LEADERS’ SUMMIT ON CLIMATE 2021

• Prime Minister addressed the Leaders’ Summit on Climate 2021.
• US President Joe Biden hosted a virtual meeting of world leaders titled ‘Leaders’ Summit on Climate’ on the occasion of Earth Day (22nd April).
• It is a two-day conference and is touted by some as a precursor to the United Nations Climate Change Conference (COP26) that will take place later this year in Glasglow.
• The summit is supposed to “galvanise efforts by the major economies to tackle the climate crisis” and “underscore the urgency – and the economic benefits – of stronger climate action.”
• The conference is streamed live and available for the public to witness.

Objectives:

• Get the world’s major economies to reduce emission in this decade while also getting the public and private sector involvement.
• Show how climate action can have economic and social benefits. Build new businesses and industries.
• Using the technology available to adapt to climate change but also reduce emissions. Use nature-based solutions to achieve net-zero emissions by 2050.
• Protect lives and livelihoods by finding ways to adapt to climate change.
• The US is also seeking to “reconvene the US-led Major Economies Forum on Energy and Climate” that was started by former President Barack Obama in 2009.
• Biden had invited 40 leaders for the summit including PM Modi of India.
• China, Russia, Japan, the UK are attending, among others.

SOURCE: THE HINDU ,THE ECONOMIC TIMES ,MINT