FACT SHEET: Renewed US leadership in Glasgow sparks ambition to tackle climate crisis

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The international community highlights innovative efforts to build a clean energy economy and create jobs

The United States will continue to push for action beyond Glasgow and keep the 1.5 degree Celsius target alive

On the first day of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), President Joe Biden made it clear that Glasgow must rise to global ambition during this decisive decade of climate action to to preserve our common future. The President reiterated that tackling the climate crisis requires that all of society – communities, businesses, states, local governments, tribal nations and nations around the world – come together to ensure economic prosperity, peace and security. . The President and the United States have led by example, taking bold steps to reduce emissions and create economic opportunities at home and abroad, while rallying other countries to the intensification. On day one of his tenure, President Biden joined the Paris Agreement, restored US leadership on the world stage, and re-established our position to tackle the climate crisis at home and abroad. He convened the first-ever Leaders’ Climate Summit which affirmed the need for unprecedented global cooperation and ambition and convened a US-led Forum of Major Economies on Energy and Climate . Congress passed President Biden’s bipartisan infrastructure agreement, which will expand access to clean water, make unprecedented investments in clean energy infrastructure, and is a critical step in achieving our goal of net zero emission economy by 2050. When paired with the Build Back Better Executive program that the President is also eager to enact, these one-time investments in a generation will reduce our emissions by well over a gigaton this decade – ensuring that we deliver on President Biden’s pledge to reduce US emissions by 50-52% from 2005 by 2030 and unleash the full potential of a clean energy economy that fights climate change, advances environmental justice and creates well-paying union jobs.

Today, at the end of COP26, more than 190 countries have concluded negotiations on a text that includes a global commitment to tackle the climate crisis and to keep within reach the goal of limiting global warming to 1 , 5 degree Celsius. The text charts the way forward to increase country commitments and actions from next year, outlines new rules of the road for the Paris Agreement that will allow countries to translate words into deeds with transparency , and will double the amount of aid that goes to vulnerable people to build their resilience in the face of the crisis. But it’s not enough. There is still work to be done as we leave Glasgow to get to where science tells us we need to be and the United States will continue to push for more progress at home and abroad during this landmark decade. for climate action.

As the United States engages in intensive diplomacy and partnership with countries around the world, collective action has increased global ambition, innovation and action to tackle the climate crisis. At the end of COP26:

90% of global GDP now has net zero commitments and 154 countries have presented new climate action plans to reduce emissions or “NDCs”. In April, President Biden announced a new target for the United States to achieve a 50 to 52 percent reduction from 2005 levels of net greenhouse gas pollution across the country. economy in 2030 and convened the Leaders’ Climate Summit to get more ambitious goals from world leaders. The United States and the European Union have announced that more than 100 countries, covering nearly half of global methane emissions and nearly 70% of global GDP, have signed the Global Methane Pledge, including six of the top 10 emitters of methane to the world. This complements the US Action Plan to Reduce Methane Emissions – bold steps announced by President Biden to redouble government-wide efforts to dramatically reduce US methane emissions, cut costs. consumption, protect workers and communities, maintain and create thousands of high quality union jobs. , and promote innovation and the manufacture of new essential technologies in the United States. Developed countries have made progress towards the goal of mobilizing climate finance of $ 100 billion. In April, President Biden released America’s first-ever international climate finance plan and announced a quadrupling of the US commitment to international climate finance at the United Nations General Assembly in September, including the largest US pledge. never taken to reduce climate impacts on the most vulnerable people. to climate change around the world. The United States announced its first-ever contribution to the Adaptation Fund, which at COP26 received $ 356 million in new support from contributing national and regional governments. President Biden announced the launch of the President’s Emergency Plan for Adaptation and Resilience (PREPARE), a whole-of-government initiative that will serve as a cornerstone of the U.S. government’s response to the growing impacts of global climate crises to improve global stability. Twenty-five countries, including the United States, and five financial institutions have pledged to end new international funding for fossil energy relentlessly by the end of 2022, except under limited and clearly defined circumstances that are compatible with the 1.5 degree Celsius warming limit, redirecting tens of billions of dollars of public funding and trillions of private funding towards low carbon priorities. More than $ 20 billion in new public and philanthropic funding has been committed to help developing countries move away from coal. Countries accounting for 90% of global forest cover have pledged to reduce deforestation to zero by 2030, backed by the largest ever commitment of public funds to forest conservation and a global roadmap to make 75% supply chains for sustainable forest products. Twelve countries have signed the Global Forest Finance Pledge: a target of 12 billion dollars to fight against deforestation. The United States released the Plan to Conserve Global Forests: Critical Carbon Siks, a one-of-a-kind, whole-of-government effort to preserve global ecosystems that serve as vital carbon sinks. The United States launched the First Movers Coalition with more than 25 founding members, including some of the world’s largest companies, across a wide range of industries, with hundreds of billions of dollars in purchasing power. The buyer’s clubs brought together by this initiative will create early market demand for innovations in eight “shrink” industries — steel, trucking, shipping, aviation, aluminum, concrete, chemicals and direct air capture — which represent more than one-third of global carbon emissions today, and are expected to increase in the decades to come. China has joined with the United States, the world’s two largest economies and emitters, in committing in a new joint statement to collaborate on increased ambition to keep 1.5 degree Celsius warming within reach , and China for the first time pledged to develop a plan to tackle methane emissions. and accelerate its gradual reduction of coal. The US, UK, EU, France and Germany have announced a partnership with South Africa to switch from coal to clean energy creating new jobs and opportunities for communities South African coal mines. This partnership will aim to avoid up to 1 to 1.5 gigatons of emissions over the next 20 years to support South Africa’s accelerated transition to a low-emissions, climate-resilient economy, and aims to mobilize $ 8.5 billion for the first phase of financing, through various mechanisms, including grants, concessional loans, investments, risk sharing and other private sector mobilization instruments. The partnership comes as the United States continues to redouble its efforts to invest in our nation’s energy communities, including making the largest investment in American history to fight legacy pollution while creating thousands of new ones. well-paying jobs under the President’s bipartisan infrastructure deal. The United States and the United Arab Emirates have launched the Agriculture Innovation Mission alongside more than 30 countries and more than 45 non-government partners to increase and accelerate innovation in agriculture and food systems in support of the climate action. The initiative has already generated an increased investment of $ 4 billion in innovation in agriculture and climate-smart food systems, with the United States planning to mobilize $ 1 billion over five years.

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