Construction Industry News
Countries representing more than half of the global economy announced plans Friday to accelerate the transition to a low-carbon economy by cutting emissions in sectors such as energy, transport and steel.
The United States, Germany, Japan and Canada were among those backing a series of 25 "priority actions" announced at the COP27 climate talks in the Egyptian coastal city of Sharm el-Sheikh, which they hope to unveil during the talks of next year in Dubai.
They hope that by jointly agreeing on a series of steps, they can send a clear signal to the market of policy guidance, encouraging investors and companies to act.
The priority actions, originally set as the "breakthrough agenda" at the COP26 climate talks in Glasgow, now include hydrogen and agriculture, with buildings and cement to be added in 2023.
Companies will form coalitions for each sector, led by a core group and reinforced by financial and industrial groups working on the same issues.
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