• U.S. and China release a joint statement for “strengthened cooperation for climate action”
    2021-11-23 hit 487

    U.S. and China release a joint statement for “strengthened cooperation for climate action”


    John Kerry, the U.S. Special Presidential Envoy for Climate, announced, “We will work together to accelerate emissions reductions required to reach the temperature goal.”


    Xie Zhenhua, China's special climate envoy, said, “A gap exists between current efforts and objectives, which requires greater cooperation.”


    The United States and China, the two biggest carbon-polluting countries, pledged strengthened cooperation for climate action in a joint statement, which was released at the United Nations Climate Change Conference (COP26) meeting on November 10th (local time) in Glasgow, United Kingdom.


    John Kerry, the U.S. Special Presidential Envoy for Climate and Xie Zhenhua, China's special climate envoy opened a separate press conference and announced the two countries will work together to accelerate emissions reductions required to reach the temperature goal of the 2015 Paris Agreement. He mentioned, “The core part of our announcement today is removing questions marks regarding China’s efforts on climate actions and having confidence that the U.S. and China can accelerate cooperation on our efforts for climate action.”


    Participating nations of the Paris Agreement pledged to limit global warming to below 2 degrees Celsius, preferably to a much ambitious target ? 1.5 degrees, compared to pre-industrial levels. Xie Zhenhua said, “Both sides recognize that there is a gap between the current effort exerted by nations and the objectives of the Paris agreement” and added, “We, therefore, will strengthen climate action and climate cooperation in line with our respective nation’s circumstances.”


    The draft of COP26 Communique was also released on the same day. The Communique calls for a halt of power generated from coal ? the single biggest culprit of carbon emissions by human beings. The draft also raised “warning and concern” on how much the Earth has already warmed and appealed nations to reduce CO2 emissions by half by 2030. Unfortunately, respective government’s announcements to reduce CO2 emissions will apparently result in a failure to reach this target.


    Although the draft does not set a definitive schedule, it strongly asks nations to accelerate their efforts for a gradual abolition of coal subsidies and fossil-fuel subsidies. However, Jennifer Morgan, the Executive Director of Greenpeace International, expressed concerns of falling short of this objective due to limited time frame, although phasing out coal subsidies and fossil-fuel subsidies in a gradual manner is the first agreement reached in the Paris Accords.


    The UN has three key objectives in response to the climate crisis: a) channeling $100 billion (KRW approx. 117 trillion 90 billion) a year by rich nations to less wealthy nations, to help them adapt to climate change and mitigate further rises in temperature, b) encouraging half of that amount to be used for their adaptation to global warming and c) significantly reducing global carbon emissions by 2030. Although the draft Communique is yet to be finalized, nations involved failed to include a unanimous agreement on these three objectives for now. The draft merely reiterates investing efforts to achieve net zero carbon emissions by 2050 ? a point agreed by participating nations at the G20 summit, which was reached a couple of days ahead of COP26.


    [This news is provided by Newsis]

    KITA held “Korea - Sweden Digital Economy and Trade Forum”
    Advanced nations are moving to introduce carbon tariffs, which might affect the global trading rules
Family Site