U.S. and China to Sign Paris Climate Agreement on Earth Day
The two nations will also “take their respective domestic steps in order to join the agreement as early as possible this year” and urge other countries to do the same, “with a view to bringing the Paris agreement into force as early as possible.”
The presidents also indicated that they are planning agreements to limit aviation emissions and the powerful greenhouses gases known as HFCs. Experts and environmental groups are heralding the announcement as a “significant” step, saying that the U.S.-China commitment sends a “strong signal” to other countries.
Here's the U.S.-China joint presidential statement on climate change:
1. Over the past three years, climate change has become a pillar of the U.S.-China bilateral relationship. Both countries have taken strong measures at home to build green, low-carbon and climate-resilient economies, helping galvanize global action to combat climate change and culminating in the Paris Agreement reached last December. With their joint announcement of ambitious climate actions in November 2014, President Barack Obama and President Xi Jinping sought to lead by example, and by the time the Paris conference opened a year later, some 186 countries had put forward their own climate actions. In September 2015, the two leaders laid out a common vision for the Paris outcome during President Xi’s State Visit to Washington and also announced major domestic policy measures and cooperative initiatives to combat climate change, as well as significant progress on climate finance. In Paris, the United States and China, working together and with others, played a critical role in crafting a historic, ambitious global climate change agreement.
Here's why the U.S. and China are signing the historic #ParisAgreement on Earth Day🌎 → https://t.co/e6Tohm2qES https://t.co/zcNE6KZy6A— The White House (@The White House)1459457336.0
2. Today, the two Presidents announce another significant step in their joint climate efforts. The United States and China will sign the Paris Agreement on April 22nd and take their respective domestic steps in order to join the Agreement as early as possible this year. They encourage other Parties to the United Nations Framework Convention on Climate Change to do the same, with a view to bringing the Paris Agreement into force as early as possible. The Presidents further express their commitment to work together and with others to promote the full implementation of the Paris Agreement to win the fight against the climate threat.
3. The Presidents recognize that the Paris Agreement marks a global commitment to tackling climate change and a strong signal of the need for a swift transition to low-carbon, climate-resilient economies. In this regard, the Presidents are also committed to working bilaterally and with other countries to achieve successful outcomes this year in related multilateral fora, including on an HFC amendment under the Montreal Protocol pursuant to the Dubai Pathway and on a global market-based measure for addressing greenhouse gas emissions from international aviation at the International Civil Aviation Organization Assembly. To accelerate clean energy innovation and deployment, they will work together to implement the goals of the Mission Innovation initiative announced at the Paris conference and carry forward the work of the Clean Energy Ministerial. They support a successful G-20 Summit in Hangzhou this year, including strong climate and clean energy outcomes, and call on the G-20 countries to engage constructively in international cooperation on energy and climate change. And they will continue to deepen and broaden bilateral cooperation through the U.S.-China Climate Change Working Group, the U.S.-China Clean Energy Research Center, and other efforts.
4. Finally, the Presidents commit to taking concrete steps to implement the commitments they made in their September 2015 Joint Statement to use public resources to finance and encourage the transition toward low carbon technologies as a priority. Since the Joint Statement, the United States led an effort in the OECD to successfully adopt the first-ever set of multilateral standards for support of coal-fired power plants using export credit, and China has been strengthening its green and low-carbon policies and regulations with a view to strictly controlling public investment flowing into projects with high pollution and carbon emissions both domestically and internationally.
5. The joint efforts by China and the United States on climate change will serve as an enduring legacy of the partnership between our two countries.
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theDOCK aims to innovate the Israeli maritime sector. Pexels<p>The UN hopes that new investments in ocean science and technology will help turn the tide for the oceans. As such, this year kicked off the <a href="https://www.oceandecade.org/" target="_blank" rel="noopener noreferrer">United Nations Decade of Ocean Science for Sustainable Development (2021-2030)</a> to galvanize massive support for the blue economy.</p><p>According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem," <a href="https://www.sciencedirect.com/science/article/pii/S0160412019338255#b0245" target="_blank" rel="noopener noreferrer">Science Direct</a> reported. It represents this new sector for investments and innovations that work in tandem with the oceans rather than in exploitation of them.</p><p>As recently as Aug. 2020, <a href="https://www.reutersevents.com/sustainability/esg-investors-slow-make-waves-25tn-ocean-economy" target="_blank" rel="noopener noreferrer">Reuters</a> noted that ESG Investors, those looking to invest in opportunities that have a positive impact in environmental, social and governance (ESG) issues, have been interested in "blue finance" but slow to invest.</p><p>"It is a hugely under-invested economic opportunity that is crucial to the way we have to address living on one planet," Simon Dent, director of blue investments at Mirova Natural Capital, told Reuters.</p><p>Even with slow investment, the blue economy is still expected to expand at twice the rate of the mainstream economy by 2030, Reuters reported. It already contributes $2.5tn a year in economic output, the report noted.</p><p>Current, upward <a href="https://www.ecowatch.com/-innovation-blue-economy-2646147405.html" target="_self">shifts in blue economy investments are being driven by innovation</a>, a trend the UN hopes will continue globally for the benefit of all oceans and people.</p><p>In Israel, this push has successfully translated into investment in and innovation of global ports, shipping, logistics and offshore sectors. The "Startup Nation," as Israel is often called, has seen its maritime tech ecosystem grow "significantly" in recent years and expects that growth to "accelerate dramatically," <a href="https://itrade.gov.il/belgium-english/how-israel-is-becoming-a-port-of-call-for-maritime-innovation/" target="_blank" rel="noopener noreferrer">iTrade</a> reported.</p><p>Driving this wave of momentum has been rising Israeli venture capital hub <a href="https://www.thedockinnovation.com/" target="_blank" rel="noopener noreferrer">theDOCK</a>. Founded by Israeli Navy veterans in 2017, theDOCK works with early-stage companies in the maritime space to bring their solutions to market. The hub's pioneering efforts ignited Israel's maritime technology sector, and now, with their new fund, theDOCK is motivating these high-tech solutions to also address ESG criteria.</p><p>"While ESG has always been on theDOCK's agenda, this theme has become even more of a priority," Nir Gartzman, theDOCK's managing partner, told EcoWatch. "80 percent of the startups in our portfolio (for theDOCK's Navigator II fund) will have a primary or secondary contribution to environmental, social and governance (ESG) criteria."</p><p>In a company presentation, theDOCK called contribution to the ESG agenda a "hot discussion topic" for traditional players in the space and their boards, many of whom are looking to adopt new technologies with a positive impact on the planet. The focus is on reducing carbon emissions and protecting the environment, the presentation outlines. As such, theDOCK also explicitly screens candidate investments by ESG criteria as well.</p><p>Within the maritime space, environmental innovations could include measures like increased fuel and energy efficiency, better monitoring of potential pollution sources, improved waste and air emissions management and processing of marine debris/trash into reusable materials, theDOCK's presentation noted.</p>
theDOCK team includes (left to right) Michal Hendel-Sufa, Head of Alliances, Noa Schuman, CMO, Nir Gartzman, Co-Founder & Managing Partner, and Hannan Carmeli, Co-Founder & Managing Partner. Dudu Koren<p>theDOCK's own portfolio includes companies like Orca AI, which uses an intelligent collision avoidance system to reduce the probability of oil or fuel spills, AiDock, which eliminates the use of paper by automating the customs clearance process, and DockTech, which uses depth "crowdsourcing" data to map riverbeds in real-time and optimize cargo loading, thereby reducing trips and fuel usage while also avoiding groundings.</p><p>"Oceans are a big opportunity primarily because they are just that – big!" theDOCK's Chief Marketing Officer Noa Schuman summarized. "As such, the magnitude of their criticality to the global ecosystem, the magnitude of pollution risk and the steps needed to overcome those challenges – are all huge."</p><p>There is hope that this wave of interest and investment in environmentally-positive maritime technologies will accelerate the blue economy and ESG investing even further, in Israel and beyond.</p>
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