The Climate Breakthroughs Summit — a collaboration between the World Economic Forum, Mission Possible Partnership, the United Nations Climate Champions, and the United Kingdom Climate Change Conference (COP26) Presidency — took place virtually May 27, 2021.
Climate leaders at the summit discussed progress in critical sectors of the global economy, including steel, shipping, green hydrogen as well as nature. One of its key campaigns is ‘Race to Zero’ campaign that mobilises support of 708 cities, 24 regions, 2,360 businesses, 163 investors, and 624 higher education institutions to move towards zero-carbon recovery for a sustainable future.
There were new joiners to ‘Race to Zero’, including Maersk, a Danish integrated shipping company, which committed to halving its emissions by 2030 in line with achieving the long-term goal of full decarbonisation under the Paris Agreement, 2015.
There is a 40 per cent chance of the annual average global temperature temporarily reaching 1.5 degrees Celsius in at least one of the next five years, and these odds will increase with time, according to a recent World Meteorological Organization report.
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