Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Rich nations 'must consign coal power to history'-UK COP26 president

CommoditiesJul 20, 2021 08:47PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: COP26 President Alok Sharma rehearses a speech at Whitelee Windfarm, with six months to go until the U.N. Climate Change Conference, just outside Glasgow, Scotland, Britain, May 14, 2021. REUTERS/Russell Cheyne/Pool/File Photo

By Nina Chestney

LONDON (Reuters) - Climate change talks this year aimed at keeping global warming in check need to consign coal power to history, the British president of the upcoming United Nations' conference said on Wednesday.

Britain will host the next U.N. climate conference, called COP26, in November in Glasgow, Scotland.

The meeting aims to spur more ambitious commitments by countries following their pledge under the Paris Agreement in 2015 to keep the global average temperature rise "well below" 2 degrees Celsius this century. The measures are aimed at preventing devastating and extreme weather events such as heatwaves, colder winters, floods and droughts.

"I've been very clear that I want COP26 to be the COP where we consign coal power to history," Alok Sharma, UK president for COP26, told journalists in an interview with Reuters and other partners of the global media consortium Covering Climate Now.  

Coal is the most polluting energy source if emissions are not captured and stored underground. While that technology lags, most coal units around the world produce not only carbon dioxide emissions, responsible for global warming, but other pollutants harmful to human health.

The Group of Seven (G7) nations have pledged to scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for coal power by the end of this year, but many countries still finance and plan to build new coal plants.

After catastrophic floods swept across northwest Europe last week and as wildfires continue to rage across southern Oregon in the United States, energy and climate ministers of the Group of 20 rich and emerging nations (G20) will meet this week in Italy to try to increase emissions cuts and climate finance pledges.

"I think the G7 has shown the way forward," Sharma said, adding that island nations he has visited this year such as in the Caribbean, want the biggest emitters of the G20 to follow suit.

A tracker run by groups including the Overseas Development Institute shows the G20 has committed at least $296 billion for fossil fuel energy support since the start of the COVID-19 pandemic last year, and $227 billion for clean energy.

"Many of these countries are already very ambitious in terms of abating climate change. But for it to make a difference in terms of the weather patterns that are hitting (countries), they need the biggest emitters to step forward and that's the message that I'm going to be delivering at the G20," he added.

One of the biggest challenges facing the UK COP26 Presidency will be to persuade countries to commit to more ambitious emissions-cut targets and to increase financing for countries most vulnerable to climate change.

Long-held disagreements over the rules which will govern how carbon markets should operate will also need to be overcome. The rules, under Article 6 of the Paris Agreement, are regarded by many countries as a way of delivering climate finance.

"I've said to ministers that we need to move beyond people restating their long-held positions. I think we have to find a landing zone," Sharma said.

Rich nations 'must consign coal power to history'-UK COP26 president
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Jokers R Us
Jokers R Us Jul 20, 2021 9:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
meanwhile china is left out of "climate change" talks
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email