G20 offers little new on climate, leaving unfinished business for COP26 Conference By Reuters – News Couple
BUSINESS NEWS

G20 offers little new on climate, leaving unfinished business for COP26 Conference By Reuters


5/5

© Reuters. British Prime Minister Boris Johnson, French President Emmanuel Macron, German Chancellor Angela Merkel and US President Joe Biden pose for a family photo before a meeting during the G20 Leaders Summit in Rome, Italy, October 30, 2021. Kirsty W

2/5

Written by Gavin Jones, Jan Strochevsky and Crispian Palmer

ROME (Reuters) – G20 leaders agreed on a final statement on Sunday that urged “meaningful and effective” action to curb global warming, but made few concrete commitments, angering climate activists. com / world / europe / thousands – view rome-g20-discussion-climate-2021-10-30.

The outcome of days of difficult negotiations among diplomats leaves a huge amount of work to be done at the broader UN COP26 climate summit https://www.reuters.com/business/environment/sticking-points-un-climate-conference-2021-10 – 18 in Scotland starting this week.

Italian Prime Minister Mario Draghi praised the Rome gathering, saying for the first time that all G20 nations agreed on the importance of putting an end to global warming at the 1.5°C level that scientists say is vital to averting catastrophe.

“We made sure that our dreams are not only alive but moving forward,” Draghi said at a closing press conference, ignoring criticism from environmentalists that the G20 had not gone far enough to resolve the crisis.

UN Secretary-General Antonio Guterres, who warned Friday that the world was racing recklessly toward climate catastrophe, said the Rome summit was not all he had hoped for.

“While I welcome the G20’s recommitment to global solutions, I leave Rome and my hopes unfulfilled – but at least they are not buried,” he said in a tweet on Twitter.

The G-20, which includes Brazil, China, India, Germany and the United States, accounts for 60% of the world’s population and an estimated 80% of global greenhouse gas emissions.

The 1.5°C threshold https://www.reuters.com/business/environment/climate-targets-making-sense-promises-2021-10-18 is what UN experts say must be met to avoid a major acceleration in extreme weather events Such as droughts, storms and floods, and to reach them they recommend that net zero emissions should be achieved by 2050.

The stakes are enormous – among them low country survival, impact on economic livelihoods around the world, and stability https://www.reuters.com/business/cop/climate-change-what-are-economic-quotes-2021-10- 25 for the global financial system.

“This was a moment for the G20 to act with the responsibility it bears as the biggest emitters, yet we are seeing only half-measures rather than concrete urgent action,” said Frederic Roeder, Vice President of Sustainable Development Advocacy Global Citizen Group.

The summit’s final document said existing national plans on how to reduce emissions should be strengthened “if necessary” and did not specifically refer to 2050 as the date for achieving net zero emissions.

“We are aware that the impacts of climate change at 1.5°C are much less than 2°C. Maintaining 1.5°C within reach will require targeted and effective actions and the commitment of all nations,” the statement said.

Consequences of inactivity

Leaders recognized only the “key importance” of stopping net emissions “by the middle of the century or around”. This removed the 2050 date seen in earlier versions of the closing statement to make the goal less specific.

China, the world’s largest emitter of carbon dioxide, has set a target date of 2060, and other polluters such as India and Russia have not met the target date of 2050.

German Chancellor Angela Merkel said the agreement was a good signal for COP26, but Canadian Prime Minister Justin Trudeau indicated he would have liked to see more ambition.

“There is no doubt that Canada, along with a number of other countries, would have wished for stronger language and stronger commitments on combating climate change more than others,” he told reporters.

UN experts say that even if current national plans are fully implemented, the world is heading towards a global warming of 2.7°C, with dire consequences.

Draghi, the acting G20 president, said countries will continue to improve their plans to cut carbon emissions in the coming years, adding that he was surprised by how much countries such as China and Russia have changed their stance in recent days.

“It is easy to suggest difficult things. It is very, very difficult to actually implement them,” he said.

The G20 final statement includes a pledge to stop financing coal power generation abroad by the end of this year, but does not specify a date for the phase-out of coal power, promising to do so “as soon as possible”.

This replaced the target set in an earlier draft of the Final Communiqué to achieve this by the end of 2030, showing strong resistance from some coal-dependent countries.

The G20 also did not set a date for phasing out fossil fuel subsidies, saying it would aim to do so “in the medium term”.

methane reduction

On methane, which has a stronger but less lasting impact than carbon dioxide on global warming, they softened their wording from an earlier draft that pledged to “seek to significantly reduce collective methane emissions.”

The closing statement just acknowledges that reducing methane emissions is “one of the fastest, most feasible and cost-effective ways to reduce climate change”.

G20 sources said negotiations have been tough on so-called “climate finance,” which refers to a 2009 pledge by rich nations to provide $100 billion annually by 2020 to help developing nations tackle climate change.

They failed to honor the pledge, creating mistrust and reluctance among some developing countries to accelerate their emissions cuts.

However, Draghi said the funding gap had narrowed to less than $20 billion and expected it to close further, with rich countries considering using IMF funding to make up for the shortfall.

World leaders will kick off COP26 on Monday with two days of speeches that could include some new pledges to cut emissions, before technical negotiators meet on the rules https://www.reuters.com/business/environment/climate-targets-making-promises-2021- 10-18 of the 2015 Paris Climate Agreement.

The United Nations said last week that greenhouse gas concentrations hit a record in 2020 and that the world was “off track” in putting an end to rising temperatures.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button