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COP26 Day 1: World Leaders Pledge Climate Change Action
Posted
November 1, 2021
Views
1,304
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40
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14
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4.14%
November 1, 2021
1,304
40
14
4.14%
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2:46Now PlayingThe backdrop of terrifying weather events had brought a renewed sense of urgency to the matter. Then, the energy crisis struck, leaving Asia and Europe scrambling for fossil fuels, forcing China to double down on coal, and giving climate laggards another excuse not to engage. In the U.S., President Joe Biden’s green ambitions have gotten bogged down in domestic politics, undermining his credibility as he tries to push others to curb their emissions.
The aim of COP — the acronym for the conference of parties that’s now in its 26th round — is to curb emissions, keep the goal of 1.5 degrees of global warming within reach, reduce coal use, sort out rules for global carbon trading and raise billions in climate finance.
But at the heart of talks is the issue of fairness. Developing nations say rich countries wrecked the planet as they industrialized, and it’s now unfair they’re thwarting others’ economic progress -- and failing to provide enough cash to help poor countries adjust. That’s why there’s so much talk about how much money will be on the table.
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