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UN chief laments 'naked greed' of fossil fuel interests, countries criticize big polluters

Published 09/20/2023, 08:52 AM
Updated 09/21/2023, 07:21 PM
© Reuters. FILE PHOTO: United Nations Secretary-General Antonio Guterres addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023.  REUTERS/Mike Segar/File photo

By Valerie Volcovici

UNITED NATIONS (Reuters) - Countries addressing a climate summit during the U.N. General Assembly criticized big polluters for not doing more to tackle global warming, and the U.N. Secretary-General Antonio Guterres said time was running short thanks to the "naked greed" of fossil fuel interests.

With the two-week U.N. climate summit, COP28, due to start on Nov. 29 in Dubai in the United Arab Emirates, Guterres and leaders from climate-vulnerable nations implored policymakers around the world to phase out climate-warming fossil fuels.

"The move from fossil fuels to renewables is happening – but we are decades behind," Guterres said at the start of the one-day summit. "We must make up time lost to foot-dragging, arm-twisting and the naked greed of entrenched interests raking in billions from fossil fuels."

Guterres invited 34 countries to speak on Wednesday in recognition of their strong action on climate change, including Brazil, Canada, Pakistan, South Africa and the island nation of Tuvalu.

While some railed against the fossil fuel industry and countries' continued reliance on oil, gas and coal, others highlighted the need to reform financial institutions to improve access to funding for developing nations.

From the Marshall Islands, a tropical South Pacific island nation facing land loss to rising seas, President David Kabua described his government’s struggle to prepare for a warmer world.

But "the boldest actions by my country alone are not enough," he said. "Major emitters have failed to take these decisions, and so now we must prepare for relentless disaster."

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Those not invited to speak included the world's two top polluters - the United States and China – though U.S. Special Envoy on Climate Change John Kerry was in the audience. China's U.N. mission did not immediately respond to a request for comment.

SLOW PROGRESS BEFORE COP28

The absence of both China and the United States and other major emitters on the stage was conspicuous, with some climate campaigners worrying it was a sign of slow progress ahead of COP28.

"In the two months or so until COP28, we must see a significant shift in political will," said Manuel Pulgar-Vidal, who leads the global climate and energy campaign for the World Wildlife Fund.

Kenyan President William Ruto urged countries to create a universal tax on fossil fuel trades, levies on aviation and maritime emissions and financial transactions to raise trillions of dollars. "Neither Africa nor the developing world stands in need of charity" from developed countries, Ruto said.

California Governor Gavin Newsom spoke about his state's leadership on climate policies, including a ban on the sale of new gas engine vehicles by 2035. He also called out the oil industry for obstructing climate action.

"This climate crisis is a fossil fuel crisis," he said, drawing applause from heads of state and others in the room. "For decades and decades, the oil industry has been playing each and every one of us in this room for fools. They've been buying off politicians."

Brazilian Environment Minister Marina Silva announced Brazil was raising its emission reduction target of 50-53% below 2005 levels by 2030, reflecting President Luiz Inacio Lula da Silva's change of course from his predecessor, Jair Bolsonaro.

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Thailand's Prime Minister Srettha Thavisin said his country had raised its emission reduction target from 20% to 40% below business-as-usual projections by 2030, and also had created a climate change ministry.

While the UAE did not speak about its national climate plans, the UAE's COP28 President Sultan Ahmed al-Jaber addressed the close of the summit with an optimistic message that the world is not "powerless" in trying to stay on track to meet the goal of limiting the rise in global temperature to 1.5 degrees Celsius.

"Let’s go after gigatons (of emissions), activate a truly global response to the global stocktake…and lets get back on track," al-Jaber said, referring to the assessment countries will make of their climate goals against Paris climate targets at COP28.

A CALL FOR FINANCE

With 70 days before COP28 begins, Barbados's prime minister questioned this week's focus at UNGA on the war in Ukraine.

"I hope that, in the same way that we can take Ukraine seriously in the Security Council, we can take the climate crisis and the financing for it seriously," said Mia Mottley, who has called for a debt cancellation for low-income countries among other measures.

Climate change "is as much of a threat - in fact a greater threat because more lives are at stake globally than are at stake in Ukraine," she added.

European Commission President Ursula von der Leyen said countries need to meet the long-unmet target of mobilizing $100 billion per year in climate finance.

"It is a question of trust," she said, adding the EU would be sending $27 billion as it did last year.

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Nepali Prime Minister Pushpa Kamal Dahal, representing the bloc of least developed countries, called for a doubling in finance for adapting to a climate-altered world, as this year is on track to be the warmest on record.

Kristalina Georgieva, managing director of the International Monetary Fund, called on countries to end fossil fuel subsidies, noting they had increased to a record $7 trillion last year despite a global pledge in 2021 to phase them out.

The U.N.'s Green Climate Fund for disbursing climate finance to developing countries also announced a goal of capitalizing at least $50 billion by 2030.

The fund will also shift its focus from supporting one-off projects to transforming whole systems, said the fund's executive director, Mafalda Duarte.

Latest comments

the fossil fuel countries greed will only speed the exodus from those fuels! price matters!
So the Greedy (Liberals) can make Billions off of the Green deal!
The earth’s atmosphere is 95% water vapor, 3.6% CO2 (3.48% naturally occurring, 0.12% man-made), and 1.4% Nitrous Oxide, methane & misc. If you search, you finally find that CO2 causes ~20% of the greenhouse effect, water vapor ~50%, 25% from clouds/solar and the rest from minor greenhouse gases. If you break the earth’s atmosphere into a 10,000-part grid, 9500 would be water vapor, 360 parts CO2 (348 naturally occurring, 12 parts man-made) and 140 parts as N2O, CH4 and other misc. gases. Taking 80 degrees as an example, 40 deg is accounted to WatVap, 16 °F to CO2 (total CO2) and the rest from clouds/other. 12 parts in the atmosphere are man-made CO2 (1/30th of total CO2 in the atmosphere). this would indicate ~½ °F caused by man in 80 °F temp. This seems insignificant considering the climate crises revolves around removing about 8 or 9 of the 12 parts of CO2 that are man-made at a cost in the 100’s of trillions to drop the temperature about 0.375 degrees in 80 degrees of temperature.
Marshall Islands tropical south pacific losing land not from ocean rising but islands are sinking . due to shifting earth  plates, just another propaganda scam tax the hard workers so they can fly their private jets.
Unless possible Marshall Islands are located not time zone but different sea level zone .??? LoL.
Ok, let’s all revert to horses ir just simply walking. Ban all modes of transportation as all emit carbon. The real deal is the elites will have their cake and eat it too.
Oil companies own most of the politicians.......
start by eliminating handouts and subsidies to the fossile industry.. giving taxpayers money to companies (and their ceo's) raking in enormous profits is beyond insane...
how do they calculate the biggest polluters? the US doesn't even have industry. are they counting US companies overseas?
There is a lot more fossil fuel than there is atmosphere. Simply calculate the mass…
There’s no such of thing as “Fossil Fuel” there’s “Crude Mineral” without it life is Harsh.
Blah. Hydrocarbons created by dinosaur shit are fossil fuels. Only the queen can change the english language. She’s deceased.
fossil fuel interests - perhaps he should grow a pair and say opec +
Group of malicious bureaucrats, trying to grab more power.
Maybe you don't like hearing truth of what people think of your ilk.
heres an idea , tax the hell out of these leaders that fly private planes to bs conferences like this!
personal tax charges -- not govt charges passed onto people in these countries
does that apply to ceo's and billionaires too, or only to political leaders you don't like?
rapture imminent...this meeting is key
yeah, right. first things is to make taxes...! taxes have never, never ..never change mentality. except feeding corruption
Lets go Brandon
rightwing-r(etard) says what?
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