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☆ At COP27, a young climate activist from India demands historical dues
▼ + stars: | 2022-11-11 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +4 min

Growing up in India, Licypriya Kangujam has already felt the impact of climate change. The 11-year-old, known as Licy, is one of India’s most vocal climate activists as well as one of the youngest people at the United Nations climate talks in Egypt this month. “They keep blaming each other for climate change and fail to take up collective efforts.”About one billion children around the world are at “extremely high risk” of exposure to climate and environmental hazards, according to Unicef. Prakash Singh / AFP via Getty Images fileOf the world’s 50 most polluted cities, 42 of them are in India, Pakistan and Bangladesh, according to Swiss technology company IQAir. Speaking at the climate summit on Monday, Pakistani Prime Minister Shehbaz Sharif said his crisis-hit country needed debt relief and climate compensation after the floods, which caused $30 billion in damage.

☆ EU agrees law to remove CO2 with woodlands and other carbon sinks
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

The law sets a target of removing 310 million tonnes of CO2 equivalent by 2030 through the use of soil, trees, plants, biomass and timber. Binding targets are to be set for all 27 EU members, aimed at progressively increasing absorptions and reducing emissions so that the EU-wide objective is reached. Currently, EU countries have to ensure they compensate emissions from land use and forestry with at least an equivalent amount of carbon removal. Under the new law, from 2026 removals of CO2 need to exceed emissions. The bloc struck a deal last month on a law effectively banning the sale of new petrol and diesel cars from 2035 and on Tuesday agreed to a law that sets national targets to reduce carbon emissions.

☆ COP27 Global CO2 emissions to rise again, climate goals at risk, scientists say
▼ + stars: | 2022-11-11 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

Countries are expected to emit a total 41 billion tonnes of CO2 in 2022, said the report by more than 100 scientists, with 37 billion tonnes from burning fossil fuels and 4 billion tonnes from uses of land like deforestation. Emissions from burning coal increased, as countries have turned to the most-polluting fossil fuel after Russia restricted natural gas supplies to Europe after its Feburary invasion of Ukrane, which sent global gas prices soaring. Emissions rose by 1.5% in the United States and jumped by 6% in India, the world's second and fourth-biggest emitters, respectively. The U.N. climate science panel has said global greenhouse gases must decrease 43% by 2030 to limit global warming to 1.5C and avoid its most severe impacts. The COVID-19 pandemic caused a record drop in global CO2 emissions in 2020, but emissions are now back up to slightly above pre-COVID-19 levels.

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) - U.S. President Joe Biden told the COP27 climate conference in Egypt on Friday that global warming posed an existential threat to the planet and promised the United States would meet its targets for fighting it. "The climate crisis is about human security, economic security, environmental security, national security, and the very life of the planet," Biden told a crowded room of delegates at the U.N. summit in the seaside resort town of Sharm el-Sheikh. Biden said global crises, including the Russian invasion of Ukraine, were not an excuse to lower climate ambition. U.S. President Joe Biden delivers a speech at COP27 climate summit, in Sharm el-Sheikh, Egypt, November 11, 2022. "It's radio silence on loss and damage finance," Singh said, calling Biden "out of touch with the reality of the climate crisis."

☆ COP27 talks on climate compensation not yet ready to agree new fund - EU
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) - Talks at the COP27 climate summit about how to compensate developing countries for the damage caused by climate change are not yet ready to decide on a new funding mechanism, a European Union negotiator said on Friday. EU negotiator Jacob Werksman said that he hoped for substantive outcomes from the COP27 summit that went beyond process, but also said the talks were not ready to agree on a single funding solution. "We don't think that this process is ready to agree in principle that a new fund or facility is the right or the only way forward," he told a news conference. "But we are not excluding that and couldn't exclude that as a significant part of the conversation." Reporting by Kate Abnett and William James; Editing by Alex Richardson and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Register here: COP27 reporter's notebook, an Insider spotlight event
▼ + stars: | 2022-11-11 | by ( ) www.businessinsider.com time to read: +2 min

Insider's senior sustainability reporter, Catherine Boudreau, is at the UN climate summit in Egypt. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Catherine Boudreau, senior sustainability reporter at Insider, is covering the United Nations' COP27 climate conference. She will give an on-the-ground perspective of her experience at this year's global meeting during Insider's "COP27 Reporter's Notebook" editorial spotlight. This 30-minute live conversation is part of Insider's climate and sustainability coverage.

☆ 'Not for the faint-hearted': COP27 delegates battle a growing list of logistics nightmares
▼ + stars: | 2022-11-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Around 35,000 delegates from nearly 200 countries are expected to convene on the southern tip of Egypt's Sinai Peninsula to discuss collective action on how to tackle the climate emergency. It may, perhaps, also become known for the growing list of infrastructure woes at this year's flagship U.N. climate summit. Around 35,000 delegates from nearly 200 countries are expected to convene on the southern tip of Egypt's Sinai Peninsula to discuss collective action on how to tackle the climate emergency. A sewage pipe on Wednesday evening appeared to burst near the exit of the Blue Zone, a U.N.-managed space where negotiations are held. It's not for the faint-hearted," Lena Thiede, an environmental and climate policy expert at German investment firm Planet A Ventures, told CNBC from the Blue Zone on Thursday.

☆ Biden says 'everyone has to act' to help the world deal with the climate crisis. But the US isn't meeting its own promises.
▼ + stars: | 2022-11-11 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

President Joe Biden touted the new US climate law and methane restrictions at a UN climate summit. Biden urged rich countries pay up on climate, but the US hasn't been meeting its own promises. Developing nations share comparatively little responsibility for the buildup of heat-trapping gasses in the atmosphere. "If countries can finance coal in developing countries, there is no reason we can't finance clean energy in developing countries," Biden said to loud applause from the audience. Looming over COP27 is the global energy crisis sparked by Russia's war in Ukraine.

☆ Gulf Arab states can’t give up oil. But they can slash their emissions
▼ + stars: | 2022-11-11 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +15 min

Abu Dhabi CNN —As Western states try to wean themselves off their addiction to hydrocarbons, Gulf oil nations have been pushing back hard, warning that a hasty transition away from fossil fuels will be counterproductive. According to the World Bank, Qatar had the highest carbon emissions per capita as of 2019, followed by Kuwait, Bahrain, the United Arab Emirates and Saudi Arabia. So, investment in clean energy projects and renewables “makes very good business sense and PR sense for the Gulf,” he said. Gulf petro-states are warning against a quick transition away from hydrocarbons, with the UAE calling for a “mixed energy” approach that minimizes emissions without cutting hydrocarbons. Much of the hydrocarbons exported by Gulf states go to some of the world’s biggest consumers and polluters, including China and India.

☆ Pakistan at COP27 demands climate aid, says 'dystopia' already here
▼ + stars: | 2022-11-11 | by ( Valerie Volcovici | ) www.reuters.com time to read: +3 min

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) - Pakistan will not be satisfied unless U.N. climate summit negotiators unlock emergency cash for the country to rebuild after this year's devastating floods, its climate minister said Thursday. "The dystopia has already come to our doorstep," the country's climate minister, Sherry Rehman, told Reuters in an interview on the sidelines of the COP27 summit in Egypt. Pakistan is playing a high-profile role at the COP27 summit in Egypt this year, serving as one of two co-chairs invited by conference host Egypt, with the other being Norway. Pakistan also represents the G77 umbrella group of developing countries, pushing for a doubling in finance to help poor nations adapt to climate impacts. "There is a recognition [at COP27] that we are facing a new climate normal for the world," she said.

☆ COP27: U.N. to hunt sources of climate-warming methane from space
▼ + stars: | 2022-11-11 | by ( Richard Valdmanis | ) www.reuters.com time to read: +3 min

The system, dubbed MARS or Methane Alert and Response System, will build on a pledge signed by 119 countries since last year to cut methane emissions by 30% this decade, a goal scientists say is crucial to averting extreme climate change. "The Methane Alert and Response System is a big step in helping governments and companies deliver on this important, short-term climate goal," Inger Andersen, executive eirector of the U.N. "Reducing methane emissions can make a big and rapid difference, as this gas leaves the atmosphere far quicker than carbon dioxide." UNEP’s International Methane Emissions Observatory will then share information about the leak with whoever is responsible in the hope they will find the cause of the leak and repair it. U.S. Special Climate Envoy John Kerry, who helped spearhead the Global Methane Pledge to cut methane emissions last year, called the new system "critical" to climate efforts.

☆ Morning Bid: Disinflation stations
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +4 min

A year ago, the prospect of a 7.7% annual inflation rate 12 months on would have been shocking. As world markets everywhere rose in sympathy, those Wall St gains appear to be holding at least on Friday. The swoon in U.S. Treasury yields and the dollar was probably even more significant, with two-year yields recording their biggest one-day drop since 2008 and the dollar its deepest fall since 2015. Although Bitcoin managed to bounce with all world markets, it's struggled to keep a foothold back above $17,000 on Friday and is still nursed losses totalling 17% this month alone. University of Michigan November sentiment and inflation expectationsUS inflation, Fed rates and marketsReuters GraphicsReuters Graphics Reuters GraphicsReuters GraphicsBy Mike Dolan, editing by Angus MacSwan <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Investors have called for Lula to restore firm rules for public spending after major outlays by outgoing President Jair Bolsonaro through the pandemic and election campaign. Instead, Lula is pushing to dismantle old budget rules to ramp up social spending. Senator Simone Tebet, of the centrist Brazilian Democratic Movement party (MDB), said the economy minister should be his first cabinet pick to make clear what his policies are going to be affecting the economy. "An economy minister is needed to explain the president's political thought," she told reporters. The rout made clear that many investors want to see more clarity over ministerial appointments and how Lula aims to stabilize Brazil's public finances.

☆ Venezuela Opposition Leader Juan Guaidó Vows to Fight On
▼ + stars: | 2022-11-10 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

Venezuelan opposition leader Juan Guaidó keeps in his office a countdown to 2024, when presidential elections are supposed to take place. CARACAS, Venezuela—Hunched over a tablet at his office in a rundown shopping center, the man the U.S. considers Venezuela’s legitimate president watched videos of the country’s authoritarian leader, Nicolás Maduro, as he shook hands with world leaders at the United Nations climate summit in Egypt. It was the latest sign of the isolated situation for Juan Guaidó as the head of Venezuela’s opposition, which despite widespread support at home and abroad has been unable to remove Mr. Maduro from office.

☆ Jailed Egyptian hunger striker is hospitalized, family says
▼ + stars: | 2022-11-10 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Egyptian prison authorities have intervened medically with jailed pro-democracy activist Alaa Abdel-Fattah, who this week escalated a food and hunger strike demanding his release, coinciding with Egypt’s hosting of the U.N. climate summit, his mother said. Abdel-Fattah’s mother, Leila Soueif, said she spoke to prison authorities by phone and asked them if her son was undergoing any medical procedure and they said he was. She asked “if it was by force, and they said no” and told her, “Alaa is good,” she told The Associated Press. Soueif has been waiting outside the prison every day this week, asking for proof of life for her son. World leaders and activists have repeatedly called for Egyptian authorities to release the activist.

☆ Climate advocates win key governors races as Democrats defy 'red wave' in midterm elections
▼ + stars: | 2022-11-10 | by ( Emma Newburger | ) www.cnbc.com time to read: +6 min

This year, state laws could have the greatest implications for climate action since state officials can accelerate their own climate agendas even in a divided Congress, advocates say. Joseph Prezioso | AFP | Getty ImagesClimate action could also move forward in Maryland and Minnesota after environmental victories in those two gubernatorial races. Ahmad Gharabli | AFP | Getty ImagesThe climate victories in gubernatorial races have notable implications for national and local climate policies, advocates say, especially with respect to deploying funding from Biden's climate legislation. Still, climate groups are concerned for provisions within the climate bill if Republicans do seize control of one or both chambers of Congress. Biden, who will attend the summit on Friday, said he is eager to work with congressional Republicans after the midterm elections but emphasized he would not compromise his climate agenda.

SHARM EL-SHEIK, Nov 10 (Reuters) - African nations must be allowed to develop their fossil fuel resources to help lift their pepole out of poverty, governments said at the COP27 talks in Egypt, which welcomed leaders of oil and gas companies sidelined at previous talks. African nations said wealthy countries had failed to deliver promised funding that would help them to expand clean energy instead of exploiting their fossil fuel resources. Some 636 fossil fuel lobbyists were registered to attend COP27, another report from a group of organisations that analysed the U.N.'s provisional list of attendees found. That's 100 lobbyists more than attended the Glasgow COP26 summit last year, the group said, lamenting what it described as "rise in the influence of the fossil fuel industry". The analysis also counted delegation members acting on behalf of their country's fossil fuel industry.

[1/7] People walk on the cracked soil caused by drought on the outskirts of Sanaa, Yemen, October 20, 2022. Qat can earn three times the revenue of any other crop but the steady cash flow comes at a heavy price. The bitter-tasting plant requires deep-well irrigation and disproportionate use of water, exacerbating Yemen's water scarcity problem. The conflict has destroyed water infrastructure, leaving millions of people without safe water to drink or grow crops. And a qat crop is harvested several times a year, while fruits are harvested only one time per year.

☆ ‘A twisted joke’: UN’s flagship climate summit sees sharp jump in fossil fuel industry delegates
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The sharp jump in attendees associated with some of the world's biggest polluting oil and gas giants at COP27 is thought to reflect the rise in the influence of the fossil fuel industry to shape the debate. SHARM EL-SHEIKH, Egypt — More than 600 fossil fuel industry delegates have been registered to attend the COP27 climate talks in Egypt, according to analysis from campaign groups, reflecting an increase of over 25% from last year. The sharp jump in attendees associated with some of the world's biggest polluting oil and gas giants at the U.N.'s flagship climate conference is thought to reflect the rise in the influence of the fossil fuel industry to shape the debate. An analysis of data from the U.N.'s provisional list of named attendees by campaign groups Corporate Accountability, Corporate Europe Observatory and Global Witness found that 636 fossil fuel lobbyists had been registered to take part in the talks. It means that more fossil fuel lobbyists are represented at the two-week-long summit than any single country besides the United Arab Emirates, which has 1,070 delegates registered compared to 176 last year.

The U.S. Energy Department's Advanced Research Projects Agency-Energy, or ARPA-E, aims to develop a dozen projects to recycle spent nuclear fuel. "I don't see many really looking seriously into reprocessing," Grossi told Reuters in an interview late on Wednesday at the COP27 climate summit in Egypt. Former U.S. President Jimmy Carter had halted reprocessing of nuclear waste in 1977, citing proliferation concerns. "Nobody will be doing reprocessing without the IAEA being involved," he said, noting that any nuclear waste recycling North Korea is undertaking is an exception. The United States has spent billions of dollars over decades on a project at Yucca Mountain in Nevada to store nuclear waste.

☆ Fraying U.S.-China relations could have huge implications for Earth
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesSHARM EL-SHEIKH, Egypt — Fraying diplomatic tensions between the U.S. and China are a big concern at the COP27 climate summit. However, many fear tensions between Washington and Beijing could make climate cooperation at COP27 extremely difficult. We say it is just on climate change, but we know that climate change is really at the center of everything in society." Biden is expected to join a 16-member delegation of senior officials at COP27 later this week to "advance the global climate fight." "And there is no solution to the problem of climate change without China, without Russia, without India, without … large economies being at the table," Kerry said.

☆ 'This is not going to stop': Pakistan says apocalyptic flooding shows the need for reparations
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Reparations, or "loss and damage" funding, are seen as a fundamental question of climate justice. The decision to include loss and damage funding as an agenda item, which was proposed by Pakistan, was preceded by 48 hours of talks. He now hopes the international community can find a way to collectively address financing for loss and damage. U.S. climate envoy John Kerry said Washington would not be "obstructing" talks on loss and damage in Sharm el-Sheikh. We are talking about the reality outside these conference walls," Singh told CNBC.

☆ Democrat lawmaker Castor says Republicans want to nix climate committee
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] House Select Committee on the Climate Crisis Chair Kathy Castor attends a discussion on how the United States and allies can bolster climate action and change the trajectory of global warming at COP27 climate summit, in Sharm el-Sheikh, Egypt, November 10, 2022. REUTERS/Emilie MadiSHARM EL SHEIKH, Egypt, Nov 10 (Reuters) - If Republicans take control of the U.S. House of Representatives they are likely to "nix" the House Select Committee on the Climate Crisis, the committee's chair Democratic Representative Kathy Castor said on Thursday at the COP27 climate summit. Speaking on the same panel, House Speaker Nancy Pelosi said Democrats and Republicans in the House of Representatives would have to work together on climate issues, and criticised lawmakers who disagree global warming is a real problem. Reporting by William James and Valerie Volcovici, writing by Nafisa Eltahir. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Global regulators have called on the EU and ISSB to make their climate disclosures interoperable to avoid competing norms confusing cross-border investors. An advisory body is due to present technical guidance to the European Commission on how to implement the disclosures. The ISSB hopes the EU could move towards its definition of materiality, which is drawn from accounting norms already being applied by EU companies in financial statements. The U.S. Securities and Exchange Commission, however, is facing pressure to ditch Scope 3 from its draft climate disclosures. It said it will apply the ISSB's climate disclosure standard in its work.

☆ COP27: How Lewis Pugh braved sharks and shipping containers in the world's first swim across the Red Sea
▼ + stars: | 2022-11-10 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

Lewis Pugh had to contend with large shipping vessels while swimming across the Red Sea. Pugh completed his swim across the Red Sea -- home to some of the world's most biodiverse coral reefs -- in 16 days. The Lewis Pugh FoundationFor sections of the swim, Pugh was joined by open-water swimmer Mariam Saleh Bin Laden – who became the first Arab, first Saudi and first woman to swim from Saudi Arabia to Egypt – and Egyptian swimmer Mostafa Zaki. The purpose of the swim was to shine a spotlight on the world’s coral reefs – home to the earth’s most vibrant marine ecosystems – and their precarious status amid the climate crisis. The Lewis Pugh FoundationThis week, Pugh has traveled to the COP27 climate summit in Sharm El-Sheikh, Egypt – a location he passed during his swim across the Red Sea.

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