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Biden warns the Climate Forum on “points of no return” without bold action and agrees to reduce methane

The White House has revised its carbon-free US electricity sector target year after President Biden had previously misunderstood. The target year is 2035. This story has been revised to reflect that fix.

President Joe Biden delays climate change or dangerously approaches a “point of no return” on Friday as pressure to replace pledges with action precedes the long-awaited November World Climate Change Conference in Glasgow. Encouraged all countries to act to take risks.

“The time to act is really tight … we don’t have much time because we’re too close to the point of no return,” Biden said. “So we have to act, all of us. We have to act, and we have to act now.”

As expected, Biden confirms an agreement between the United States and the European Union to reduce global warming methane emissions by about one-third by the end of the decade compared to 2020 emissions. Did.

Biden was reconvening what he called the Major Economic Forum on Energy and Climate (MEF). This is an initiative initiated on Earth Day last year.

Biden’s climate envoy, John Kelly, said the Glasgow Conference, known as COP26, is important for the world’s powers to support the developing world and avoid the most rapid effects of climate change. rice field.

Under the last Paris Agreement, countries have averaged the world to avoid deadly and devastating heat waves, floods, storms, droughts, fires, coastal erosion, and other consequences already talked about. We pledged to ensure that temperatures do not exceed pre-industrial levels by 1.5 ° C. ..

read: A giant Sequoia wrapped in a flame-retardant blanket as the wildfire progresses

However This week’s new analysis by Climate Action Tracker It has been found that almost all countries have not taken any other action to curb heat trapping gas emissions and help achieve their commitments in a reasonable time frame. The only industrialized economy, the UK, is trying to significantly delay its emissions and fund cleaner energy for poorer countries.

After the Earth Day Summit, a sufficient number of countries have promised a sufficient amount of carbon pollution reduction, and the Climate Action Tracker’s “emission gap” (emission forecast with pledge and what is needed to achieve the 1.5 degree target). Difference) decreased by 11%. But Bill Hare, CEO of Climate Analytics, said the momentum has slowed since then.

The tracker update re-emphasizes funding for developing countries. Because of that category, the United States and the European Union have been marked down.

Top leaders from China, the world’s largest carbon emitter, and India, the third largest pollutant after the United States, did not participate. Kelly later held ministerial-level discussions with environmental policymakers in China, India, Russia and Germany.

China has set an ambitious goal of reaching carbon neutrality by 2060. However, the details of how that is achieved are inadequate and Data show that it sustains coal production While pushing the electric car. Republicans claiming Biden often point to China in their discussions because they over-impose climate change responsibility solely on the United States.

China is expected to be a participant in Glasgow, but Chinese officials have warned Kelly about the friction over trade between the two countries. May affect cooperation in climate change..

look: The US nuclear submarine agreement between Britain and Australia faces criticism from Paris and Beijing as it rebuilds Indo-Pacific relations

Methane transaction confirmed

Agreement to reduce methane emissions First leaked earlier this week.. The first agreement specifically targeting methane is considered a major preparatory step prior to Glasgow.

Methane is about 80 times more powerful than carbon dioxide and CO2However, it stays in the atmosphere for a shorter period of time, about 10 years.Methane rules can have a significant impact on energy CL00The agricultural and waste industries are responsible for the majority of such emissions.

The pledge of methane “not only rapidly slows the rate of global warming, but also creates very valuable side benefits such as improved public health and agricultural productivity. We are a developing country. Is mobilizing support to help them get involved and promise to do something important, “said Byden.

Andrew Logan, senior director of oil and gas at Ceres, who advocates sustainable investment, said targeting methane is a powerful tool for delaying global warming in the short term. ..

“Today, we know that many emissions can be completely avoided. Publicly available oil and gas companies
CVX,
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XOM,
-1.18%

The data show very different emission intensities between businesses of similar size, “he said. “To meet the critical climate deadline, we have to stop it.”

Charles Driscoll, a professor of civil engineering at Syracuse University, said methane management could help give time to implement additional management of carbon dioxide sources.

“Controlling methane has the added benefit of improving air quality because it contributes to the formation of ground level ozone,” he said. “Ozone is a significant air quality and health concern in many parts of the United States.”

The oil and gas industry, including the American Petroleum Institute, an industry group, is highlighting the steps taken to capture methane leaks. They say that the additional burden, especially on the natural gas industry, can hurt what was a relatively low-cost benefit to US energy independence.They wrote a letter to Congress Oppose the proposed law It will charge methane.

“”The methane pledge “will generate very valuable side benefits, such as increased public health and agricultural productivity.”


— President Biden

Biden reiterated his administration’s existing commitments on Friday, focusing on other parts of the “green” economy.

“The United States is committed to reducing greenhouse gas emissions by 50% to 52% from 2005 levels by 2030, and as you know, by 2035, the electricity sector will contain carbon. Instead, we believe that by 2030, 50% of the cars sold in the United States will be electric cars, “said Biden.

management This week I got help from a Democrat in Congress When promoting the strengthening of tax incentives for EVs. Watchers in the automotive industry believe that federal support is essential for the rapid replacement of gas-engined vehicles with electric vehicles.

opinion: Electric cars are gaining momentum, but they may still be driving gasoline cars in the 2035

Victor Reklaitis contributed to this report..

Biden warns the Climate Forum on “points of no return” without bold action and agrees to reduce methane

http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7645-76FC8F9EF0DA%7D&siteid=rss&rss=1 Biden warns the Climate Forum on “points of no return” without bold action and agrees to reduce methane

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