Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

US climate envoy Kerry says China, India, Russia must do more to tackle warming

CommoditiesDec 01, 2021 04:11PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: John Kerry, U.S. President-elect Joe Biden's special presidential envoy for climate appointee, speaks as President-elect Biden announces his national security nominees and appointees at his transition headquarters in Wilmington, Delaware, U.S.

By Katy Daigle

WASHINGTON (Reuters) -U.S. climate envoy John Kerry said on Wednesday that big greenhouse gas emitting countries like China, India, Russia and others must move faster to help the world avert the worst impacts of global warming.

Pledges by governments to cut carbon dioxide and methane emissions are currently insufficient to limit global warming to an international target of 1.5C above pre-industrial levels this century, he said.

"And that means you have China, India, Russia, Brazil, Mexico, Indonesia, South Africa, a group of countries that are going to have to step up," Kerry said in an interview at the Reuters Next conference.

"And we have to help them. This is not just unloaded responsibility on them."

Kerry said Washington was engaging with some of these developing countries to help them accelerate a transition to cleaner forms of energy and reduce emissions.

He pointed to U.S. support for India's clean energy initiatives, as well as a joint agreement the United States secured with China, the world's top greenhouse gas emitter, last month in which Beijing committed to accelerating emissions cuts.

Developing nations have been resisting calls to rapidly phase-out fossil fuels like coal, arguing they are still needed for economic growth.

These governments say they lack the financial support required to transition to cleaner energy. And they point out that wealthy nations responsible for the bulk of historical emissions have been able to rely on these high-carbon fuels for more than a century.

Kerry told Reuters that private investment in clean-energy technologies - including green hydrogen, long-term battery storage, modular nuclear reactors and carbon capture - was also crucial to addressing climate change.

"No government on the planet has enough money to effect this transition ... But, the private sector does have that money. I believe the private sector has the ability to win this battle for us," he said.

He said companies that are first to the market with technological breakthroughs should be able to benefit financially through patents.

Intellectual property has been a controversial issue for developing nations keen to keep down the costs of transitioning from fossil fuels.

World governments agreed last month during a climate conference in Glasgow, Scotland, to revisit their national emission-cutting pledges in 2022 to help ensure the world can meet the 1.5C target set by the Paris Agreement in 2015.

Scientists have warned crossing that threshold could unleash catastrophic climate impacts from sea level rise to more frequent powerful storms, droughts and floods.

Kerry said he was worried whether countries and private entities would meet the challenge.

"This is an enormous lift - to do what we have to do," he said. But he added: "This is doable. It doesn’t have to be frightening."

To watch the Reuters Next conference please register here https://reutersevents.com/events/next/

US climate envoy Kerry says China, India, Russia must do more to tackle warming
 

Related Articles

Gold Up, Dollar and U.S. Yields Also Resume Climb
Gold Up, Dollar and U.S. Yields Also Resume Climb By Investing.com - May 17, 2022

By Gina Lee Investing.com – Gold was up on Tuesday morning in Asia, even as the dollar slowly resumed an upward trend and U.S. Treasury yields resumed their climb. Gold futures...

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)
Тони Chuk
Тони Chuk Dec 01, 2021 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
shud the **** up :d
 
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
Continue with Google
or
Sign up with Email