The launch of a new coalition spearheaded by the United Nations Environment Programme (UNEP) and focused on boosting renewable energy usage around the world was announced today as Member States head into the final three-day stretch of a major UN climate conference in Lima, Peru aimed at tackling the imminent threat of climate change.
Assembled amid an increase in global renewable energy initiatives and energy efficiency projects around the world, the 1 Gigaton Coalition was formed in response to a dearth in measurements and reporting on greenhouse gas emissions reductions which, UNEP explained, would help encourage the uptake of energy efficiency policies and renewable energy technologies.
In fact, according to the UN agency’s estimates, measurements of greenhouse gas emissions reductions would amount to about one gigaton a year by 2020, fully indicating the savings countries could make from the extensive usage of renewable energy.
"Our global economy could be $18 trillion better off by 2035 if we adopted energy efficiency as a first choice, while various estimates put the potential from energy efficient improvements anywhere between 2.5 and 6.8 gigatons of carbon per year by 2030," UNEP Executive Director Achim Steiner stated in a press release.
"To build the momentum and support required […]