107
hydro, geothermal, and hydrogen energy. These mus be complemented with
aggressive carbon-capture measures. In addition, “[i]nnovative approaches and
instruments for mobilizing finance for mitigation and adaptation from private
sources”492 must be explored.
States must require that private actors and businesses receiving grants, funding,
loans, or financial assurances have decarbonization and net-zero plans, and
other measures to meet the Paris Agreement’s objectives and that such plans or
actions are fulfilled or are on track to be met.493
ii. Collaborate on Innovative Climate Action and Guarantee that
the Benefits of Science and Technology are Enjoyed by All
As provided in the Glasgow Climate Pact, “the development, deployment and
dissemination of technologies and the adoption of policies to transition towards
low-emission energy systems”494 must be accelerated, including the rapid
scaling-up of “the deployment of clean power generation and energy efficiency
measures.”495 Towards this end, the Commission endorses the Global Coal to
Clean Power Transition Statement, including the need for the rapid scaling-up
of the deployment of clean power generation, and technologies and policies “to
achieve a transition away from unabated coal power generation in the 2030s (or
as soon as possible thereafter) for major economies and in the 2040s (or as soon
as possible thereafter) globally.”496
The Commission echoes the recommendation of the OHCHR, to wit:
All States should actively support the development and
dissemination of new climate mitigation and adaptation
technologies, including technologies for sustainable
production and consumption. Environmentally clean and
sound technologies should be accessibly priced, the cost
of their development should be equitably shared, and their
benefits should be fairly distributed between and within
492
Glasgow Climate Pact, supra note 480, para. 19.
494
Id. para. 36.
496
Global Coal to Clean Power Transition Statement (2021).
493
495
Id.
Id.
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