The UN wants to achieve zero emissions by 2050. Several large companies have already joined this arrangement.
Business leaders, city authorities, and investors were urged to support the UN campaign to reduce greenhouse gas emissions to zero by 2050. Race to Zero is part of a diplomatic project that will be the main project of the Glasgow International Climate Change Summit in November 2021.
According to UN estimates, about a third of world GDP already adheres to the principles of “Racing to zero.” UN climate chief Patricia Espinosa warned that the coronavirus pandemic should not lead to delays in taking measures to reduce emissions.
“We must act now to avoid the tragedy caused by constant climate change. It is in our power. If coronavirus taught us anything, it is that society can, when necessary, unite to solve a global problem, ”she added.
Rolls-Royce, one of the world’s largest aircraft engine manufacturers, has already joined the campaign. “Our business has historically been associated with fossil fuels, but in the past few years, we have shifted the balance towards a transition to zero carbon emissions. We are probably best known in aviation, and this is one of the most difficult sectors for decarbonization. But so we want to make ourselves more competitive in the future, ”said CEO Warren East.