy isn't happening quickly enough to meet net-zero goals.The IEA has released its World Energy Outlook 2021 which details a global rebound in coal and oil use in 2021, as well as the second-largest annual increase in CO2 emissions in history. The IEA analyzed current government net-zero emissions pledges, finding demand for fossil fuels would peak by 2025 and global CO2 emissions would fall by 40% by 2050.Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this Related Stocks: Infrastructure and Energy Alternatives Inc