U.S. President Joe Biden told the COP27 climate conference in Egypt that global warming posed an existential threat to the planet and promised the United States would meet its targets for fighting it. | Reuters
Prior to his arrival, Biden’s administration unveiled a domestic plan to crack down on the U.S. oil and gas industry’s emissions of methane, one of the most powerful greenhouse gases. The move defied months of lobbying by drillers.
Biden said global crises, including the Russian invasion of Ukraine, were not an excuse to lower climate ambition. Many countries, including the United States and members of the European Union, have also been calling for a near-term increase in the supply of fossil fuels to bring down consumer energy prices that spiked after Russia’s Feb. 24 invasion of Ukraine.
That issue has been a sore point at the talks; wealthy nations have so far failed to fully deliver $100 billion promised annually for climate adaptation. Last year’s transfer came to only about $83 billion. Harjeet Singh, head of policy and advocacy group Climate Action Network International, also criticized Biden for not providing clear support for a proposal to have wealthy nations pay for climate damage in poor countries.
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