Categories: World

Australia not paying its ‘fair share’, EU’s climate chief says

The data, which claimed Australia was $2.6 billion short of what it should contribute, compared the share of international climate finance provided by rich countries to their share of carbon emissions to date, a measure of their responsibility for the climate crisis.

Pat Conroy, federal secretary for International Development and the Pacific, rejected the analysis saying whether it included “record levels of climate finance pledged by the new administration,” including in the recent budget.

“What we intend to do through the COP will drive the implementation of the Glasgow Convention. It is important that this includes adjustment. It also includes climate finance, including loss and damage, looking at where it is needed,” he said.

As countries gather in Sharm el-Sheikh for the COP27 UN climate talks, the backdrop of rising emissions highlights the widening gap between the goals of the 2015 Paris Agreement and what is happening in the real world.

Global carbon dioxide emissions are set to hit an all-time high this year, despite a drop in emissions in China as the world increased coal consumption and economic activity continued to pick up after the coronavirus. Carbon dioxide emissions from energy are set to rise 1 percent to 37.5 billion tons by 2022 – with the biggest increases coming from India and the US.

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UN Secretary-General Antonio Guterres has called on developed countries such as Australia to phase out coal and other fossil fuels over the next seven years. Last week, he also called for a “global surge” in investment in adaptation to “save millions of lives from climate slaughter”.

Timmermans said the US, which has been stuck in a congressional stalemate due to much of its funding, should increase its share. But he said US climate envoy John Kerry was right when he called for more private sector funding.

“Yes, Americans can do more public finance, but if there’s one part of the world where unleashing private finance could work faster than anywhere else, it’s the US,” he said. said.

He said the world must continue to fight for action to keep global warming below 1.5 degrees, the goal of the Paris Agreement. “It’s going to be damn hard, but every number matters,” he said.

Merry

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