14 Nov 2024
US Government Calls for Rapid Climate Action during COP 29, Noting the Importance of the Carbon Management Challenge
With the 29th Conference of the Parties (COP29) underway, the United States has called for rapid climate action on the global stage, highlighting the need for an accelerated scale-up of carbon management technologies.
In a recently released factsheet, the United States announced progress in key areas, including Advancing the Carbon Management Challenge (CMC). The factsheet further noted that the COP 29 delegation will showcase the country’s aims to drive economic opportunities tied to the clean energy transition and accelerate climate action alongside global collaborators.
As a participant of the CMC with the shared mission to keep 1.5°C within reach, the US announced new country joiners and also announced the establishment of the CMC Secretariat to advance carbon management at the billion-ton scale by delivering outcomes with three workstreams.
To date, 22 countries and the European Commission, are part of the CMC, with Bahrain, Kenya, Mauritania, Nigeria and Senegal having joined in the last year alone. With a Secretariat firmly established to drive the CMC’s target to collectively manage 1 gigaton of CO2 per year by 2030, participants will work together to forge ahead on developing country finance, project deployment and tracking as it relates the carbon management projects, and to also shore up strategic communications and engagement efforts amongst existing members and potential new joiners.
