Wednesday, July 2, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

‘Watershed moment’ as UN climate summit begins

by Euro Times
November 6, 2022
in World
Reading Time: 4 mins read
A A
0
Home World
Share on FacebookShare on Twitter


The sun sets behind the International Congress Center before the 2022 United Nations Climate Change Conference

The UN’s annual climate change summit opens on Sunday with hosts Egypt billing it as the world’s “watershed moment” on climate action.

More than 120 world are leaders heading to the Red Sea resort of Sharm el-Sheikh.

About 30,000 people will attend the two-week summit, known as COP27, though some activists are staying away over concerns about Egypt’s rights record.

The past year has seen extreme weather regularly linked to climate change.

The summit will open with welcome speeches from the UN’s new climate change chief, Simon Stiell, and Egyptian Foreign Affairs Minister and COP27 President-Designate Sameh Shoukry.

Mr Stiell was previously a senior government official in Grenada, the low-lying Caribbean nation where climate change is an existential threat.

Mr Shoukry said last week that the conference would be “the world’s watershed moment on climate action”.

There will also be key addresses from diplomats and scientists including Hoesung Lee, chair of the IPCC, the United Nations body for assessing the science related to climate change.

COP27 will really begin in earnest on Monday with a World Leaders’ Summit, when heads of state and government leaders deliver five-minute addresses outlining what they want from the meeting.

At the last climate summit, in Glasgow last year, there were powerful speeches from people like Barbadian PM Mia Mottley, who told an enrapt audience that temperature rises of “two degrees is a death sentence” for island nations.

World leaders will speak on Monday and Tuesday, and once they depart, conference delegates get down to the business of negotiation.

At last year’s COP26 summit in Glasgow a number of pledges were agreed:

  • to “phase down” the use of coal – one of the most polluting fossil fuels

  • to stop deforestation by 2030

  • to cut methane emissions by 30% by 2030

  • to submit new climate action plans to the UN

Mr Stiell has called for this summit to be focused on turning last year’s pledges into action and “get moving on the massive transformation that must take place”.

All of that will come down to money.

Developing nations – which are at the forefront of climate change – are demanding that previous commitments to finance are upheld.

But they also want there to be discussion on “loss and damage” finance – money to help them cope with the losses they are already facing from climate change rather than just to prepare for future impacts. This would be the first time the issue has been put on the formal agenda of a COP summit.

The urgency of the climate change issue has been evident during the past 12 months with devastating flooding in Pakistan as well as in places including Nigeria and extreme heat in India and Europe in the summer.

Ahead of the conference a series of major climate reports were released outlining progress on reducing greenhouse gas emissions.

A villager scoops out the floodwater brought by Tropical Storm Nalgae inside his property in Bacoor, Cavite, Philippines

Developing countries are seeking money to recover from ongoing climate disasters. Flooding after tropical Storm Nalgae in Philippines

The UNEP emissions gap report concluded that there was “no credible pathway” to keep the rise in global temperatures below the key threshold of 1.5 degrees above pre-industrial levels.

This 1.5 degree limit was agreed back in 2015 in the Paris Agreement at the 21st UN Climate Summit, COP21. All subsequent climate summits have focused on developing actions to achieve this goal.

As well as all the formal negotiations there will be hundreds of events over the two weeks with exhibitions, workshops and cultural performances from youth, business groups, indigenous societies, academia, artists and fashion communities from all over the world.

Protests – which are normally a vibrant feature of COP summits – are likely to be subdued.

Egypt’s President Abdul Fattah al-Sisi, in power since 2014, has overseen a widespread crackdown on dissent. Rights groups estimate the country has had as many as 60,000 political prisoners, many detained without trial.

Mr Shoukry has said that space would be set aside in Sharm el-Sheikh for protests to take place. However, Egyptian activists have told the BBC that many local groups had been unable to register for the conference.



Source link

Tags: beginsclimateMomentsummitWatershed
Previous Post

Coinbase Revenue Dips By Nearly 50% Amid Crypto Winter

Next Post

Trump Comes Up With Mocking Nickname For Gov. Ron DeSantis

Related Posts

Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

by Patrick Harrington
July 2, 2025
0

DONALD Trump mentioned that Israel has agreed in precept to a 60-day ceasefire deal in Gaza and warned Hamas to...

Mexican banks face cascading consequences following US sanctions

Mexican banks face cascading consequences following US sanctions

by ABC News
July 1, 2025
0

Mexico Metropolis -- Three Mexican monetary establishments sanctioned by the Trump administration final week have felt a cascade of financial...

U.S. Senate passes Trump’s ‘Big Beautiful Bill,’ sends to House for final approval

U.S. Senate passes Trump’s ‘Big Beautiful Bill,’ sends to House for final approval

by Euro Times
July 1, 2025
0

The Republican-controlled U.S. Senate handed President Donald Trump's tax and spending invoice on Tuesday, signing off on a large bundle that might enshrine a lot...

Armenian Gov’t Crackdown On Church ‘Blow To Foundation Of National Identity’

Armenian Gov’t Crackdown On Church ‘Blow To Foundation Of National Identity’

by Author
July 1, 2025
0

https://sputnikglobe.com/20250701/armenian-govt-crackdown-on-church-blow-to-foundation-of-national-identity-1122373331.htmlArmenian Gov’t Crackdown On Church ‘Blow To Basis Of Nationwide Id’Armenian Gov’t Crackdown On Church ‘Blow To Basis Of Nationwide...

Trump announces new perfume range — RT World News

Trump announces new perfume range — RT World News

by RT
July 1, 2025
0

The US president has unveiled a brand new line of fragrances that includes a golden statue of himself US president...

Germany stabbing attack: Man attacks employees in company premises; 1 dead, two injured

Germany stabbing attack: Man attacks employees in company premises; 1 dead, two injured

by TOI World Desk
July 1, 2025
0

Police and emergency companies stand on the premises of regional grid operator, after a person armed attacked folks on the...

Next Post
Trump Comes Up With Mocking Nickname For Gov. Ron DeSantis

Trump Comes Up With Mocking Nickname For Gov. Ron DeSantis

China to push capital market opening-up, support overseas listings: CSRC : stocks

China to push capital market opening-up, support overseas listings: CSRC : stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a .1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

July 2, 2025
Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

July 2, 2025
SOL Sells-off As Traders Target 4

SOL Sells-off As Traders Target $124

July 1, 2025
Trump And Kristi Noem Lose It And Threaten To Criminally Prosecute CNN

Trump And Kristi Noem Lose It And Threaten To Criminally Prosecute CNN

July 2, 2025
Mexican banks face cascading consequences following US sanctions

Mexican banks face cascading consequences following US sanctions

July 1, 2025
Nothing Phone 3 Price In India, US, UK, Europe — Check Full Specs, Playful New Design, Powerful Camera

Nothing Phone 3 Price In India, US, UK, Europe — Check Full Specs, Playful New Design, Powerful Camera

July 2, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

Trump says Israel agrees on terms for 60-day ceasefire deal in Gaza & warns Hamas to accept as it will ‘only get worse’

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In