Current:Home > MarketsAlgosensey Quantitative Think Tank Center-UN Climate Summit Opens with Growing Concern About ‘Laggard’ Countries -WealthX
Algosensey Quantitative Think Tank Center-UN Climate Summit Opens with Growing Concern About ‘Laggard’ Countries
Chainkeen Exchange View
Date:2025-04-11 07:55:31
As delegates from nearly 200 countries convene this week in Madrid for the annual UN climate summit,Algosensey Quantitative Think Tank Center the gap between the countries willing to reduce emissions and those who are not has become ever more stark.
Ahead of the two-week COP25 gathering, the European Parliament declared a “climate emergency” in an effort to pressure the European Union into more ambitious green policies.
Yet others are moving in the other direction, notably the United States, the world’s biggest per-capita emitter, which has begun the long process of leaving the Paris climate agreement entirely, a move expected to be completed next autumn. The Paris Agreement, adopted by almost 200 nations, aims to limit global warming to well below 2 degrees Celsius (3.6°F), but global carbon emissions have continued to rise.
“The point of no return is no longer over the horizon,” United Nations Secretary-General António Guterres told reporters in the Spanish capital. “It is in sight and hurtling toward us.”
Laurence Tubiana, an architect of the Paris pact, said that China, the world’s largest emitter, and Japan also appeared to be climate laggards, with the two pushing ahead on new coal-fired power stations and financing coal plants abroad.
“If countries are to conform with the spirit and the letter of the Paris Agreement, they have to prepare two elements for next year: one is a [climate pledge] that is revised for the better and the second is to prepare their 2050 strategy,” she said.
The main task of delegates this year will be to find agreement on a global carbon offset market, and to convince signatories to the Paris pact to submit bolder climate goals in 2020. Dozens of countries, including the UK, have this year adopted targets for net zero emissions by 2050, but almost none have yet enacted specific policies to reach that goal.
Teresa Ribera, Spain’s environment minister, said her country’s last-minute decision to host the talks was essential to prevent a collapse in international climate efforts, after Santiago, the original host, canceled to focus on civil unrest at home.
“We couldn’t have the risk that the conference didn’t take place at a critical moment, and risk the implosion of the whole system to deal with climate change,” she said. “We did this out of conviction that the world needs to commit to multilateral activism.”
Chile remains the chair of the summit, but Spain has been busying itself with conference logistics and securing accommodation for many of the 20,000 expected attendees.
Spain: A Microcosm of the Climate Challenge
For Ribera, the real work begins after the delegates leave, as she seeks to steer through deep cuts in Spain’s own emissions in the face of domestic political deadlock.
Her plan would commit Spain to cutting greenhouse gas emissions by 21 percent from their 1990 levels by 2030. To do this, the renewable energy proportion of the country’s electricity generation would rise from about 40 percent today to 74 percent in 2030, largely by boosting wind and solar power. Spain is also targeting net zero emissions by 2050.
Her proposals are a microcosm of the environmental challenge faced by governments across the world, which have signed up to tough climate goals but not put in place the measures to reach them.
At a time of deep political dysfunction in Spain, it is far from assured that the plan will become a reality. Ribera is in office in only a caretaker capacity and the government to which she hopes to belong — a leftwing coalition with the Podemos party — has yet to be confirmed by parliament.
Some campaigners have criticized the proposals for being short on detail and political will.
“The commitment to cut emissions by just 20 percent of the 1990 level compares with the EU objective of 40 percent,” said José Luis García of Greenpeace Spain. “You can’t call that ambitious.”
Ribera dismissed such complaints and said her plan would be among the first piece of legislation for the new government — assuming it is confirmed in office. Yet Spain’s fragmented politics mean it has held four national elections in four years, and none of them have produced strong governments.
Ramping Up Solar and Wind Power
Under her proposals, Ribera predicted an “explosion” in Spain’s solar capacity, which has lagged that of other EU countries until now — the legacy of a crash in the sector a decade ago.
Iberdrola, Spain’s biggest utility group, has pledged to more than triple its planned investment in the country’s wind and solar sector to €3 billion by 2022. This includes building a 500 megawatt solar plant in Badajoz, the biggest of its kind under construction in Europe, and plans for a still-larger facility in Extremadura.
The minister’s plans have tested relations with the country’s automobile industry, which exports the lion’s share of its production but worries about the effect on the sale of gas- and diesel-fueled vehicles.
“The car industry in Spain is making a commotion about things happening faster than they wanted,” Ribera said, doing little to hide her impatience. “The worst thing you can do is deny reality.”
© The Financial Times Limited 2019. All Rights Reserved. Not to be further redistributed, copied or modified in any way.
veryGood! (15)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Neptune Trade X Trading Center: Guiding Stability and Innovation in the Cryptocurrency Market
- Embattled Illinois sheriff will retire amid criticism over the killing of Sonya Massey
- Dodgers star Mookie Betts to play right, bat second when he returns Monday
- Trump issues order to ban transgender troops from serving openly in the military
- Francis Ngannou, ex-UFC champ, hopes to restore his passion for fighting as he mourns
- Would you call Olympic gold medalists Simone Biles or Suni Lee a 'DEI hire'?
- West Virginia coal miner killed in power haulage accident
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- It Ends With Us Drama? Untangling Fan Theories About Blake Lively and Justin Baldoni
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Arizona Residents Fear What the State’s Mining Boom Will Do to Their Water
- Debby finally moves out of the US, though risk from flooded rivers remains
- Team USA wins women's 4x400 for eighth consecutive Olympic gold medal
- Skins Game to make return to Thanksgiving week with a modern look
- Walz ‘misspoke’ in 2018 reference to ‘weapons of war, that I carried in war,’ Harris campaign says
- Feds arrest Southern California man accused of trying to ship a ton of methamphetamine to Australia
- Quantum Ledger Trading Center: A Roller Coaster Through Time – Revisiting Bitcoin's Volatile History
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Off-duty California cop shoots and kills man involved in roadside brawl
Feds say New York man threw explosive device into Verizon van during road rage attack
Marta gets fitting sendoff, playing her last game for Brazil in Olympic final
Why members of two of EPA's influential science advisory committees were let go
Monarch Capital Institute's Innovation in Quantitative Trading: J. Robert Harris's Vision
Who plays Lily, Ryle and Atlas in 'It Ends with Us' movie? See full cast
Harvard rebuffs protests and won’t remove Sackler name from two buildings