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Rich nations must stick to climate promises, says U.S. envoy Kerry

By Gwladys Fouche OSLO (Reuters) - The world's richest nations must implement their promises to keep alive a global goal to avoid the worst impacts of climate change, U.S. climate...
Rich nations must stick to climate promises, says U.S. envoy Kerry © Reuters. U.S. Special Presidential Envoy for Climate John Kerry poses for a picture in central Oslo, Norway, May 7, 2022. REUTERS/Gwladys Fouche

By Gwladys Fouche

OSLO (Reuters) - The world's richest nations must implement their promises to keep alive a global goal to avoid the worst impacts of climate change, U.S. climate envoy John Kerry told Reuters on Saturday.

Kerry said progress was vital as Egypt prepares to host the next round of U.N. climate talks, known as COP27, in November in Sharm el-Sheikh.

For the meeting to be a success, the 20 richest nations accounting for 65% of global gross domestic product (GDP) must stay committed to limiting global warming to 1.5 degrees Celsius, as they did at last year's U.N. summit in Glasgow, he said.

"That is critical," Kerry said in an interview. "Those 20 countries account for 80% of all (greenhouse gas) emissions. If those countries move, we solve the problem."

Some progress is being made but not enough, and changes also need to happen more quickly, he said.

"There's a lot happening, many people pursuing new technologies or many people investing," he said, speaking a day after meeting Norwegian officials.

"But we need to be working faster at the government level to be organising ourselves so that there are more bankable deals, so that there is a place for money to invest, and that takes some coordination between government and the private sector."

Addressing global crises such as the COVID-19 pandemic and the war in Ukraine have taken some focus away from efforts to combat climate change, Kerry said.

At the same time, "it underscores the imperative of being energy independent and for not being a hostage to gas, a fossil fuel held by somebody who is ready to weaponise that fuel", he said referring to Russian President Vladimir Putin.

"No country should be dependent that way. Nobody has to be (with renewables)," he said.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

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USD/JPY

157.91

+0.12 (+0.07%)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

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EUR/CHF

0.9808

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Gold Futures

2,295.80

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Silver Futures

26.677

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4.5305

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85.62

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17,763.03

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US Small Cap 2000

1,973.05

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6.714

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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Cập nhật 01-05-2024 10:45:19
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KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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