The China Mail - World leaders gather for climate talks under cloud of crises

USD -
AED 3.672968
AFN 63.493572
ALL 82.78735
AMD 368.501999
ANG 1.790403
AOA 916.999873
ARS 1470.930296
AUD 1.44587
AWG 1.80125
AZN 1.698748
BAM 1.718856
BBD 2.018008
BDT 123.091796
BGN 1.69088
BHD 0.377044
BIF 2985
BMD 1
BND 1.297974
BOB 6.938524
BRL 5.197399
BSD 1.001973
BTN 94.864877
BWP 13.624819
BYN 2.814079
BYR 19600
BZD 2.015116
CAD 1.41982
CDF 2269.000208
CHF 0.809799
CLF 0.023222
CLP 913.970415
CNY 6.7905
CNH 6.79564
COP 3429.51
CRC 454.535468
CUC 1
CUP 26.5
CVE 96.906446
CZK 21.271397
DJF 177.719656
DKK 6.566655
DOP 58.644918
DZD 133.624001
EGP 49.7031
ERN 15
ETB 161.535521
EUR 0.878485
FJD 2.243701
FKP 0.754878
GBP 0.75735
GEL 2.645022
GGP 0.754878
GHS 11.246649
GIP 0.754878
GMD 72.999997
GNF 8779.291769
GTQ 7.644241
GYD 209.623413
HKD 7.84085
HNL 26.807458
HRK 6.620102
HTG 131.00145
HUF 312.591497
IDR 17950
ILS 2.99632
IMP 0.754878
INR 95.10385
IQD 1312.563167
IRR 1375000.000057
ISK 126.500605
JEP 0.754878
JMD 157.717811
JOD 0.709007
JPY 161.526017
KES 129.449825
KGS 87.450086
KHR 4021.248643
KMF 430.999932
KPW 900.00035
KRW 1531.769881
KWD 0.308961
KYD 0.834996
KZT 487.384102
LAK 22188.337654
LBP 89725.095575
LKR 335.228721
LRD 182.352683
LSL 16.522564
LTL 2.952741
LVL 0.60489
LYD 6.429642
MAD 9.377774
MDL 17.639408
MGA 4185.964758
MKD 54.160315
MMK 2099.387374
MNT 3579.000015
MOP 8.091488
MRU 39.79664
MUR 47.959746
MVR 15.459497
MWK 1737.391847
MXN 17.564103
MYR 4.140301
MZN 63.903157
NAD 16.522564
NGN 1369.100992
NIO 36.867777
NOK 9.76327
NPR 151.78296
NZD 1.76437
OMR 0.384486
PAB 1.001977
PEN 3.39166
PGK 4.394272
PHP 61.53983
PKR 278.668893
PLN 3.76034
PYG 6107.983882
QAR 3.652503
RON 4.609897
RSD 103.14101
RUB 74.497602
RWF 1469.343633
SAR 3.755291
SBD 8.065041
SCR 13.385038
SDG 600.497801
SEK 9.739975
SGD 1.296297
SHP 0.746601
SLE 24.749777
SLL 20969.503664
SOS 572.656446
SRD 37.48297
STD 20697.981008
STN 21.530796
SVC 8.767412
SYP 110.532098
SZL 16.517116
THB 33.230093
TJS 9.293141
TMT 3.51
TND 2.965857
TOP 2.40776
TRY 46.469415
TTD 6.803181
TWD 31.689298
TZS 2624.998023
UAH 44.976754
UGX 3667.442985
UYU 40.189832
UZS 12038.49365
VES 616.865275
VND 26325
VUV 118.758526
WST 2.756325
XAF 576.48558
XAG 0.016234
XAU 0.000243
XCD 2.70255
XCG 1.805774
XDR 0.716966
XOF 576.48558
XPF 104.811706
YER 238.650078
ZAR 16.512496
ZMK 9001.19809
ZMW 17.97425
ZWL 321.999592
  • CMSC

    -0.0500

    22.11

    -0.23%

  • RBGPF

    -0.2700

    60.34

    -0.45%

  • GSK

    1.3300

    52.07

    +2.55%

  • BCE

    0.3900

    23.04

    +1.69%

  • AZN

    4.5900

    181.02

    +2.54%

  • RIO

    -3.7800

    95.58

    -3.95%

  • BTI

    1.8400

    60.74

    +3.03%

  • NGG

    0.6000

    81.57

    +0.74%

  • BP

    -0.4500

    39.33

    -1.14%

  • RELX

    0.3800

    31.21

    +1.22%

  • JRI

    -0.0200

    12.63

    -0.16%

  • CMSD

    -0.1200

    21.96

    -0.55%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • BCC

    -0.7400

    71.8

    -1.03%

  • VOD

    -0.0700

    14.05

    -0.5%

World leaders gather for climate talks under cloud of crises
World leaders gather for climate talks under cloud of crises / Photo: © AFP/File

World leaders gather for climate talks under cloud of crises

World leaders meeting Monday for climate talks in Egypt are under pressure to deepen cuts in emissions and financially back developing countries already devastated by the effects of rising temperatures.

Text size:

The UN's COP27 climate summit in the Red Sea resort of Sharm el-Sheikh comes as nations worldwide are facing increasingly intense natural disasters that have taken thousands of lives this year alone and cost billions of dollars.

At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite the economic crises linked to Russia's war on Ukraine, an energy crunch, soaring inflation and the persistent Covid-19 pandemic.

"The fear is other priorities take precedence," top United Nations climate change official Simon Stiell told a news conference.

The "fear is that we lose another day, another week, another month, another year -- because we can't", he said.

The world must slash greenhouse emissions 45 percent by 2030 to cap global warming at 1.5 degrees Celsius above late-19th-century levels.

But current trends would see carbon pollution increase 10 percent by the end of the decade and Earth's surface heat up 2.8C, according to findings unveiled in recent days.

Only 29 of 194 countries have presented improved climate plans, as called for at the UN talks in Glasgow last year, Stiell noted.

Some 110 heads of state and government are expected to participate in two days of talks, with the notable absence of Chinese leader Xi Jinping, whose country is the world's top emitter of greenhouse gases.

US President Joe Biden, whose country ranks second on the top-polluters list, will join COP27 later this week after midterm elections on Tuesday that could put Republicans hostile to international action on climate change in charge of Congress.

- 'Loss and damage' -

Fresh from his own election victory, Brazil's Luiz Inacio Lula da Silva is expected to attend the summit, with hopes high that he will protect the Amazon from deforestation after defeating climate-sceptic President Jair Bolsonaro.

Another new leader, British Prime Minister Rishi Sunak, reversed a decision not to attend the talks and is due to urge countries to move "further and faster" in transitioning away from fossil fuels.

He will also hold discussions with French President Emmanuel Macron.

On Sunday, the heads of developing nations won a small victory when delegates agreed to put the controversial issue of money for "loss and damage" on the summit agenda.

Pakistan, which chairs the powerful G77+China negotiating bloc of more than 130 developing nations, has made the issue a priority.

"We definitely regard this as a success for the parties," said Egypt's Sameh Shoukry, who chairs the COP27.

The United States and the European Union have dragged their feet on the issue for years, fearing it would create an open-ended reparations framework.

But European Commission Vice President Frans Timmermans welcomed the inclusion of loss and damage, tweeting that the "climate crisis has impacts beyond what vulnerable countries can shoulder alone".

The promise is already two years past due and remains $17 billion short, according to the OECD.

COP27 is scheduled to continue until November 18 with ministerial meetings.

S.Davis--ThChM