The Mission Partner Partnership strategy includes steps toward decarbonizing the concrete and cement industry over the next 25 years as major industry players have collectively acknowledged the need to act on climate goals.
The port added 33 zero-emissions cargo-handling machines that run on electric batteries, replacing traditional gas and diesel-powered models.
The partnership aims to contribute to the goal of tripling nuclear energy capacity in order to meet net zero, a commitment recently announced at COP28.
Key objectives range from financial support to ecosystem conservation and largely work to protect the food and agricultural sector’s most vulnerable populations.
The agreement will forward international the ability of carbon markets to mitigate climate change and engage the business sector in working to meet Paris Agreement goals.
The framework will help banks measure, benchmark, and disclose alignment of their aluminum lending portfolios with the 1.5-degree warming scenario outlined in the Paris Agreement.
The rule is expected to lead to the prevention of about 58 million tons of methane emissions and save $97 billion to $98 billion from 2024 to 2038.
The information comes as discussions on the role of fossil fuels in international net-zero goals ramps up at the UN climate conference in the UAE.
Projects supported by the new grants will work to increase climate resilience for coastal communities and improve fish and wildlife habitats.
The plan will use $15 billion from the Bipartisan Infrastructure Law to reduce all sources of lead exposure, largely by requiring water systems to replace lead service lines within the next 10 years.