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There’s no doubt about it, the cleantech sector is performing very well at the moment.
Following a recent dip in funding the past couple years from $2 billion in 2014 to $1.2 billion in 2015, cleantech is starting to see a major turnaround according to a recent article by Forbes. New players are entering the sector, investing large amounts in the promising market.
The latest example of cleantech innovation comes from the Paris Agreement of the United Nations Framework Convention on Climate Change.
First presented at the Paris Climate Conference in December 2015, the agreement enacts a global action plan to avoid dangerous climate change by limiting global warming to well below 2°C. Roughly 200 countries came together at this conference to agree on a universal agreement to cut greenhouse gas emissions and create a legally binding process for reviewing national emissions targets every five years.
According to CleanTechnica, last Thursday President Obama and President Xi of China announced their commitment to the UNFCCC Paris Agreement. The US and China, said to be the largest greenhouse gas emitters, have agreed to sign the Paris Agreement on April 22, the date at which the agreement will open for signatures from countries all over the world.
Robert W. Howarth, Ph.D., Professor of Ecology and Environmental Biology at Cornell University said, “To reach this goal requires that the world be largely free of fossil fuels by 2050 and that the richest nations such as the United States be largely so by 2035. This is an ambitious but absolutely necessary goal, and one that we can reach by moving quickly to a 100% renewable energy future.”
In order for the agreement to pass, fifty five countries representing 55% of global emissions must ratify it.
While this is a major step in the right direction for ensuring the healthy future of our planet, all countries must set aside their differences and unite in order to create a substantial change for the future.
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