By Dominic Waughray, Managing Director, World Economic Forum

Earth Day 2021 marks a historic moment for action on climate change. While there is still much to be done, the US's announcement is major political turning point.

President Biden Leaders’ Summit on Climate is unprecedented and ambitious national commitments will help the world tackle the climate crisis. The summit changes the dynamic for Earth Day.

Combined with existing commitments to achieve net-zero emissions by 2050 from the EU, the UK and other major economies including China, Japan and the Republic of Korea, major governments are now committing to a significant effort required for the world to meet net-zero emissions by 2050.

Biden's national strategy for climate action brings an “all of government” approach, which will help scale and accelerate private sector efforts. It effectively stimulates a “win-win” public-private scenario for climate action.
www.weforum.org

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