Dubai Telegraph - Biden urges world to 'step up' climate fight at COP27

EUR -
AED 4.375983
AFN 78.643058
ALL 96.58421
AMD 452.507034
ANG 2.132979
AOA 1092.655973
ARS 1720.646167
AUD 1.702052
AWG 2.144799
AZN 1.994202
BAM 1.955357
BBD 2.405937
BDT 145.956951
BGN 2.001062
BHD 0.449262
BIF 3538.973885
BMD 1.191555
BND 1.511261
BOB 8.253339
BRL 6.188218
BSD 1.194505
BTN 109.898422
BWP 15.577453
BYN 3.374405
BYR 23354.481892
BZD 2.402437
CAD 1.611775
CDF 2689.940429
CHF 0.916201
CLF 0.025922
CLP 1023.546213
CNY 8.279404
CNH 8.277977
COP 4352.75114
CRC 591.052975
CUC 1.191555
CUP 31.576213
CVE 110.242351
CZK 24.327088
DJF 212.712547
DKK 7.467602
DOP 75.054029
DZD 154.184086
EGP 55.796005
ERN 17.873328
ETB 185.836015
FJD 2.618321
FKP 0.864594
GBP 0.866273
GEL 3.211194
GGP 0.864594
GHS 13.049374
GIP 0.864594
GMD 87.582685
GNF 10483.121962
GTQ 9.165117
GYD 249.899707
HKD 9.302168
HNL 31.52583
HRK 7.534919
HTG 156.585571
HUF 380.916966
IDR 19994.296232
ILS 3.686904
IMP 0.864594
INR 109.500169
IQD 1564.726005
IRR 50194.262927
ISK 144.999784
JEP 0.864594
JMD 187.430931
JOD 0.844788
JPY 183.319637
KES 154.03242
KGS 104.201491
KHR 4794.218086
KMF 490.920784
KPW 1072.479687
KRW 1714.177233
KWD 0.36539
KYD 0.995362
KZT 600.016586
LAK 25694.260282
LBP 106970.807356
LKR 369.567175
LRD 220.974601
LSL 18.847198
LTL 3.518353
LVL 0.720759
LYD 7.503679
MAD 10.816923
MDL 20.092052
MGA 5339.171934
MKD 61.662346
MMK 2502.757853
MNT 4250.149086
MOP 9.602805
MRU 47.653209
MUR 53.798635
MVR 18.421741
MWK 2071.27876
MXN 20.575658
MYR 4.697707
MZN 75.973614
NAD 18.845696
NGN 1659.098076
NIO 43.966502
NOK 11.444286
NPR 175.860008
NZD 1.96952
OMR 0.458172
PAB 1.19446
PEN 3.994496
PGK 5.191565
PHP 70.223095
PKR 334.136374
PLN 4.207078
PYG 8015.790446
QAR 4.354305
RON 5.096879
RSD 117.408628
RUB 89.657039
RWF 1742.807764
SAR 4.469232
SBD 9.624997
SCR 16.807192
SDG 716.736374
SEK 10.552627
SGD 1.509975
SHP 0.893975
SLE 28.955703
SLL 24986.315863
SOS 681.494305
SRD 45.283266
STD 24662.78687
STN 24.497948
SVC 10.451502
SYP 13178.09396
SZL 18.84092
THB 37.380873
TJS 11.156308
TMT 4.170443
TND 3.420697
TOP 2.868979
TRY 51.793571
TTD 8.107198
TWD 37.415189
TZS 3056.339186
UAH 51.122771
UGX 4249.144856
USD 1.191555
UYU 45.200714
UZS 14534.526007
VES 427.14412
VND 30897.026299
VUV 142.473093
WST 3.23723
XAF 655.79475
XAG 0.010764
XAU 0.000229
XCD 3.220237
XCG 2.152685
XDR 0.815673
XOF 655.841524
XPF 119.331742
YER 284.066617
ZAR 18.867019
ZMK 10725.425812
ZMW 23.621436
ZWL 383.680288
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0392

    24.09

    +0.16%

  • BCC

    -0.5500

    80.3

    -0.68%

  • CMSC

    0.0100

    23.71

    +0.04%

  • RYCEF

    -0.0700

    16.88

    -0.41%

  • VOD

    0.1400

    14.71

    +0.95%

  • RELX

    -1.2100

    36.17

    -3.35%

  • BCE

    0.2200

    25.49

    +0.86%

  • RIO

    1.7600

    95.13

    +1.85%

  • NGG

    0.3900

    85.07

    +0.46%

  • JRI

    -0.0500

    12.94

    -0.39%

  • GSK

    0.5600

    50.66

    +1.11%

  • AZN

    -0.6300

    92.59

    -0.68%

  • BTI

    0.0600

    60.22

    +0.1%

  • BP

    0.3400

    38.04

    +0.89%

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.

F.Damodaran--DT