The Prague Post - Biden urges world to 'step up' climate fight at COP27

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
  • RBGPF

    -0.7300

    66

    -1.11%

  • CMSC

    0.0250

    21.75

    +0.11%

  • GSK

    0.6300

    51.98

    +1.21%

  • BTI

    -0.1400

    60.82

    -0.23%

  • AZN

    0.3800

    169.64

    +0.22%

  • RIO

    0.7300

    91.95

    +0.79%

  • CMSD

    0.0700

    22.05

    +0.32%

  • BCE

    -0.0600

    21.24

    -0.28%

  • NGG

    -1.0900

    81.21

    -1.34%

  • RYCEF

    0.8000

    18.87

    +4.24%

  • RELX

    1.2400

    35.65

    +3.48%

  • BCC

    0.3800

    78.22

    +0.49%

  • JRI

    -0.1500

    12.91

    -1.16%

  • BP

    -1.5100

    42.31

    -3.57%

  • VOD

    0.6500

    15.8

    +4.11%

Biden urges world to 'step up' climate fight at COP27
Biden urges world to 'step up' climate fight at COP27 / Photo: SAUL LOEB - 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.

R.Rous--TPP