- A total of 194 parties (including the European Union) have joined the Paris Agreement intending to reach carbon-neutral status by 2050 to reduce the impact of global climate change
- Vision Energy’s Green Energy Hub in the Netherlands will help with import, storage, and distribution of low-carbon renewable fuels and hydrogen carriers
- The company plans for first operations to commence in 2026, with the terminal running 24 hours a day, 365 days a year
Climate change is a global emergency with negative impacts beyond national borders – requiring cooperation and collaborative solutions amongst nations and world leaders. The Paris Agreement is a legally binding international treaty that sets long-term goals to guide all nations, with 194 parties (193 States plus the European Union) joining the Agreement so far. The goals of the Paris Agreement include:
- Substantially reducing global greenhouse gas emissions to limit the global temperature increase in this century to 2 degrees Celsius while pursuing efforts to limit the increase even further to 1.5 degrees,
- Reviewing countries’ commitments every five years, and
- Providing financing to developing countries to mitigate climate change, strengthening resilience, and enhancing abilities to adapt to climate impacts.
The Agreement provides a durable framework for guiding the global effort and shifting toward net-zero emissions worldwide. Implementation of this Agreement is also essential for achieving Sustainable Development Goals.
Vision Energy (OTCQB: VENG) is a forward-looking energy company developing assets and solutions for the commercial, industrial and transportation sectors. Leveraging its proven track-record in site and asset procurement, accelerating development, and permitting processes, plant design, and grid integration to…
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