The Japan Times - EU vows more emissions cuts at UN climate talks

EUR -
AED 4.324651
AFN 75.365297
ALL 95.550796
AMD 434.855075
ANG 2.107727
AOA 1081.015811
ARS 1634.224485
AUD 1.622667
AWG 2.121111
AZN 1.991524
BAM 1.957899
BBD 2.372523
BDT 144.534924
BGN 1.964319
BHD 0.444864
BIF 3505.853663
BMD 1.177577
BND 1.491254
BOB 8.139586
BRL 5.810446
BSD 1.177953
BTN 111.026708
BWP 15.771637
BYN 3.328869
BYR 23080.513604
BZD 2.369099
CAD 1.605597
CDF 2727.268771
CHF 0.91476
CLF 0.026674
CLP 1049.856983
CNY 8.020774
CNH 8.004599
COP 4390.526028
CRC 540.370036
CUC 1.177577
CUP 31.205796
CVE 110.383318
CZK 24.280877
DJF 209.761277
DKK 7.472257
DOP 70.053006
DZD 155.746294
EGP 62.083031
ERN 17.663658
ETB 183.928126
FJD 2.568413
FKP 0.866075
GBP 0.864047
GEL 3.155654
GGP 0.866075
GHS 13.251979
GIP 0.866075
GMD 86.544915
GNF 10338.081211
GTQ 8.994412
GYD 246.44998
HKD 9.22179
HNL 31.315167
HRK 7.534614
HTG 154.280785
HUF 355.555253
IDR 20373.852353
ILS 3.41657
IMP 0.866075
INR 110.803893
IQD 1543.108167
IRR 1546158.895897
ISK 143.794412
JEP 0.866075
JMD 185.538876
JOD 0.834866
JPY 184.072962
KES 152.083906
KGS 102.944395
KHR 4724.98438
KMF 493.404987
KPW 1059.832346
KRW 1707.116028
KWD 0.362352
KYD 0.981636
KZT 545.508508
LAK 25850.269416
LBP 105485.876917
LKR 379.305297
LRD 216.158025
LSL 19.219301
LTL 3.47708
LVL 0.712304
LYD 7.450987
MAD 10.796573
MDL 20.266379
MGA 4891.159678
MKD 61.651399
MMK 2472.725463
MNT 4216.250791
MOP 9.501223
MRU 47.130518
MUR 55.016581
MVR 18.199494
MWK 2042.554688
MXN 20.263277
MYR 4.60465
MZN 75.259181
NAD 19.219137
NGN 1599.82131
NIO 43.346462
NOK 10.920751
NPR 177.645398
NZD 1.970334
OMR 0.452706
PAB 1.177943
PEN 4.080173
PGK 5.126495
PHP 70.996719
PKR 328.213306
PLN 4.225088
PYG 7209.727983
QAR 4.293702
RON 5.26295
RSD 117.397388
RUB 87.789829
RWF 1726.921728
SAR 4.425598
SBD 9.4435
SCR 16.166895
SDG 707.133817
SEK 10.839104
SGD 1.490413
SHP 0.87918
SLE 29.027313
SLL 24693.201099
SOS 673.210169
SRD 44.077877
STD 24373.471032
STN 24.526081
SVC 10.307048
SYP 130.179166
SZL 19.213023
THB 37.750736
TJS 11.008012
TMT 4.127408
TND 3.416862
TOP 2.835324
TRY 53.282988
TTD 7.968406
TWD 36.931528
TZS 3058.755817
UAH 51.581389
UGX 4405.684965
USD 1.177577
UYU 47.100486
UZS 14274.300376
VES 581.130162
VND 30982.056782
VUV 139.064452
WST 3.193015
XAF 656.649699
XAG 0.014398
XAU 0.000247
XCD 3.182461
XCG 2.122912
XDR 0.817725
XOF 656.660863
XPF 119.331742
YER 280.999422
ZAR 19.207285
ZMK 10599.608845
ZMW 22.439672
ZWL 379.179386
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0820

    22.918

    -0.36%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • RELX

    -1.6300

    34.12

    -4.78%

  • AZN

    -3.2000

    181.72

    -1.76%

  • RIO

    -2.0930

    103.417

    -2.02%

  • GSK

    -0.0800

    50.45

    -0.16%

  • BTI

    -1.3900

    58.17

    -2.39%

  • BP

    -0.7550

    43.875

    -1.72%

  • CMSD

    -0.0100

    23.41

    -0.04%

  • BCC

    -0.5100

    73.73

    -0.69%

  • VOD

    -0.4000

    15.73

    -2.54%

  • NGG

    -1.6100

    86.24

    -1.87%

  • BCE

    0.2300

    24.46

    +0.94%

  • JRI

    -0.0100

    13.16

    -0.08%

EU vows more emissions cuts at UN climate talks
EU vows more emissions cuts at UN climate talks / Photo: AHMAD GHARABLI - AFP

EU vows more emissions cuts at UN climate talks

The EU vowed to step up its emissions cuts at UN climate talks on Tuesday as developing nations admonished rich polluters for falling short on efforts to help them cope with global warming.

Text size:

The COP27 conference in Egypt has been dominated by calls for wealthy nations to fulfil pledges to fund the green transitions of poorer countries least responsible for global emissions, build their resilience and compensate them for climate-linked losses.

The meeting comes as global emissions are slated to reach an all-time high this year, making the aspirational goal of limiting warming to 1.5 degrees Celsius compared to preindustrial levels ever more elusive.

European Commission Vice President Frans Timmermans told delegates that the European Union will update its climate commitment as it will be able to exceed its original plan to cut emissions by 55 percent by 2030.

The 27-nation bloc will now be able to cut greenhouse gas emissions by 57 percent from 1990 levels, he said.

"The European Union is here to move forwards, not backwards," Timmermans told COP27 delegates.

The invasion of Ukraine by fossil fuel exporter Russia has cast a shadow over the talks in Egypt, with activists accusing Europeans of seeking to tap Africa for natural gas following Russian supply cuts.

But Timmermans denied that the 27-nation bloc was in a "dash for gas" in the wake of the Ukraine conflict.

"So don't let anybody tell you here or outside that the EU is backtracking," he said.

Campaigners said the EU announcement did not go far enough.

"This small increase announced today at COP27 doesn't do justice to the calls from the most vulnerable countries at the front lines," said Chiara Martinelli, of Climate Action Network Europe.

"If the EU, with a heavy history of emitting greenhouse gases, doesn't lead on mitigating climate change, who will?"

- North vs South -

COP27 has exposed deep divisions between wealthy polluters and nations vulnerable to the most ferocious climate impacts.

"The lack of leadership and ambition on mitigating greenhouse gas emissions is worrisome," said Senegalese Environment Minister Alioune Nodoye, speaking on behalf of the Least Developed Countries Group.

Belize Climate Change Minister Orlando Habet called for more action from the G20 group of the world's wealthiest nations, which are responsible for 80 percent of global emissions and are meeting at summit in Indonesia.

"In how many COPs have we been arguing for urgent climate action? And how many more do we need, how many lives do we need to sacrifice," Habet said.

UN climate talks often go into overtime and this year's meeting, due to end on Friday, could be no different.

The first draft of the final declaration only has bullet points so far, with a line on the "urgency of action to keep 1.5C in reach".

Wealthy and developing nations are sharply divided over money at COP27.

Developing countries says this year's floods in Pakistan, which have cost the country up to $40 billion, have highlighted the pressing need to create a "loss and damage" compensation fund.

In a small breakthrough, the United States and European Union agreed to have the issue discussed at COP27.

But Western governments favour using existing financial channels instead of building a new mechanism.

The draft declaration mentions the "need for funding arrangements to address" loss and damage -- language used by the United States and Europeans since COP27 started on November 6.

"Loss and damage must remain firmly on the table as we continue to witness increasing appearances of severity of climate change impacts everywhere," Samoan Prime Minister Fiame Naomi Mata'afa told delegates.

"The financial burden for loss and damage falls almost entirely on affected countries and not those most responsible for climate change."

M.Fujitav--JT