The China Mail - Biden urges world to 'step up' climate fight at COP27

USD -
AED 3.672504
AFN 65.000368
ALL 82.324126
AMD 360.540403
ANG 1.790403
AOA 918.000367
ARS 1546.131265
AUD 1.468645
AWG 1.8
AZN 1.70397
BAM 1.769883
BBD 2.014669
BDT 124.715381
BGN 1.77347
BHD 0.378283
BIF 3011.021908
BMD 1
BND 1.291151
BOB 11.678099
BRL 5.666304
BSD 1.000231
BTN 94.44641
BWP 14.015512
BYN 3.004037
BYR 19600
BZD 2.016692
CAD 1.42705
CDF 2315.000362
CHF 0.837483
CLF 0.025469
CLP 1002.376741
CNY 6.67175
CNH 6.676604
COP 3319.97
CRC 449.312832
CUC 1
CUP 24.064952
CVE 100.150394
CZK 22.139304
DJF 178.554905
DKK 6.782304
DOP 60.996961
DZD 137.215041
EGP 53.502064
ERN 15
ETB 164.576405
EUR 0.90715
FJD 2.27435
FKP 0.756884
GBP 0.755715
GEL 2.590391
GGP 0.756884
GHS 11.72504
GIP 0.756884
GMD 74.000355
GNF 8883.748356
GTQ 7.646644
GYD 209.264655
HKD 7.845704
HNL 26.963306
HRK 6.831965
HTG 131.491813
HUF 331.003504
IDR 18235.4
ILS 3.216704
IMP 0.756884
INR 94.245504
IQD 1520.116116
IRR 1913737.503816
ISK 123.930386
JEP 0.756884
JMD 158.434254
JOD 0.70904
JPY 159.73504
KES 130.050385
KGS 87.435504
KHR 4080.00035
KMF 447.00035
KPW 900.00035
KRW 1335.320383
KWD 0.31147
KYD 0.835579
KZT 446.945163
LAK 22570.87132
LBP 89792.715562
LKR 333.505692
LRD 170.463102
LSL 16.951422
LTL 2.95274
LVL 0.60489
LYD 6.463464
MAD 9.936862
MDL 18.213816
MGA 4555.721867
MKD 55.830725
MMK 2099.848767
MNT 3604.365716
MOP 8.103688
MRU 40.552456
MUR 47.620378
MVR 15.403739
MWK 1738.739965
MXN 18.536504
MYR 4.086104
MZN 63.903729
NAD 16.951422
NGN 1343.570377
NIO 36.90298
NOK 9.57248
NPR 151.114437
NZD 1.809464
OMR 0.385095
PAB 1.000231
PEN 3.411802
PGK 4.575679
PHP 63.960375
PKR 277.274459
PLN 3.996535
PYG 6207.891986
QAR 3.64425
RON 4.851904
RSD 106.559038
RUB 82.829047
RWF 1483.467138
SAR 3.82571
SBD 8.097697
SCR 13.874904
SDG 601.503676
SEK 10.075038
SGD 1.287304
SHP 0.752984
SLE 23.050371
SLL 20969.503664
SOS 573.048487
SRD 37.49037
STD 20697.981008
STN 22.225246
SVC 8.773983
SYP 13002.000337
SZL 16.946523
THB 33.875038
TJS 9.249966
TMT 3.5
TND 3.008504
TOP 2.40776
TRY 50.333804
TTD 6.806368
TWD 32.891404
TZS 2655.145825
UAH 45.588969
UGX 4131.053487
UYU 40.541335
UZS 12057.876355
VES 912.87925
VND 25725.5
VUV 120.638016
WST 2.81058
XAF 595.051667
XAG 0.020459
XAU 0.00025782798
XCD 2.70255
XCG 1.807139
XDR 0.707052
XOF 595.051667
XPF 108.325037
YER 236.550363
ZAR 16.976255
ZMK 9001.203584
ZMW 20.500748
ZWL 321.999592
SSP 5946.454122
MXV 2.081672
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Biden urges world to 'step up' climate fight at COP27
Biden urges world to 'step up' climate fight at COP27 / Photo: © AFP

Biden urges world to 'step up' climate fight at COP27

President Joe Biden vowed at UN climate talks on Friday that the United States was on track to slash its carbon emissions, urging all nations to ramp up their own efforts to avert catastrophic global warming.

Text size:

Biden touted the passage of a massive, $369 billion spending package to green the United States economy as an example for the entire world.

While the US spending on its own renewable energy push has been praised by activists, Washington has come under criticism for falling short on its pledges to financially help developing countries with their own transitions and to cope with intensifying climate-induced impacts.

"The climate crisis is about human security, economic security, environmental security, national security and the very life of the planet," Biden told an audience at the COP27 in the Egyptian seaside resort of Sharm el-Sheikh.

Biden said the United States is "on track" to achieve its pledge of cutting emissions 50-52 percent below 2005 levels by 2030.

"To permanently bend the emissions curve, every nation needs to step up. At this gathering, we must renew and raise our climate ambitions," he said.

"The United States has acted, everyone has to act. It's a duty and responsibility of global leadership."

His speech, which lasted about 22 minutes, was briefly interrupted by unidentified people in the crowd making howling noises and attempting to unfurl a banner protesting fossil fuels.

New research shows just how dauntingly hard it will be to meet the Paris Agreement's most ambitious goal of capping global warming at 1.5 degrees Celsius above preindustrial levels -- requiring emissions to be slashed nearly in half by 2030.

The new study -- published on Friday in the journal Earth System Science Data -- found that CO2 emissions from fossil fuels are on track to rise one percent in 2022 to reach an all-time high.

Biden's visit to the COP, lasting only a few hours, came three days after US midterm elections that have raised questions about what the result could mean for US climate policy.

Before his speech, Biden met Egyptian President Abdel Fattah al-Sisi on the sidelines of COP27, where he raised human rights issues with his host amid concerns over the health of jailed dissident Alaa Abdel Fattah, who is on a hunger strike.

- War 'enhances urgency' -

The lightning visit to Egypt marks the start of a week-long trip abroad that will also take him to an ASEAN regional summit in Cambodia at the weekend, before he travels to Indonesia for G20 talks.

Russia's invasion of Ukraine, which has sent energy prices soaring, has raised concerns that solving the climate problem has dropped on the priority list of many countries.

"Russia's war only enhances the urgency of the need to transition the world off its dependence on fossil fuels," Biden said.

In his speech, however, Biden did not mention another issue that has been at the forefront of the COP27 meeting: calls for the United States and other rich polluters to compensate developing countries for the damage caused by natural disasters.

Calling out the United States as "the historic polluter", Mohamed Adow, founder of the think tank Power Shift Africa, said Washington has been an obstacle to the establishment of a "loss and damage" fund.

The issue was officially placed on the agenda of COP27, with fraught negotiations expected before the meeting ends on November 18.

- 'Super-Emitter' -

Germany's climate envoy, Jennifer Morgan, told reporters that Biden's attendance at COP27 was a "very good sign" that reassures other countries that "the United States at the highest level takes this issue incredibly seriously".

US climate envoy John Kerry presented this week a public-private partnership aimed at supporting the transition to renewable energy in developing nations and based on a carbon credit system.

But the plan has been panned by activists wary of firms using these to "offset" their carbon emissions.

The White House announced Friday plans to require federal contractors to set targets to reduce their emissions in line with the Paris Agreement.

It also aims to step up efforts to cut methane emissions -- a major contributor to global warming -- with a "Super-Emitter Response Programme" that would require companies to act on leaks reported by "credible" third parties.

Biden has also pledged to contribute $11.4 billion to a $100 billion per-year-scheme through which rich countries will help developing nations transition to renewable energies and build climate resilience.

But Democrats may be running out of time to honour that as control of the House of Representatives appears poised to shift to the Republicans from January in the wake of this week's mid-term elections.

X.Gu--ThChM