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Major Economies Forum (MEF) On Energy And Climate

Major Economies Forum (MEF) On Energy And Climate:

The Leaders Meeting of the Major Economies Forum on Energy and Climate Change has acknowledged climate change as a major challenge.

  • The meeting was attended by the Heads of State and Ministers of 20 major economies of the world.
  • Purpose is Facilitating dialogue among major emitting countries (both developed and developing) to advance efforts against climate change
  • Launched in 2009 by US President Barack Obama
  • 20 major economies including India, Australia, Brazil, China, UK, UAE, etc.
  • MEF economies account for roughly 80% of global GDP and global greenhouse gas (GHG) emissions
  • Focus Achieving International Energy Agency’s (IEA’s)
    • “Credible Pathways to 1.5°C”, through Decarbonizing Energy;
    • Reducing deforestation to net zero;
    • Launching a Methane Finance Sprint to cut methane emissions;
    • Accelerating hydrofluorocarbon (HFC) phasedown under Kigali Amendment;
    • Accelerate CCUS technologies through a COP 28 Carbon Management Challenge