The Japan Times - World leaders gather for climate talks under cloud of crises

EUR -
AED 4.276798
AFN 76.973093
ALL 96.541337
AMD 443.660189
ANG 2.0846
AOA 1067.888653
ARS 1669.958677
AUD 1.752514
AWG 2.096182
AZN 1.984351
BAM 1.955625
BBD 2.34549
BDT 142.477215
BGN 1.956439
BHD 0.438161
BIF 3440.791247
BMD 1.164546
BND 1.508565
BOB 8.047278
BRL 6.334667
BSD 1.164496
BTN 104.702605
BWP 15.471612
BYN 3.348
BYR 22825.091832
BZD 2.34209
CAD 1.610159
CDF 2599.265981
CHF 0.936209
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4424.302993
CRC 568.848955
CUC 1.164546
CUP 30.860456
CVE 110.255106
CZK 24.203336
DJF 207.371392
DKK 7.470448
DOP 74.533312
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.629892
FJD 2.632397
FKP 0.873977
GBP 0.872678
GEL 3.138497
GGP 0.873977
GHS 13.246811
GIP 0.873977
GMD 85.012236
GNF 10119.091982
GTQ 8.9202
GYD 243.638138
HKD 9.065875
HNL 30.671248
HRK 7.535429
HTG 152.446321
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.873977
INR 104.760771
IQD 1525.563106
IRR 49041.926882
ISK 149.038983
JEP 0.873977
JMD 186.393274
JOD 0.825709
JPY 180.924237
KES 150.636483
KGS 101.839952
KHR 4662.581612
KMF 491.43861
KPW 1048.137083
KRW 1716.311573
KWD 0.357481
KYD 0.970513
KZT 588.927154
LAK 25252.733992
LBP 104283.942272
LKR 359.197768
LRD 204.961608
LSL 19.736529
LTL 3.438601
LVL 0.704422
LYD 6.330432
MAD 10.755735
MDL 19.814222
MGA 5194.533878
MKD 61.634469
MMK 2445.172268
MNT 4132.506664
MOP 9.338362
MRU 46.438833
MUR 53.651052
MVR 17.938355
MWK 2019.3188
MXN 21.165153
MYR 4.787492
MZN 74.426542
NAD 19.736529
NGN 1688.68458
NIO 42.856154
NOK 11.767853
NPR 167.523968
NZD 2.015483
OMR 0.44694
PAB 1.164595
PEN 3.914449
PGK 4.941557
PHP 68.66747
PKR 326.476804
PLN 4.229804
PYG 8009.281302
QAR 4.244719
RON 5.092096
RSD 117.389466
RUB 89.441974
RWF 1694.347961
SAR 4.370508
SBD 9.584899
SCR 15.747587
SDG 700.4784
SEK 10.946786
SGD 1.508673
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 664.340387
SRD 44.985272
STD 24103.740676
STN 24.497802
SVC 10.190086
SYP 12876.900539
SZL 19.72123
THB 37.119932
TJS 10.684641
TMT 4.087555
TND 3.416093
TOP 2.803946
TRY 49.523506
TTD 7.894292
TWD 36.437508
TZS 2841.64501
UAH 48.888813
UGX 4119.630333
USD 1.164546
UYU 45.545913
UZS 13931.74986
VES 296.437311
VND 30697.419423
VUV 142.156724
WST 3.247609
XAF 655.898144
XAG 0.019964
XAU 0.000277
XCD 3.147243
XCG 2.098812
XDR 0.815727
XOF 655.898144
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.923584
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • BCC

    -1.2100

    73.05

    -1.66%

  • NGG

    -0.5000

    75.41

    -0.66%

  • VOD

    -0.1630

    12.47

    -1.31%

  • RELX

    -0.2200

    40.32

    -0.55%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • BCE

    0.3300

    23.55

    +1.4%

  • JRI

    0.0400

    13.79

    +0.29%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RIO

    -0.6700

    73.06

    -0.92%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • GSK

    -0.1600

    48.41

    -0.33%

  • AZN

    0.1500

    90.18

    +0.17%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BP

    -1.4000

    35.83

    -3.91%

  • SCS

    -0.0900

    16.14

    -0.56%

World leaders gather for climate talks under cloud of crises
World leaders gather for climate talks under cloud of crises / Photo: Fida HUSSAIN - AFP/File

World leaders gather for climate talks under cloud of crises

World leaders meeting Monday for climate talks in Egypt are under pressure to deepen cuts in emissions and financially back developing countries already devastated by the effects of rising temperatures.

Text size:

The UN's COP27 climate summit in the Red Sea resort of Sharm el-Sheikh comes as nations worldwide are facing increasingly intense natural disasters that have taken thousands of lives this year alone and cost billions of dollars.

At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite the economic crises linked to Russia's war on Ukraine, an energy crunch, soaring inflation and the persistent Covid-19 pandemic.

"The fear is other priorities take precedence," top United Nations climate change official Simon Stiell told a news conference.

The "fear is that we lose another day, another week, another month, another year -- because we can't", he said.

The world must slash greenhouse emissions 45 percent by 2030 to cap global warming at 1.5 degrees Celsius above late-19th-century levels.

But current trends would see carbon pollution increase 10 percent by the end of the decade and Earth's surface heat up 2.8C, according to findings unveiled in recent days.

Only 29 of 194 countries have presented improved climate plans, as called for at the UN talks in Glasgow last year, Stiell noted.

Some 110 heads of state and government are expected to participate in two days of talks, with the notable absence of Chinese leader Xi Jinping, whose country is the world's top emitter of greenhouse gases.

US President Joe Biden, whose country ranks second on the top-polluters list, will join COP27 later this week after midterm elections on Tuesday that could put Republicans hostile to international action on climate change in charge of Congress.

- 'Loss and damage' -

Fresh from his own election victory, Brazil's Luiz Inacio Lula da Silva is expected to attend the summit, with hopes high that he will protect the Amazon from deforestation after defeating climate-sceptic President Jair Bolsonaro.

Another new leader, British Prime Minister Rishi Sunak, reversed a decision not to attend the talks and is due to urge countries to move "further and faster" in transitioning away from fossil fuels.

He will also hold discussions with French President Emmanuel Macron.

On Sunday, the heads of developing nations won a small victory when delegates agreed to put the controversial issue of money for "loss and damage" on the summit agenda.

Pakistan, which chairs the powerful G77+China negotiating bloc of more than 130 developing nations, has made the issue a priority.

"We definitely regard this as a success for the parties," said Egypt's Sameh Shoukry, who chairs the COP27.

The United States and the European Union have dragged their feet on the issue for years, fearing it would create an open-ended reparations framework.

But European Commission Vice President Frans Timmermans welcomed the inclusion of loss and damage, tweeting that the "climate crisis has impacts beyond what vulnerable countries can shoulder alone".

The promise is already two years past due and remains $17 billion short, according to the OECD.

COP27 is scheduled to continue until November 18 with ministerial meetings.

S.Fujimoto--JT