The Prague Post - World leaders gather for climate talks under cloud of crises

EUR -
AED 4.176583
AFN 75.049755
ALL 93.588017
AMD 417.004635
AOA 1042.738243
ARS 1702.037602
AUD 1.626535
AWG 2.049658
AZN 1.934129
BAM 1.951903
BBD 2.290557
BDT 140.38969
BHD 0.428808
BIF 3394.301894
BMD 1.13712
BND 1.467129
BOB 12.799837
BRL 5.832327
BSD 1.137244
BTN 109.018641
BWP 15.614441
BYN 3.262515
BYR 22287.543424
BZD 2.287253
CAD 1.606238
CDF 2569.890314
CHF 0.930843
CLF 0.027169
CLP 1069.324633
CNY 7.693865
CNH 7.692324
COP 3643.058169
CRC 517.568868
CUC 1.13712
CUP 30.133668
CVE 110.698335
CZK 24.193926
DJF 202.089027
DKK 7.475054
DOP 66.285736
DZD 151.727028
EGP 57.642638
ERN 17.056793
ETB 181.910682
FJD 2.536061
FKP 0.853565
GBP 0.855057
GEL 2.984917
GGP 0.853565
GHS 13.24773
GIP 0.853565
GMD 84.147079
GNF 9961.167739
GTQ 8.677636
GYD 237.844518
HKD 8.917007
HNL 30.446377
HRK 7.536602
HTG 148.666433
HUF 359.842106
IDR 20538.653537
ILS 3.474813
IMP 0.853565
INR 108.900064
IQD 1489.626627
IRR 1563681.538046
ISK 142.592248
JEP 0.853565
JMD 179.92076
JOD 0.806193
JPY 186.169604
KES 147.255225
KGS 99.44087
KHR 4595.656402
KMF 492.373094
KRW 1666.289206
KWD 0.353008
KYD 0.947745
KZT 540.408613
LAK 25761.443854
LBP 101829.056893
LKR 382.416446
LRD 206.043802
LSL 19.137644
LTL 3.357619
LVL 0.687832
LYD 7.283254
MAD 10.646284
MDL 19.987882
MGA 4898.140071
MKD 61.407391
MMK 2387.426982
MNT 4083.989575
MOP 9.18616
MRU 45.541058
MUR 53.831668
MVR 17.568831
MWK 1975.17702
MXN 19.846151
MYR 4.6482
MZN 72.659852
NAD 19.137386
NGN 1551.985981
NIO 41.68664
NOK 10.977878
NPR 174.422738
NZD 1.968466
OMR 0.437261
PAB 1.137249
PEN 3.869052
PGK 4.997647
PHP 70.177371
PKR 315.948915
PLN 4.323192
PYG 6877.268455
QAR 4.143834
RON 5.229138
RSD 117.388284
RUB 88.71172
RWF 1667.017279
SAR 4.26157
SBD 9.189182
SCR 15.985492
SDG 682.842734
SEK 11.086143
SGD 1.468141
SLE 27.546714
SOS 649.866545
SRD 42.904675
STD 23536.079107
STN 24.959774
SVC 9.951131
SZL 19.138277
THB 38.241031
TJS 10.497256
TMT 3.979918
TND 3.369282
TRY 53.850004
TTD 7.723646
TWD 36.724872
TZS 2998.019122
UAH 51.07542
UGX 4270.529551
USD 1.13712
UYU 45.668815
UZS 13651.120127
VES 842.948326
VND 29923.301286
VUV 135.41767
WST 3.134266
XAF 654.675745
XAG 0.019473
XAU 0.000279
XCD 3.073123
XCG 2.049608
XDR 0.813528
XOF 653.843959
XPF 119.331742
YER 271.259791
ZAR 19.046171
ZMK 10235.43865
ZMW 21.250225
ZWL 366.152035
  • CMSC

    0.0250

    21.75

    +0.11%

  • RBGPF

    -0.7300

    66

    -1.11%

  • RYCEF

    0.8000

    18.87

    +4.24%

  • VOD

    0.6500

    15.8

    +4.11%

  • BTI

    -0.1400

    60.82

    -0.23%

  • RIO

    0.7300

    91.95

    +0.79%

  • GSK

    0.6300

    51.98

    +1.21%

  • RELX

    1.2400

    35.65

    +3.48%

  • NGG

    -1.0900

    81.21

    -1.34%

  • AZN

    0.3800

    169.64

    +0.22%

  • CMSD

    0.0700

    22.05

    +0.32%

  • BP

    -1.5100

    42.31

    -3.57%

  • JRI

    -0.1500

    12.91

    -1.16%

  • BCC

    0.3800

    78.22

    +0.49%

  • BCE

    -0.0600

    21.24

    -0.28%

World leaders gather for climate talks under cloud of crises
World leaders gather for climate talks under cloud of crises / Photo: Fida HUSSAIN - 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.

B.Svoboda--TPP