Only 30 countries updated their targets to further reduce their emissions before the COP27 meeting, despite the mutual commitment agreed a year ago.
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The UN, in turn, announced this Friday a space detection and warning satellite program to try to contain emissions of methane, a very powerful greenhouse gas. Satellites will be able to identify large leaks of this gas so that governments and companies can react quickly.
Biden
Relieved by the electoral results in his country, Joe Biden will speak today at COP27 in front of delegates from almost 200 countries, engaged in difficult negotiations for developed countries, with the United States at the forefront.
Developing countries demand in Sharm el Sheikh the approval of a fund for “loss and damage” due to climate change.
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The matter was finally included in the conference agenda, which ends on November 18. But officially the COP countries still have two years to continue negotiating.
Biden will stay for just a few hours in this Egyptian resort on the edge of the Red Sea, for the speech and a bilateral meeting with Egyptian President Abdel Fatah al Sissi.
His intention is to remember that in August he signed a US$370 billion energy transition and climate measures law.
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A senior US government official assured that Biden also arrives with the intention of announcing a new cut in US emissions of up to 52% in 2030, compared to 2005 levels.
Finances
In the midst of the energy crisis, and with almost all climate indicators in the red, finance dominates the COP27 negotiations.
Colombia reported on Thursday that its estimated annual losses and damages due to climate change are in the order of US$4,3 billion.
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Another discussion was also opened: how to update the amount of US$ 100 billion per year that rich countries promethey had to be allocated to poor nations, basically to mitigate their gas emissions and adapt to the new reality.
The value was prometaken in 2009, for 2020. Two years after the deadline, it was only partially met.
The planet's main CO2 emitter, China, maintains a cautious position, between its alliance with the group of developing countries (G77, which groups 134 countries) and its status as the second largest economy on the planet.
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Chinese President Xi Jinping did not participate in COP27. Although relations with the United States are very cold, Xi and Biden will meet during next week's G20 summit in Indonesia.
(With AFP)
