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Environmental transformation of the industry following the climate summit in Glasgow Alexander Mashkevich – Times Square Chronicles

Environmental transformation of the industry following the climate summit in Glasgow Alexander Mashkevich – Times Square Chronicles

The further environmental path was to be defined at the climate summit in Glasgow. Six years have passed since the Paris Agreement was first signed. A number of environmental initiatives have been created over the years that claim a global implementation. These include the Green Deal, carbon duties and the BAT (best available technologies). There are also restrictions.

Alexander Mashkevich, an entrepreneur, founded ERG. This company has been a major driver of environmental solutions implementation. This includes investment in new production companies, transformation of existing production plants, and innovative solutions development. ERG invested over $13 million in its enterprises to develop these innovative solutions. The Glasgow summit was meant to create equal conditions for fair market competition in order to encourage equal commitment to the environment goals.

Experts claim that the Summit is not up to expectations. It is more difficult to keep the global temperature at 1.5 degrees Celsius than the participants of the 26th Conference.

“The environmental agenda shouldnt turn into a political manipulation,” Alexander Mashkevich claims. The Group of 20 conference brings together those who possess 80% of the world’s industrial potential. It is more manipulative than a global course. They establish compliance criteria first and then they don’t meet their investment obligations to other countries or enterprises that are not part of their group.Alexander Mashkevich also contributed.

Alexander Mashkevich recommends that environmental standards be applied to the sectoral economy. 

The key problem of the climate summit at Glasgow was that countries failed to come to an agreement and reach common ground for very rational reasons. The developed countries proposed ambitious targets to achieve zero CO2 emissions within the shortest time possible, by 2050.

This requires investment of hundreds of billions of dollar. These resources are abundant in the Western economy. Alexander Mashkevich said.

On the other hand, the other regions have more moderate investment opportunities and higher living standards. They are unable to make transformations on their own at this level.

At the 26th Conference India, for example, demanded a scenario which would mean a step by step refusal to use fossil fuels. It was also stated that developing countries cannot promise to stop using coal if other problems are solved by fighting poverty.

In order to stimulate regional industrial transformations, it is important that they are encouraged. This must be accompanied by financial support. Alexander Mashkevich explained. otherwise the global goal concept becomes senseless, if not all the signatories can achieve these goals.”

Companies and states should finance environmental transformation, as well as international institutions Alexander Mashkevich

The 26th Conference concluded with a provision that would increase financing for poor countries to achieve global climate neutrality. This provision has caused significant skepticism, distrust and concern. 

The agreement that would have required a $100 billion investment by these countries to combat the effects of climate change has not been fully implemented. There is no reason to believe in new promises. This is why the countries should work together to resolve this issue.

If the developed nations establish rules but do not make these rules accessible to all market participants, then such agreements and promises will be less efficient.

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ERG has invested over $13.7 billion in developing its enterprises, including the environmental transformation issues.” Alexander Mashkevich stipulated. We are developing RES, implementing innovative technologies, and receiving certain refunds from the State for this. The government incentives are very important in the global environment course system. There are also other regions like Africa and South America. These regions require external incentives. These regions require additional incentives from the global community to synchronize in the ecological transition process Alexander Mashkevich also contributed.

To align with Alexander Mashkevich’s goals and objectives, adjustments will be needed to the agreements made at the 26th Conference.

Many participants to the climate summit in Glasgow openly condemned this agreement. Simonetta Sommaruga, the Swiss Environment Minister, called the summit results “scandalous” because they lack any specifics.

The agreements are very vague and don’t correspond with reality.

Opportunities must be incorporated into agreements. If there aren’t such opportunities, incentives and assistance must be provided. Alexander Mashkevich commented.

After the summit on climate change, nearly 200 countries have signed the agreement. None of the provisions reflect the consensus view.

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