Commodities and Futures News

Rich nations must stick to climate promises, says U.S. envoy Kerry

2022.05.07 12:55

Rich nations must stick to climate promises, says U.S. envoy Kerry
U.S. Special Presidential Envoy for Climate John Kerry poses for a picture in central Oslo, Norway, May 7, 2022. REUTERS/Gwladys Fouche

By Gwladys Fouche

OSLO (Reuters) – The world’s richest nations must implement their promises to keep alive a global goal to avoid the worst impacts of climate change, U.S. climate envoy John Kerry told Reuters on Saturday.

Kerry said progress was vital as Egypt prepares to host the next round of U.N. climate talks, known as COP27, in November in Sharm el-Sheikh.

For the meeting to be a success, the 20 richest nations accounting for 65% of global gross domestic product (GDP) must stay committed to limiting global warming to 1.5 degrees Celsius, as they did at last year’s U.N. summit in Glasgow, he said.

“That is critical,” Kerry said in an interview. “Those 20 countries account for 80% of all (greenhouse gas) emissions. If those countries move, we solve the problem.”

Some progress is being made but not enough, and changes also need to happen more quickly, he said.

“There’s a lot happening, many people pursuing new technologies or many people investing,” he said, speaking a day after meeting Norwegian officials.

“But we need to be working faster at the government level to be organising ourselves so that there are more bankable deals, so that there is a place for money to invest, and that takes some coordination between government and the private sector.”

Addressing global crises such as the COVID-19 pandemic and the war in Ukraine have taken some focus away from efforts to combat climate change, Kerry said.

At the same time, “it underscores the imperative of being energy independent and for not being a hostage to gas, a fossil fuel held by somebody who is ready to weaponise that fuel”, he said referring to Russian President Vladimir Putin.

“No country should be dependent that way. Nobody has to be (with renewables),” he said.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,887.33 1.80%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,837.70 7.15%
tether
Tether (USDT) $ 1.00 0.02%
solana
Solana (SOL) $ 191.61 3.23%
bnb
BNB (BNB) $ 596.77 2.12%
usd-coin
USDC (USDC) $ 1.00 0.10%
xrp
XRP (XRP) $ 0.549594 3.18%
dogecoin
Dogecoin (DOGE) $ 0.193396 1.47%
staked-ether
Lido Staked Ether (STETH) $ 2,837.33 7.17%
cardano
Cardano (ADA) $ 0.389019 9.77%
tron
TRON (TRX) $ 0.1603 2.04%
the-open-network
Toncoin (TON) $ 4.90 4.50%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,352.91 6.94%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 2.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,812.31 1.81%
avalanche-2
Avalanche (AVAX) $ 27.21 3.73%
weth
WETH (WETH) $ 2,834.95 6.99%
chainlink
Chainlink (LINK) $ 12.41 4.42%
bitcoin-cash
Bitcoin Cash (BCH) $ 380.69 3.01%
sui
Sui (SUI) $ 2.33 3.31%
polkadot
Polkadot (DOT) $ 4.14 2.18%
leo-token
LEO Token (LEO) $ 6.24 0.20%
usds
USDS (USDS) $ 0.988114 1.57%
uniswap
Uniswap (UNI) $ 9.08 2.43%
litecoin
Litecoin (LTC) $ 71.31 2.05%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,986.24 7.31%
near
NEAR Protocol (NEAR) $ 4.21 3.23%
aptos
Aptos (APT) $ 9.75 5.66%
pepe
Pepe (PEPE) $ 0.00001 12.59%
bittensor
Bittensor (TAO) $ 516.48 0.17%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 2.54%
internet-computer
Internet Computer (ICP) $ 7.74 1.44%
dai
Dai (DAI) $ 1.00 0.05%
monero
Monero (XMR) $ 164.34 0.99%
ethereum-classic
Ethereum Classic (ETC) $ 19.91 4.19%
kaspa
Kaspa (KAS) $ 0.118363 0.86%
stellar
Stellar (XLM) $ 0.099382 3.36%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
whitebit
WhiteBIT Coin (WBT) $ 19.29 0.04%
aave
Aave (AAVE) $ 184.28 11.40%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.343288 5.46%
blockstack
Stacks (STX) $ 1.68 1.87%
okb
OKB (OKB) $ 40.03 2.29%
crypto-com-chain
Cronos (CRO) $ 0.087577 3.15%
dogwifcoin
dogwifhat (WIF) $ 2.36 2.13%
first-digital-usd
First Digital USD (FDUSD) $ 0.997334 0.53%
arbitrum
Arbitrum (ARB) $ 0.572903 9.20%
filecoin
Filecoin (FIL) $ 3.76 4.30%
mantle
Mantle (MNT) $ 0.650928 10.70%