AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. The goal is to reduce GHG emissions by 43% (relative to the 2019 levels) by 2030, and achieve ' net zero ' by 2050. To implement clean energy technologies by 2030 and reach net-zero emissions by 2050, USD 4 trillion will be needed per year.The declaration did not commit to a phase-out of all polluting fossil fuels, including oil and gas. Deep cuts at their end could help limit global warming to 1.5 degrees Celsius above the pre-industrial levels by 2100. The money will help developing countries implement their NDCs.

Source: Economic Times September 11, 2023 14:36 UTC