On 22nd March 2021, The President of the United States of America, Joe Biden kick started a 2-day Earth Day Summit. During the Earth Day Summit, US President pledged to halve the USA emissions by the end of the decade.
- The USA and the other top 40 economies increased their targets of slashing the Greenhouse gas emissions.
- President Biden unveiled a $2 trillion infrastructure package. The package included several elements of climate friendly policies, investment in electric grid, development funds for clean energy.
- During the summit, around 101 Nobel Laureates made a call to sign up a “Fossil Fuel Non-Proliferation Treaty”. They submitted a letter that called to phase out fossil fuels. The Buddhist leader Dalai Lama was one of the signatories of the letter.
- Also, other leaders announced their commitments in reducing greenhouse gas emissions during the summit.
- America has the highest amount of public money committed to the fossil fuels in COVID-19 recovery packages.
- The per capita fossil fuel consumption of America was 66,525-megawatt hour and for India, it was 6,303 megawatt hour.
- The fossil fuel sector in the USA gets $20 billion of direct subsidies. Of this 20 per cent is allocated to coal and 80 per cent to crude oil and natural gas.
The Production Gap report of UN Environment Programme that was published in the 2020 said that the countries should decrease fossil fuel production roughly by 6 per cent a year between 2020 and 2030 to follow the 1.5 degrees consistent pathway. That is, to keep the increase in global temperature within 1.5 degrees Celsius as compare to pre-industrial era.
Earth Day Summit 2021