US climate envoy says there needs to be work on details of ‘loss and damage’ fund in 2023
in Sharm el-Sheikh, and pushback from oil-producing countries prevented stronger resolutions from being passed on the phase-down of fossil fuels and on reaffirming the global target of limiting temperature rises to 1.5C above pre-industrial levels.
Kerry rebuffed such concerns. “I think it’s ideal that UAE, which is an oil- and gas-producing nation, has had the courage to stand up and say, ‘We’re going to lead a Cop that’s going to address this challenge,’” he said. “They’re on the cutting edge of a lot of [low-carbon technology], they’ve invested vast sums in renewable energy, they’re on the cutting edge of research into nuclear, green hydrogen, batteries,” he said. “I think it’s a really great statement that a country that has had great wealth produced as a result of the old energy economy is now looking to the new energy economy. And is going to be the site of an honest discussion about it.
While discussions on climate finance are urgently needed, cutting emissions must also be a key focus, Kerry insisted. “We can’t walk away from [that],” he said. “You can’t take a holiday [from cutting emissions] because if you do, you’re simply contributing much greater levels of loss and damage and making it harder for the planet as a whole to meet this crisis.”The planet's most important stories.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China is bad news for the global economy in 2023, warns IMF headIts COVID-19 woes add to weakening activity in the US and Europe, the International Monetary Fund’s managing director, Kristalina Georgieva, says.
Read more »
Ukraine ushers in 2023 weathering deadly missile barrageUkrainians have woken to a grim 2023, reeling from more sirens and fresh missile attacks as the death toll from Russia's massive New Year's Eve assault climbs. 9News
Read more »
How to make the most of your annual leave in 2023Here&x27;s a full list of the public holidays in each state and territory for 2023 and 2024
Read more »
Sport, TV, tech and fashion: what does 2023 have in store for us?From culture to politics, the cost of living crisis, lifestyle, the environment and science – the next 12 months will bring new stars, trends and challenges. Our experts point the way
Read more »
King Charles and Camilla kick-off 2023 at New Year's Day serviceKing Charles and Queen Consort Camilla commenced 2023 by cheerfully greeting well-wishers at the New Year’s Day service at Sandringham, while Zara Tindall was photographed beaming alongside her eight-year-old daughter at Cheltenham Racecourse.
Read more »