{"id":8335,"date":"2023-12-03T04:27:04","date_gmt":"2023-12-03T04:27:04","guid":{"rendered":"https:\/\/gbc1.net\/?p=8335"},"modified":"2024-03-21T15:47:49","modified_gmt":"2024-03-21T15:47:49","slug":"cop28-launches-the-global-decarbonization-accelerator","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2023\/12\/03\/cop28-launches-the-global-decarbonization-accelerator\/","title":{"rendered":"COP28 Launches the Global Decarbonization Accelerator"},"content":{"rendered":"\n

[Dubai, 2 Dec 2023] COP28 President Sultan Al Jaber announced the Global Decarbonization Accelerator (GDA) program on the 3rd day of the Summit. The #GDA<\/a> consists of a series of initiatives designed to catalyze the #EnergyTransition<\/a> and to curb emissions of greenhouse gases in order to contain global warming within the 1.5C degree rise.<\/p>\n\n\n\n

The Global Decarbonization Accelerator is based on three pillars: <\/p>\n\n\n\n

    \n
  1. Scale up green energy systems of tomorrow<\/li>\n\n\n\n
  2. Decarbonize energy systems of today <\/li>\n\n\n\n
  3. Reduce methane and other non-carbon GreenHouse Gases (GHG)<\/li>\n<\/ol>\n\n\n
    \n
    \"\"
    Three Pillars of the Global Decarbonization Accelerator (#GDA<\/a>)<\/figcaption><\/figure><\/div>\n\n\n

    Scaling the Energy Systems of Tomorrow<\/h3>\n\n\n\n

    Already 116 countries have signed up for the Global Renewables and Energy Efficiency Pledge which a stated goal to triple renewable energy generating capacity and double the energy efficiency globally.<\/p>\n\n\n\n

    Thus, the world will see at least another 11,000 GW of renewable energy projects by 2030. On the Energy Efficiency side, the target is to improve from the current 2% to more than 4%.<\/p>\n\n\n\n

    Decarbonize the Energy Systems of Today<\/h3>\n\n\n\n

    As a breakthrough agreement, 50 oil & gas companies which account for over 40% of the global hydrocarbon production have signed the Oil and Gas Decarbonization Charter (OGDC). By doing so, they commit to achieve #NetZero<\/a> operations by 2050 at latest.<\/p>\n\n\n\n

    In particular, the Oil & Gas companies have committed to zero methane emissions and to phase out routing flaring by 2030.<\/p>\n\n\n\n

    Moreover, the GDA includes the Industrial Transition Accelerator which promotes #decarbonization<\/a> across heavy-emitting sectors.<\/p>\n\n\n\n

    Reduce Methane and Other non-CO2 Greenhouse Gases<\/h3>\n\n\n\n

    More than USD one billion has been mobilized for methane-abatement projects. Additional information will be released on 5 December 2023 during the COP28 Energy Thematic Day.<\/p>\n\n\n\n

    The GDA incorporates the Global Cooling Pledge (GCP) which aims to substantially reduce global cooling emissions by 68% by 2050. Such emissions represent nearly 7% of the global total and is expected to triple as more air conditioning units are sold and turned on. As at 2 December 2023, 52 countries have signed the Global Cooling Pledge.<\/p>\n\n\n\n

    On an optimistic note, Dr Al Jaber highlighted that the GDA brings in more countries and companies than ever before to join together in the fight against #ClimateChange<\/a>. He believes that COP28 represents an inflection point for Global #ClimateAction<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    [Dubai, 2 Dec 2023] COP28 President Sultan Al Jaber announced the Global Decarbonization Accelerator (GDA) program on the 3rd day<\/p>\n","protected":false},"author":1,"featured_media":8344,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[3],"tags":[330,26,71,80,410,70],"yoast_head":"\nCOP28 Launches the Global Decarbonization 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