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☆ The World Is Falling Short of Its Climate Goals. Four Big Emitters Show Why.
▼ + stars: | 2022-11-08 | by ( Max Bearak | Nadja Popovich | ) www.nytimes.com time to read: +10 min

Together, the four countries account for more than half of historical emissions of planet-warming gases, which include carbon dioxide and methane. ChinaThis is China’s current emissions track. Change in emissions by 2030 compared with last year On current track Range Paris pledge 1.5°C compatible –100% –75% –50% –25% +25% 0 This is China’s current emissions track. Because China’s emissions are so high, however, no other country will be more crucial in lowering global emissions. IndiaThis is India’s current emissions track.

☆ What to watch on Tuesday at COP27
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - World leaders will take the stage again on Tuesday as the COP27 climate summit enters its second full day. Among the expected speakers are outspoken advocates for measures to compensate poor, climate-vulnerable countries for damage already being wrought by global warming. Ursula von der Leyen, President of the European Commission, will also speak on Tuesday, along with European Council President Charles Michel, South African President Cyril Ramaphosa and dozens of others. U.S. President Joe Biden won't arrive until next week, but his delegation will open its pavilion at the COP27 venue on Tuesday and Special Envoy John Kerry and John Podesta, Biden's senior adviser on clean energy innovation will be there. Reporting by Valerie Volcovici and Sarah McFarlane, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ COP27: WTO chief seeks to revive green trade talks
▼ + stars: | 2022-11-08 | by ( Simon Jessop | ) www.reuters.com time to read: +2 min

SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change. But WTO discussions collapsed in 2016 after disagreements between China and Western countries about which products should be on the environmental list. "You need to have a friendly trade regime for renewables and other environmentally-friendly products," she said, noting tariffs for fossil fuel products are lower than for renewables in many countries. Exploratory discussions about a possible revival of a green trade deal have begun at the 164-member WTO body, although Okonjo-Iweala said some countries had expressed concerns, without naming them. She suggested beginning with a preliminary list of some 50 or 60 products that could be lengthened gradually.

☆ Sinking Pacific island nation issues historic call for treaty to phase out fossil fuels
▼ + stars: | 2022-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

SHARM EL-SHEIKH, Egypt — The South Pacific island nation of Tuvalu on Tuesday urged countries at the COP27 climate summit to establish a global treaty to phase out the use of fossil fuels. "We, therefore, unite with a hundred Nobel Peace Prize laureates and thousands of scientists worldwide and urge world leaders to join the Fossil Fuel Non-Proliferation Treaty to manage a just transition away from fossil fuels." Tuvalu follows in the footsteps of its Pacific neighbors in making the call for a fossil fuel non-proliferation treaty. The statement Tuesday comes at a time of growing momentum for calls to end fossil fuel production worldwide. Oil and gas giants, meanwhile, have reported record profits at a time of high energy costs and a cost-of-living crisis.

☆ Egypt Keeps Tight Grip on Protests as Host of COP27 Climate Conference
▼ + stars: | 2022-11-07 | by ( Chao Deng | ) www.wsj.com time to read: +1 min

Demonstrators have to navigate through a complex registration system to gain access to a limited “Green Zone” protest space outside the main COP27 conference area in Sharm El Sheikh, Egypt. SHARM EL SHEIKH, Egypt—Egyptian authorities have detained more than a hundred people in connection with demonstrations planned for the COP27 climate summit with rights groups saying the government appears increasingly concerned that protests could spill over into a broader display of dissent against President Abdel Fattah Al Sisi . Human Rights Watch, a New York-based nonprofit, on Sunday said that camera-surveillance networks had been set up in taxis in Sharm El Sheikh to monitor who is traveling around the town. It also pointed to a complex registration system to gain access to a limited “Green Zone” protest space outside the main conference as a further indication that Egyptian authorities are trying to limit free speech around the summit.

☆ Corporate Executives Call for Action-Based Approach at COP27
▼ + stars: | 2022-11-07 | by ( Dieter Holger | Rochelle Toplensky | ) www.wsj.com time to read: 1 min

Business leaders are pushing for specific actions to combat climate change and asking for clearer policies to support such initiatives from governments at the United Nations climate summit in Egypt. Top executives of 101 companies penned an open letter last week urging governments and companies to support existing solutions to meet the goals of the 2015 Paris Agreement, which aims to keep global warming well below 2 degrees Celsius by the end of the century.

☆ Hunger striker's sister flies in to Egypt COP27 to campaign for his release
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sanaa Seif, sister of jailed Egyptian activist Alaa Abdel Fattah, speaks to Reuters upon her arrival to press for his release during COP27, at the Red Sea resort in Sharm El-Sheikh, Egypt, November 7, 2022. Sunak has said he will raise Abd el-Fattah's case with Egypt's leadership. Abd el-Fattah had informed his family that he would stop drinking water on Sunday in an escalation of his protest. Abd el-Fattah rose to prominence with Egypt's 2011 uprising but has been detained for most of the period since. Abd el-Fattah's family said he was only consuming minimal calories and some fibre to sustain himself earlier in the year.

☆ A former NBA champion is changing ‘how the world builds’ to fight the climate crisis
▼ + stars: | 2022-11-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

The technology is being put to the test in the Bahamas, where Fox’s company, Partanna Bahamas, is partnering with the government to build 1,000 hurricane-resistant homes, including single-family houses and apartments. Partanna home prototype, built adjacent to Partanna's building material factory in Bacardi, Bahamas. He is due to formally announce the partnership between the Bahamian government and Partanna Bahamas on Wednesday at the COP27 climate summit in Egypt. As a country on the frontline of the climate crisis, the Bahamas understands that it’s “out of time,” Fox told CNN Business. “Technology can turn the tide, and at Partanna we have developed a solution that can change how the world builds,” Fox said.

Progress since has been patchy, with only a few countries instituting more aggressive policies on deforestation and financing. Among the new sources of financing, Germany said it would double its financing for forests to 2 billion euros ($1.97 billion) through 2025. PRIVATE CASH PILES UPPrivate companies announced $3.6 billion in extra money. Other initiatives towards meeting the 2030 forest pledge also announced incremental progress at the opening of COP27. In September, the initiative announced standards that companies should follow to trace commodities and disclose links to deforestation.

☆ COP27 Climate talks must wrench attention from competing crises
▼ + stars: | 2022-11-07 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

"The attention of many leaders has been going to other issues," said Espinosa, who led the U.N. climate change body - called the U.N. Framework Convention on Climate Change, or UNFCCC - from 2016 until July this year. "This is a very important conference in order to really get again the issue of addressing climate change very, very high up on the agenda," she told Reuters. Countries' national climate pledges put the world on track to warm by 2.5 degrees Celsius above pre-industrial levels, overshooting the 1.5C threshhold beyond which scientists say climate change impacts will significantly worsen. Executive Secretary of the United Nations Framework Convention on Climate Change Patricia Espinosa speaks during an interview with Reuters at a United Nations Information Center offices in Washington, U.S., December 7, 2021.

"Humanity has a choice: cooperate or perish,” Guterres told delegates gathered in the seaside resort town of Sharm el-Sheikh. And our planet is fast approaching tipping points that will make climate chaos irreversible,” he said. Signatories to the 2015 Paris climate agreement pledged to achieve a long-term goal of keeping global temperatures from rising by more than 1.5°C above pre-industrial levels. Guterres said that goal will only stay alive if the world can achieve net zero emissions by 2050. The World Trade Organization, meanwhile, said in a report published on Monday that it should tackle trade barriers for low carbon industries to address the role of global trade in driving climate change.

☆ What to watch on Monday at COP27
▼ + stars: | 2022-11-07 | by ( Hugo Dixon | ) www.reuters.com time to read: +2 min

But their messages will likely differ a lot on key points, and their soaring rhetoric will at times clash with performances that have lagged past promises. U.S. President Joe Biden will arrive next week, as will newly elected Brazilian President Luiz Inacio Lula da Silva. Chinese President Xi Jinping is not scheduled to attend COP27, but he will have an envoy at the conference. Other things to watch will include a World Trade Organization report expected Monday about the role of trade policy in climate change, and some expected announcements about forests as climate sinks. Reporting by Valerie Volcovici; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ COP27: Loss of Arctic summer sea ice 'inevitable' within 30 years — report
▼ + stars: | 2022-11-07 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

The newest report's authors highlighted the "terminal diagnosis" for the ice that forms and floats atop the Arctic Ocean each summer. On Monday evening, Arctic campaigners and indigenous youth from the region planned a media event to mark the demise of sea ice. Mallett said COP27 talks would do little to save the summer sea ice. Last year, the U.N. Intergovernmental Panel on Climate Change said summer sea ice would be lost even if warming peaked at 1.6 degrees above the preindustrial average. If summer sea ice is lost, no multiyear sea ice — sea ice that persists in the ocean from year to year — will remain.

☆ COP27: What are they saying at the climate summit?
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

Nov 7 (Reuters) - World leaders, policymakers and delegates from nearly 200 countries are at the COP27 U.N. climate summit in Egypt, where they hope to keep alive a goal to avert the worst impacts of climate change. MIA MOTTLEY, PRIME MINISTER OF BARBADOS[1/4] Secretary-General of the United Nations Antonio Guterres speaks during the COP27 climate summit, in Sharm el-Sheikh, Egypt November 7, 2022. FORMER U.S. VICE PRESIDENT AL GORE"We have a credibility problem all of us: We're talking and we're starting to act, but we're not doing enough." MA'RUF AMIN, VICE PRESIDENT OF INDONESIA"One year after Glasgow, there has been no significant global progress. For this reason COP27 must be used not only to enhance ambition, but also implementation, including the fulfilment of support from developed to developing countries."

☆ Where's the money? COP27 climate summit opens with a rallying call for rich nations to pay up
▼ + stars: | 2022-11-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The COP27 summit sees delegates from nearly 200 countries gather in Egypt's Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis. Climate finance, as it has done since the first U.N. climate conference in 1995, will once again play a pivotal role. Climate reparations, sometimes referred to as "loss and damage" payments, are widely expected to dominate the COP27 talks. Indeed, for the first time ever, the topic of loss and damage finance formally made it onto the COP27 agenda. "AOSIS is here to agree to the establishment of a new Loss and Damage Response Fund at COP27 that is operational by 2024.

☆ Poorer countries suffering the worst effects of the climate crisis want rich nations to pay reparations for the chaos they've caused
▼ + stars: | 2022-11-07 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Climate reparations for poorer nations are on officially on the agenda at the UN climate summit. Developing countries with "loss and damage" from climate disasters want rich nations to pay up. The inclusion of so-called climate reparations sets up a debate over how to compensate poorer nations for the climate impacts they've already suffered but for which they bear little responsibility. They've repeatedly objected to discussing loss and damage during past UN climate negotiations over concern that such talks would result in enormous financial liabilities. More than a decade ago, rich nations promised to send $100 billion a year to poorer countries by 2020.

☆ 'We are on the highway to climate hell': To slow down, countries need to spend more, the head of the UN says
▼ + stars: | 2022-11-07 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Two leaders called for windfall taxes on oil and gas companies to help fund climate efforts. The world is on a "highway to hell" unless countries step up action, the UN secretary-general said. "We are on the highway to climate hell, with a foot on the accelerator." That wasn't part of the policy agreed on by the EU in September to tax windfall profits made by fossil-fuel companies. This drains budgets and leaves less money for infrastructure projects that make countries more resilient to the climate crisis.

☆ Jailed British-Egyptian activist escalates hunger strike by refusing water as COP27 gets underway
▼ + stars: | 2022-11-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

SHARM EL-SHEIKH, Egypt — Jailed British-Egyptian citizen Alaa Abdel-Fattah stepped up his hunger strike by refusing water, ratcheting up fears for the life of one of the country's leading rights activists just as world leaders arrive in Egypt for the start of the COP27 climate summit. Amnesty International chief Agnes Callamard said Sunday that authorities had less than three days to save Abdel-Fattah's life, warning that failure to intervene would overshadow the U.N.'s flagship climate conference. The 40-year-old has stopped drinking water in a desperate attempt to pressure Egyptian authorities to allow him U.K. consular access. The escalation of Abdel-Fattah's hunger strike has prompted grave concerns for the prominent human rights activist and writer, who had consumed just 100 calories a day for more than 200 days. Egypt is hosting the COP27 climate summit in the Red Sea resort town of Sharm el-Sheikh through to Nov. 18.

☆ Morning Bid: Polls and prices
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Chinese stocks continued last week's tentative recovery, however, despite officials throwing cold water on any early end to draconian COVID lockdown policies. Some correction of the market's severe underperformance this year was about the only cogent reason given for the ongoing stock bounce. European Central Bank President Christine Lagarde and ECB board member Fabio Panetta both speak. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ COP 27 "Live up to your climate promises," UK PM will say
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

SHARM EL-SHEIKH, Egypt, Nov 6 (Reuters) - British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate summit in Egypt to tell world leaders to deliver on their promises to tackle global warming. "The world came together in Glasgow with one last chance to create a plan that would limit global temperature rises to 1.5 degrees. The question today is: can we summon the collective will to deliver on those promises?" Sunak will also meet his French and Italian counterparts on the sidelines of the U.N. conference. Reporting by William James, editing by Elizabeth Piper and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Egypt eyes diplomatic payoff from hosting COP27 climate summit
▼ + stars: | 2022-11-06 | by ( Aidan Lewis | ) www.reuters.com time to read: +5 min

The United Nations climate talks in the Red Sea resort of Sharm el-Sheikh starting on Sunday will put the global media spotlight on Egypt in a way the country last saw during its 2011 "Arab Spring" uprising. Authorities want to show "that Egypt is not an irrelevant country, that Egypt has the prowess, the diplomatic clout and the power, the security presence to be a pivotal figure", she said. In other moves aimed at improving Egypt's international image, Sisi has launched a limited political dialogue that is due to start soon after the climate summit. In an updated submission to the United Nations this year, Egypt said it faced a $246 billion funding shortfall to meet its 2030 climate targets. It is hoping to sign a flurry of deals including for green hydrogen power and solar and wind projects timed to coincide with COP27.

☆ COP27 summit to begin with plea to discuss climate compensation
▼ + stars: | 2022-11-06 | by ( Gloria Dickie | ) www.reuters.com time to read: +2 min

SHARM EL-SHEIKH, Egypt, Nov 6 (Reuters) - The U.N. climate summit, COP27, opens in Sharm El Sheikh, Egypt on Sunday amid growing calls for rich countries to compensate poorer nations most vulnerable to climate change. Much of the tension surrounding COP27 is expected to relate to loss and damage -- compensation funds provided by wealthy nations to vulnerable lower-income countries that bear little responsibility for climate-warming emissions. Diplomats from more than 130 countries are expected to push for the creation of a dedicated loss and damage finance facility at COP27. "I'm hopeful that it will get on the agenda," Matthew Samuda, a minister in Jamaica's economic growth ministry, told Reuters. "We know the Europeans are supporting us," said Saleemul Huq, director of the International Centre for Climate Change and Development.

☆ British PM to raise hunger striker Abd el-Fattah's case during COP27
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +2 min

CAIRO, Nov 6 (Reuters) - British Prime Minister Rishi Sunak has said he will raise the case of Egyptian-British hunger striker Alaa Abd el-Fattah with Egypt's leadership during the COP27 climate summit that opened on Sunday, the same day Abd el-Fattah said he would stop drinking water. Egyptian officials have not responded to Reuters' phone calls for comment on Abd el-Fattah's case, but have said previously that he was receiving meals and was moved to a prison with better conditions earlier this year. Abd el-Fattah's family said he was only consuming minimal calories and some fibre to sustain himself earlier in the year. Abd el-Fattah's family said he had told them he would stop consuming honey, tea and milk on Nov. 1 and planned to cease drinking water from Sunday. Egyptian authorities had to act within three days to save Abd el-Fattah, the head of Amnesty International, Agnes Callamard, told a press conference in Cairo.

☆ COP27 to formally discuss climate compensation for poorer nations
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: 1 min

SHARM EL-SHEIKH, Egypt, Nov 6 (Reuters) - COP27 delegates agreed on Sunday to discuss whether rich countries should compensate poorer nations most vulnerable to climate change at the United Nations climate summit in Sharm el-Sheikh, Egypt. Diplomats approved a much-disputed agenda item to talk about matters relating to "funding arrangements responding to loss and damage associated with the adverse effects of climate change, including a focus on addressing loss and damage." The conference runs from Nov. 6 through Nov. 18. Reporting by Gloria Dickie, editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ COP27 climate summit: Here's what to watch
▼ + stars: | 2022-11-06 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

Given countries’ current promises, Earth’s temperature will climb to between 2.1 and 2.9 degrees Celsius by 2100. “No country has a right to be delinquent,” US Climate Envoy John Kerry told reporters in October. It is likely loss and damage will have space on the official COP27 agenda this year. And US officials often stress they want to also unlock private investments to help countries transition to renewables and deal with climate effects. Getty ImagesCOP27 is intended to hold countries’ feet to the fire on fossil fuel emissions and gin up new ambition on the climate crisis.

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