COP28 pledges meet only 30% of needed energy emission cuts: IEA
- Over 120 countries, including the United States, have pledged to triple renewable energy capacity and double energy efficiency measures by 2030 at COP28, but these commitments are not enough to meet international climate targets.
- Fifty major oil and gas companies, such as Exxon and Saudi Aramco, have also pledged to reduce methane emissions by 80-90% and end routine flaring by the end of the decade.
- The International Energy Agency's analysis shows that these pledges would only result in about 30% of the emissions reduction needed to cap global warming at 1 degree Celsius.
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