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

USD -
AED 3.672951
AFN 71.558187
ALL 86.949703
AMD 389.939894
ANG 1.80229
AOA 916.000317
ARS 1172.476696
AUD 1.561585
AWG 1.8
AZN 1.701257
BAM 1.720875
BBD 2.018575
BDT 121.46782
BGN 1.724865
BHD 0.37693
BIF 2935
BMD 1
BND 1.306209
BOB 6.908081
BRL 5.675402
BSD 0.99974
BTN 84.489457
BWP 13.685938
BYN 3.271726
BYR 19600
BZD 2.008192
CAD 1.37965
CDF 2873.000245
CHF 0.824797
CLF 0.024788
CLP 951.230135
CNY 7.27135
CNH 7.26981
COP 4230.95
CRC 504.973625
CUC 1
CUP 26.5
CVE 97.625021
CZK 22.015303
DJF 177.720302
DKK 6.588641
DOP 58.850097
DZD 132.747802
EGP 50.819099
ERN 15
ETB 131.849876
EUR 0.88269
FJD 2.25995
FKP 0.7464
GBP 0.75015
GEL 2.744943
GGP 0.7464
GHS 15.310273
GIP 0.7464
GMD 71.501942
GNF 8655.000085
GTQ 7.69911
GYD 209.794148
HKD 7.75557
HNL 25.825001
HRK 6.652104
HTG 130.612101
HUF 357.034028
IDR 16555.85
ILS 3.632502
IMP 0.7464
INR 84.561203
IQD 1310
IRR 42112.502894
ISK 128.619806
JEP 0.7464
JMD 158.264519
JOD 0.709202
JPY 142.996503
KES 129.497453
KGS 87.449854
KHR 4002.000267
KMF 434.500129
KPW 899.962286
KRW 1424.78963
KWD 0.30649
KYD 0.833176
KZT 513.046807
LAK 21615.000122
LBP 89599.999489
LKR 299.271004
LRD 199.599929
LSL 18.62946
LTL 2.95274
LVL 0.60489
LYD 5.455027
MAD 9.26225
MDL 17.160656
MGA 4510.000077
MKD 54.336067
MMK 2099.391763
MNT 3573.279231
MOP 7.987805
MRU 39.750134
MUR 45.160109
MVR 15.409739
MWK 1736.000366
MXN 19.611535
MYR 4.314501
MZN 64.000391
NAD 18.629918
NGN 1602.700142
NIO 36.709923
NOK 10.413499
NPR 135.187646
NZD 1.684948
OMR 0.384997
PAB 0.99974
PEN 3.666505
PGK 4.030498
PHP 55.776055
PKR 281.050238
PLN 3.77705
PYG 8007.144837
QAR 3.6415
RON 4.394201
RSD 103.431043
RUB 81.984818
RWF 1417
SAR 3.751037
SBD 8.361298
SCR 14.237635
SDG 600.506616
SEK 9.65361
SGD 1.3064
SHP 0.785843
SLE 22.789913
SLL 20969.483762
SOS 572.000168
SRD 36.846991
STD 20697.981008
SVC 8.747487
SYP 13001.4097
SZL 18.630625
THB 33.380209
TJS 10.537222
TMT 3.5
TND 2.96375
TOP 2.342097
TRY 38.510085
TTD 6.771697
TWD 32.046702
TZS 2689.999987
UAH 41.472624
UGX 3662.201104
UYU 42.065716
UZS 12945.000226
VES 86.73797
VND 26005
VUV 120.409409
WST 2.768399
XAF 577.175439
XAG 0.030673
XAU 0.000304
XCD 2.70255
XDR 0.71673
XOF 576.000124
XPF 105.650376
YER 244.949962
ZAR 18.594925
ZMK 9001.203019
ZMW 27.817984
ZWL 321.999592
  • RBGPF

    -0.4500

    63

    -0.71%

  • CMSC

    -0.2300

    22.01

    -1.04%

  • RYCEF

    -0.2500

    10

    -2.5%

  • BCC

    -1.2200

    93.28

    -1.31%

  • SCS

    -0.0900

    9.92

    -0.91%

  • BCE

    0.3300

    22.25

    +1.48%

  • NGG

    -0.0400

    73

    -0.05%

  • RELX

    0.8400

    54.63

    +1.54%

  • CMSD

    -0.0500

    22.3

    -0.22%

  • RIO

    -1.4800

    59.4

    -2.49%

  • VOD

    0.1800

    9.76

    +1.84%

  • JRI

    -0.0200

    12.91

    -0.15%

  • AZN

    0.0800

    71.79

    +0.11%

  • GSK

    0.8800

    39.85

    +2.21%

  • BTI

    0.6900

    43.55

    +1.58%

  • BP

    -0.6100

    27.46

    -2.22%

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