The European Union, Britain and Italy have urged Russia to commit to reach net-zero CO2 emissions by 2050 and step up its plans to tackle climate change ahead of the COP26 summit.
Russia, one of the biggest polluters that has not set a "net zero" emissions target, is coming under increased pressure as world leaders prepare for the United Nations COP26 summit, which runs from Oct. 31 to Nov. 12 in Glasgow, Scotland.
"We invite Russia to make even more ambitious commitments to achieve zero net carbon emissions by 2050, joining us and many other countries that have already stated similar goals," the EU, Britain and Italy's ambassadors to Russia said in a joint article, published in the Kommersant newspaper.
The COP26 summit is seen as a crucial chance to wring out ambitious enough commitments from governments to stop global warming spiralling beyond 1.5 degrees Celsius - the limit that scientists say would avoid the worst impacts of climate change.
The ambassadors urged Russia to "seize this opportunity" to develop renewable energy, green technologies and protect carbon-consuming forests, to help boost its economy and create jobs in low-carbon sectors.
Russia is a major producer of oil and gas, fossil fuels that when combusted produce the greenhouse gas emissions driving climate change.
Failure to rein in climate change would worsen impacts such as the devastating wildfires and floods that Russia experienced this summer, the ambassadors said, adding that governments must work together to tackle the problem.
Russia has said it will cut its 2030 emissions to 70% of 1990 levels, a target it is expected to achieve because of de-industrialisation since the Soviet Union broke up in 1991.
Campaigners have said that goal could actually allow the country to increase its emissions by 2030, when compared with today's levels.
Recommended Reading
EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
2024-12-31 - EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp.
Summit Acquires Moonrise Midstream Assets to Alleviate D-J Constraints
2025-03-10 - A Summit Midstream Corp. (SMC) subsidiary will acquire Moonrise Midstream from Fundare Resources Co. in a cash-and-stock deal valued at $90 million.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
2025-02-12 - Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
Howard Energy Partners Closes on Deal to Buy Midship Interests
2025-02-13 - The Midship Pipeline takes natural gas from the SCOOP/STACK plays to the Gulf Coast to feed demand in the Southeast.
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
2024-12-31 - DT Midstream acquired three pipelines with more than 3.7 Bcf/d of capacity that span approximately 1,300 miles across seven states.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.