In accordance with the report by the United Nations Office for Project Services (UNOPS), there is dire need of cleaning up the transport sector to reduce greenhouse gas (GHG) emissions and contain global warming.
- To achieve this, there is also a need for massive investments for green mobility like electric and hydrogen fuel vehicles estimated at $ 49.9 trillion by 2040.
Key Points:
i.The report highlighted that 16% of the GHG emissions are through the transport sector after energy and buildings.
- Energy sector also needs $ 28 trillion investments to overcome this scenario.
ii.Across sectors such as energy, transport, water and digital communications, trillions of dollars of additional infrastructure is needed to meet the targets
iii.UNOPS also warned of the improper investments as earlier which resulted in environmental degradation, climate impacts and socioeconomic vulnerabilities.
iv.The report follows some similar statements by the International Energy Agency (IEA) which also emphasized on investments in renewable energy needed to triple by the end of this decade to effectively fight climate change.
Recent Related News:
The Intergovernmental Panel on Climate Change’s (IPCC) Sixth Assessment Report (AR6) Climate Change 2021: The Physical Science Basis by the Working Group I was released. It states that if emissions decline slowly, the temperature rise of 2°C, the limit set by the Paris Agreement will be breached by 2060.
About United Nations Office for Project Services (UNOPS):
Executive Director– Grete Faremo
Headquarters– Copenhagen, Denmark
