Net-Zero Export Credit Agencies Alliance (NZECA) launched at COP28

By

The UN-convened Net-Zero Export Credit Agencies Alliance will be the first net-zero finance alliance comprising public finance institutions.

It was launched by eight leading export credit agencies, in partnership with the Innovation and Knowledge Hub at the University of Oxford, Future of Climate Cooperation, and the UN Environment Programme Finance Initiative ( UNEP FI ).

  • The Alliance will be managed by a UNEP FI-based secretariat. 
  • Partners: Oxford University Innovation Hub & Future of Climate Cooperation
  • Advisor: Glasgow Financial Alliance for Net Zero (GFANZ)

NZECA members have committed to: 

  1. Transition all operational and attributable greenhouse gas (GHG) emissions from business activities in alignment with the path to net zero by mid-century, or sooner, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100.
  2. Publish GHG emission data and evidence annually to showcase action in line with the commitments. This includes issuing relevant international or national GHG emissions reporting protocols and climate portfolio alignment methodologies.
Reference:

Comments

Post a Comment

Popular posts from this blog

Russian parliament passed a bill to revoke its ratification of the Comprehensive Test Ban Treaty

By
Relevance:  Russia revokes ratification of nuclear test ban treaty (CTBT) - ICAN But it affirmed that it will  retain its cooperation with the treaty’s verification system and implementing organisation.  Comprehensive Test Ban Treaty: The Comprehensive Test Ban Treaty (CTBT), which opened for signature in 1996, was intended to prohibit all nuclear weapon test explosions. Over 2,000 nuclear tests occurred between 1945 and 1996: the United States (1,000+), the Soviet Union (700+), France (200+), the United Kingdom and China (45 each). As at January 2013, 183 countries had signed the Treaty, of which 158 have also ratified it, including three of the nuclear weapon states (France, the Russian Federation and the United Kingdom). However, 44 specific nuclear technology holder countries must sign and ratify before the CTBT can enter into force. Of these, eight are still missing: China, Egypt, India , Iran, Israel, North Korea, Pakistan and the US. India , North Korea and Pakistan have yet to
Read more

Interstellar space and Interstellar Probes ( Voyager and New Horizons Missions )

By
Interstellar Space: Interstellar space is often called the space between the stars, but more specifically, it’s the region between our Sun’s heliosphere and the astrospheres of other stars. Our heliosphere is a vast bubble of plasma – a gas of charged particles – that spews out of the Sun. This outflow is known as the solar wind. The bubble surrounds the Sun and stretches beyond the planets. Both Voyager spacecraft had to travel more than 11 billion miles (17 billion kilometers) from the Sun in order to cross the edge of the heliosphere. This bubble is moving through interstellar space as the Sun orbits the center of the Milky Way galaxy. As our heliosphere plows through space, it creates a bow wave, like the wave formed by the bow of a ship. Kuiper Belt &  Oort Cloud: The Kuiper Belt is a doughnut-shaped ring of icy objects around the Sun, extending just beyond the orbit of Neptune from about 30 to 55 AU. Similar to the asteroid belt, the Kuiper Belt is a region of leftovers from
Read more

UPSC IAS Daily Current Affairs ( 05 - 12 - 2023 ) by UniFocus IAS

By
Net-Zero Export Credit Agencies Alliance (NZECA) launched at COP28 India Internet Governance Forum IIGF’23 to be held in New Delhi tomorrow JT-60SA: The World's Biggest Nuclear Fusion Reactor starts operation ITER ( International Thermonuclear Experimental Reactor ) Basics of Nuclear Energy ( Articles by The International Atomic Energy Agency ( IAEA )) What is Nuclear Energy? The Science of Nuclear Power  What is Nuclear Fusion? Basic fusion physics Fusion - Frequently asked questions What is Fusion, and Why Is It So Difficult to Achieve? Safety in Fusion Fusion - International Collaboration Nuclear Fusion Basics
Read more