US and China make big climate pledges at UN General Assembly
[ad_1]
Two of the world’s largest economies — and by far the largest carbon contributors — have committed to stop financing the climate crisis. On Tuesday at the U.N. General Assembly in New York, the U.S. and China pledged to cut off financing for activities that fuel the climate crisis. These commitments are good news, especially as leaders struggle to build momentum for COP26 in November.
Continue reading below
Our Featured Videos
According to President Xi Jinping, China will no longer build coal-fired plants overseas. When this policy is implemented, China could cut off up to $50 billion in foreign investment. Consequently, this could mean the end of coal power exploration, given that China is currently the largest investor in coal-powered plants internationally. China has up to 47 coal plants planned in 20 countries; these plans may be canceled as financing is cut off.
Related: Climate clock ticks out shame for rich nations
While speaking to members of the press, Joanna Lewis, an expert on China, energy and climate at Georgetown University, elaborated on China’s climate promises. “It’s a big deal. China was the only significant funder of overseas coal left. This announcement essentially ends all public support for coal globally,” said Lewis. “This is the announcement many have been waiting for.”
Thank you!
Keep an eye out for our weekly newsletter.
Join Our Newsletter
Receive the latest in global news and designs building a better future.
As for the United States, President Joe Biden pledged to increase funding to underdeveloped countries to fight climate change. “In April, I announced the United States will double our public international financing to help developing nations tackle the climate crisis, and today, I’m proud to announce that we’ll work with the Congress to double that number again, including for adaptation efforts,” Biden said during his U.N. General Assembly address on Tuesday.
While the news of the U.S. increasing its support for underdeveloped countries is welcomed, the action needed by developed countries to fight the climate crisis is still below expectations. For instance, the U.S.’s current climate pledges amount to $11.4 billion annually, despite statements from the independent Overseas Development Institute estimating that the country would need to contribute $43.4 billion to reach its “fair share.”
Via EcoWatch
Lead image via Patrick Gruban
[ad_2]
Original Post
You need to participate in a contest for among the best blogs on the web. I will recommend this website!
You actually make it appear so easy together with your presentation but I to find this topic to be really one thing which I feel I might by no means understand. It sort of feels too complicated and very huge for me. I’m taking a look forward on your subsequent submit, I will attempt to get the cling of it!
Just wanna input on few general things, The website layout is perfect, the subject material is rattling excellent : D.
What’s Going down i’m new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I am hoping to give a contribution & assist other users like its aided me. Good job.
Good ?V I should certainly pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task..
Usually I do not learn article on blogs, however I wish to say that this write-up very forced me to try and do it! Your writing taste has been amazed me. Thanks, very nice post.
I reckon something genuinely special in this site.
Fantastic goods from you, man. I have take note your stuff previous to and you are simply extremely wonderful. I actually like what you’ve acquired here, really like what you’re saying and the way through which you say it. You’re making it entertaining and you continue to take care of to keep it sensible. I can not wait to learn far more from you. That is really a terrific web site.
I got what you intend, regards for posting.Woh I am thankful to find this website through google.
As I website owner I believe the subject matter here is rattling superb, regards for your efforts.
Regards for this tremendous post, I am glad I found this website on yahoo.
You made some fine points there. I did a search on the theme and found mainly persons will consent with your blog.
Would love to forever get updated outstanding web blog! .
What i don’t understood is actually how you are not really much more well-liked than you might be right now. You’re so intelligent. You realize therefore considerably relating to this subject, made me personally consider it from a lot of varied angles. Its like men and women aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!
You are a very intelligent person!
Some really good blog posts on this internet site, thank you for contribution. “There is one universal gesture that has one universal message–a smile” by Valerie Sokolosky.
Great line up. We will be linking to this great article on our site. Keep up the good writing.
Thanks for some other informative site. The place else may just I get that type of information written in such an ideal way? I’ve a mission that I’m just now working on, and I’ve been on the glance out for such information.
Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I will be subscribing to your augment and even I achievement you access consistently rapidly.
I¦ll immediately clutch your rss as I can’t to find your e-mail subscription link or newsletter service. Do you have any? Please permit me understand so that I could subscribe. Thanks.
Heya i am for the first time here. I found this board and I find It really useful & it helped me out much. I hope to give something back and aid others like you aided me.
I am constantly looking online for posts that can benefit me. Thanks!
FitSpresso is a natural weight loss supplement that will help you maintain healthy body weight without having to deprive your body of your favorite food or take up exhausting workout routines.
I have been browsing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. Personally, if all site owners and bloggers made good content as you did, the web will be much more useful than ever before.
Well I definitely enjoyed studying it. This tip offered by you is very useful for correct planning.
I have not checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I?¦ll add you back to my everyday bloglist. You deserve it my friend 🙂
I am glad to be one of several visitors on this outstanding website (:, regards for posting.
As a Newbie, I am continuously browsing online for articles that can be of assistance to me. Thank you
Really excellent info can be found on site. “Search others for their virtues, thyself for thy vices.” by Benjamin Franklin.
Thanks for every other magnificent article. Where else could anyone get that type of information in such an ideal approach of writing? I’ve a presentation subsequent week, and I’m on the search for such info.