The Latest on COP27, the United Nations climate summit in Sharm el-Sheikh, Egypt.
The prime minister of Samoa appealed Tuesday to countries gathered at the U.N. climate talks in Egypt to respond as strongly to the threat of global warming as they did to the coronavirus pandemic.
Fiame Naomi Mata'afa said Samoa and other Pacific states are “at the mercy of climate change and our survival hangs in the rush of the climate hourglass.” She praised those major emitters who have made commitments to sharply cut their greenhouse gas emissions, but said those are still too few.
“Why is it not possible to apply the same level of urgency of action witnessed for the COVID-19 pandemic to the meeting of the 1.5 -degree Celsius promise?” she asked, referring to the warming temperature limit set in the Paris agreement to limit the effects of climate change.
She also called for more financial support to vulnerable countries, including the creation of a dedicated fund for ‘loss and damage’ suffered as a result of climate change, noting that failure to keep past funding promises had caused distrust among nations.
“We cannot afford the further erosion of trust between the developed and developing countries,” she said.
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KEY DEVELOPMENTS:
— US, China climate envoys to ‘meet later’ at UN summit
— Climate activist blasts leaders holding onto fossil projects
— Earth at 8 billion: Consumption not crowd is key to climate
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Germany announced that it is providing more than half a billion euros (dollars) to two funds that will foster the expansion of hydrogen projects.
Hydrogen gas, if produced through renewable energy, is seen as a low-carbon alternative substitute for natural gas in high-energy industries such as steel-making.
Germany, which has scrambled to replace imports of Russian natural gas following the invasion of Ukraine, says it wants to shift to hydrogen use in the medium term.
Germany’s Development Minister said Tuesday that “many developing countries have ideal conditions for green hydrogen production” and that they risked being excluded from future lucrative markets without support in setting up infrastructure.
The 550 million euros provided by Germany will be administered in the form of grants by its development bank KfW.
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The world must move quickly to slash carbon dioxide emissions from coal in order to avoid severe impacts from climate change, a report by the International Energy Agency said Tuesday.
The report found that the overwhelming majority of current global coal consumption occurs in countries that have pledged to achieve net zero emissions sometime this century. However, far from declining, global coal demand has been stable at near record highs for the past decade.
If nothing is done emissions from existing coal assets would by themselves tip the world across the 1.5 Celsius (2.7 Fahrenheit) warming limit set in the Paris climate agreement.
“A major unresolved problem is how to deal with the massive amount of existing coal assets worldwide,” said Fatih Birol, the IEA's executive director.
Coal is both the single biggest source of carbon dioxide emissions from energy and the single biggest source of electricity generation worldwide. There are around 9,000 coal-fired power plants around the world today.
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