Commodities and Futures News

We’re on a highway to climate hell, U.N. boss warns

2022.11.07 06:17



© Reuters. Egyptian President Abdel Fattah al-Sisi, Secretary-General of the United Nations Antonio Guterres, Saudi Adel Al-Jubeir, Egypt’s Foreign Minister Sameh Hassan Shoukry, Crown Prince and the Prime Minister of Bahrain Salman bin Hamad Al Khalifa and other le

By Valerie Volcovici

SHARM EL-SHEIKH, EGYPT (Reuters) – United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe.

The speech was intended to set an urgent tone as governments sit down for two weeks of talks on how to avert the worst impacts of climate change, even as they are distracted by Russia’s war in Ukraine, rampant consumer inflation and energy shortages.

“Humanity has a choice: cooperate or perish,” Guterres told delegates gathered in the seaside resort town of Sharm el-Sheikh. Leaders from countries from Britain to Saudi Arabia were scheduled to speak later in the day.

Guterres called for a pact between the world’s richest and poorest countries to accelerate the transition from fossil fuels and speed up delivery of the funding needed to ensure poorer countries can reduce emissions and cope with the unavoidable impacts of warming that has already occurred.

“The two largest economies – the United States and China – have a particular responsibility to join efforts to make this pact a reality,” he said.

Guterres asked countries to agree to phase out the use of coal, one of the most carbon-intense fuels, by 2040 globally, with members of the Organisation for Economic Cooperation and Development hitting that mark by 2030.

Despite decades of climate talks – the Egypt COP is the 27th Conference of the Parties – progress has been insufficient to save the planet from excessive warming as countries are too slow or reluctant to act, he noted.

“Greenhouse gas emissions keep growing. Global temperatures keep rising. And our planet is fast approaching tipping points that will make climate chaos irreversible,” he said. “We are on a highway to climate hell with our foot on the accelerator.”

Signatories to the 2015 Paris climate agreement pledged to achieve a long-term goal of keeping global temperatures from rising more than 1.5°C above pre-industrial levels.

Scientists have set this as the ceiling for avoiding catastrophic climate change.

Guterres said that to keep any hope alive of meeting that goal means achieving global net zero emissions by 2050.

“It is either a Climate Solidarity Pact – or a Collective Suicide Pact,” he said.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,333.35 4.32%
ethereum
Ethereum (ETH) $ 3,481.15 2.30%
tether
Tether (USDT) $ 0.999619 0.14%
xrp
XRP (XRP) $ 2.31 3.13%
bnb
BNB (BNB) $ 699.38 1.46%
solana
Solana (SOL) $ 199.22 5.17%
dogecoin
Dogecoin (DOGE) $ 0.337471 4.70%
usd-coin
USDC (USDC) $ 1.00 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,479.69 2.34%
cardano
Cardano (ADA) $ 0.934976 2.20%
tron
TRON (TRX) $ 0.256102 1.40%
avalanche-2
Avalanche (AVAX) $ 41.22 6.88%
chainlink
Chainlink (LINK) $ 25.11 4.23%
the-open-network
Toncoin (TON) $ 5.88 5.08%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,130.76 2.26%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 5.95%
sui
Sui (SUI) $ 4.62 1.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,916.23 4.18%
hedera-hashgraph
Hedera (HBAR) $ 0.320604 12.23%
stellar
Stellar (XLM) $ 0.397938 8.35%
polkadot
Polkadot (DOT) $ 7.53 3.25%
hyperliquid
Hyperliquid (HYPE) $ 30.10 4.36%
weth
WETH (WETH) $ 3,482.12 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 468.24 2.33%
leo-token
LEO Token (LEO) $ 9.48 1.47%
uniswap
Uniswap (UNI) $ 14.44 2.35%
litecoin
Litecoin (LTC) $ 108.11 2.27%
pepe
Pepe (PEPE) $ 0.000019 5.13%
bitget-token
Bitget Token (BGB) $ 4.98 18.40%
near
NEAR Protocol (NEAR) $ 5.56 2.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,673.73 2.24%
ethena-usde
Ethena USDe (USDE) $ 0.999289 0.12%
aave
Aave (AAVE) $ 369.83 2.01%
aptos
Aptos (APT) $ 9.83 3.16%
internet-computer
Internet Computer (ICP) $ 11.34 6.48%
usds
USDS (USDS) $ 0.999563 0.04%
crypto-com-chain
Cronos (CRO) $ 0.162984 1.41%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.525779 5.15%
vechain
VeChain (VET) $ 0.052716 9.95%
ethereum-classic
Ethereum Classic (ETC) $ 27.84 2.05%
mantle
Mantle (MNT) $ 1.23 3.44%
render-token
Render (RENDER) $ 7.80 1.44%
bittensor
Bittensor (TAO) $ 501.98 3.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 2.48%
mantra-dao
MANTRA (OM) $ 3.80 0.12%
whitebit
WhiteBIT Coin (WBT) $ 24.89 2.12%
monero
Monero (XMR) $ 192.15 1.25%
arbitrum
Arbitrum (ARB) $ 0.814759 2.39%
dai
Dai (DAI) $ 1.00 0.05%
filecoin
Filecoin (FIL) $ 5.46 6.13%