COP26 President and Secretary of State for Business, Energy and Industrial Strategy Alok Sharma will announce a series of new climate commitments today at the launch of Climate Week NYC, which runs alongside the UN General Assembly.
- 22 regions, 452 cities, 1,128 businesses, 549 universities and 45 of the biggest investors have now joined the Race to Zero, the global campaign for a zero-carbon world, including Facebook and Ford
- UK Government launches the COP26 Energy Transition Council, which brings together political, financial and technical leaders in the global power sector to accelerate the transition to clean energy
- £50 million UK Government funding invested in a new Clean Energy Innovation Facility, which aims to support innovative clean technologies in developing countries
COP26 President and Secretary of State for Business, Energy and Industrial Strategy Alok Sharma will announce a series of new climate commitments today at the launch of Climate Week NYC, which runs alongside the UNGA.
He will confirm that major new companies have joined the Race to Zero campaign to accelerate net zero commitments from businesses, cities, regions and investors, including Ford, the first US automotive company to join; LafargeHolcim, the world’s largest cement company; and global social media company Facebook. Their decision demonstrates the clear momentum behind the shift towards a decarbonised economy.
Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy, Lord Callanan, will also be speaking at a special event on Monday, about the next decade of clean energy cooperation.
Lord Callanan will announce the launch of the COP26 Energy Transition Council to bring together leaders in the power sector across politics, finance and technology to speed up the transition from coal to renewables in developing countries.
The UK will chair the Council alongside the co-chair Damilola Ogunbiyi, the UN Secretary General’s Special Representative for Sustainable Energy for All (SEforALL). Together, members will drive the shift to green energy ahead of COP26.
The launch of the Council comes as the UK Government announces a £50 million investment in a new Clean Energy Innovation Facility (CEIF) under the UK’s International Climate Finance.
This funding will help developing countries more easily access innovative clean energy technologies to foster clean growth, focusing on key sectors such as industry, cooling, smart energy and storage.
Alok Sharma, COP26 President and UK Secretary of State for Business, Energy and Industrial Strategy, said:
Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All (SEforALL), said:
Patricia Espinosa, UNFCCC Executive Secretary, said: