Zürcher Nachrichten - Biden faces high expectations at UN climate talks

EUR -
AED 4.183233
AFN 72.900796
ALL 91.877285
AMD 414.797448
ANG 2.039348
AOA 1045.665194
ARS 1736.794975
AUD 1.614555
AWG 2.050323
AZN 1.940938
BAM 1.955317
BBD 2.295033
BDT 140.215334
BGN 1.917554
BHD 0.429594
BIF 3432.051477
BMD 1.139068
BND 1.45584
BOB 13.964547
BRL 5.909605
BSD 1.139418
BTN 109.116023
BWP 15.516164
BYN 3.442749
BYR 22325.7403
BZD 2.291733
CAD 1.611725
CDF 2665.420428
CHF 0.943457
CLF 0.027745
CLP 1095.522249
CNY 7.646851
CNH 7.670833
COP 3814.157008
CRC 518.071915
CUC 1.139068
CUP 27.347239
CVE 110.237745
CZK 24.358299
DJF 202.909834
DKK 7.475483
DOP 67.763247
DZD 152.391449
EGP 59.13438
ERN 17.086026
ETB 184.850299
FJD 2.559772
FKP 0.85991
GBP 0.859642
GEL 2.97871
GGP 0.85991
GHS 13.234728
GIP 0.85991
GMD 83.725913
GNF 10021.522331
GTQ 8.701849
GYD 238.411056
HKD 8.934226
HNL 30.583439
HRK 7.533575
HTG 149.123132
HUF 365.202455
IDR 20405.384913
ILS 3.471949
IMP 0.85991
INR 109.142689
IQD 1492.730945
IRR 1565734.922454
ISK 136.984803
JEP 0.85991
JMD 180.27543
JOD 0.807645
JPY 179.158416
KES 147.67349
KGS 99.609484
KHR 4633.85435
KMF 493.217009
KPW 1025.161906
KRW 1543.648431
KWD 0.351563
KYD 0.949565
KZT 504.7852
LAK 25558.681004
LBP 102039.372314
LKR 376.226984
LRD 195.991544
LSL 18.590804
LTL 3.363373
LVL 0.689012
LYD 7.285199
MAD 10.934597
MDL 20.225999
MGA 5030.756222
MKD 61.55978
MMK 2391.317037
MNT 4096.276898
MOP 9.206124
MRU 45.840667
MUR 54.140351
MVR 17.599037
MWK 1975.811511
MXN 20.137822
MYR 4.640683
MZN 72.79829
NAD 18.590804
NGN 1510.837951
NIO 41.929634
NOK 10.830092
NPR 174.585836
NZD 1.992947
OMR 0.439191
PAB 1.139418
PEN 3.868244
PGK 5.076745
PHP 71.01754
PKR 315.746636
PLN 4.37146
PYG 6716.339487
QAR 4.153473
RON 5.27298
RSD 117.420969
RUB 96.076247
RWF 1684.083636
SAR 4.274755
SBD 9.11313
SCR 15.836085
SDG 685.153819
SEK 11.296996
SGD 1.45562
SHP 0.859999
SLE 28.078458
SLL 23885.685201
SOS 651.238991
SRD 42.905863
STD 23576.41575
STN 24.493944
SVC 9.970535
SYP 14810.167401
SZL 18.586405
THB 38.01645
TJS 10.511601
TMT 3.99813
TND 3.373266
TOP 2.742603
TRY 55.748859
TTD 7.750084
TWD 36.141163
TZS 3024.152324
UAH 51.024285
UGX 4462.896617
USD 1.139068
UYU 45.648714
UZS 13485.665874
VES 970.977713
VND 29588.440307
VUV 134.85231
WST 3.127566
XAF 655.957
XAG 0.017716
XAU 0.000265798393
XCD 3.07839
XCG 2.053592
XDR 0.80538
XOF 655.957
XPF 119.331742
YER 269.560946
ZAR 18.57165
ZMK 10252.986409
ZMW 22.227505
ZWL 366.779554
SSP 6507.03282
MXV 2.282055
  • BCC

    1.0400

    77.14

    +1.35%

  • RIO

    0.0900

    94.56

    +0.1%

  • BCE

    -0.3300

    20.97

    -1.57%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • JRI

    -0.1500

    11.02

    -1.36%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • NGG

    0.2600

    75.49

    +0.34%

  • RELX

    0.0100

    33.52

    +0.03%

  • BTI

    -0.3900

    55.63

    -0.7%

  • GSK

    -0.4100

    49.24

    -0.83%

  • VOD

    0.1300

    16.62

    +0.78%

  • BP

    -0.2600

    44.15

    -0.59%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • AZN

    2.0200

    166.58

    +1.21%

  • CMSD

    -0.0700

    20.3

    -0.34%

Biden faces high expectations at UN climate talks
Biden faces high expectations at UN climate talks / Photo: Samuel Corum - GETTY IMAGES NORTH AMERICA/AFP

Biden faces high expectations at UN climate talks

US President Joe Biden flies into UN climate talks in Egypt on Friday armed with major domestic achievements against global warming but under pressure to do more for countries reeling from natural disasters.

Text size:

Biden will only spend a few hours at COP27 in the Red Sea resort of Sharm el-Sheikh, three days after US midterm elections that have raised questions about what the result could mean for US climate policy.

The US leader's climate agenda was given a major boost this year when Congress passed a landmark spending bill, the Inflation Reduction Act, which includes $369 billion for clean energy and climate initiatives.

But at COP27, talk has been dominated by the need for wealthy nations to stop stalling on helping developing countries green their economies and prepare for future impacts -- as well as calls to provide financial help for the damage already being caused by climate-induced catastrophes.

"The world needs the United States to be a climate leader in our fight for climate justice," prominent Ugandan climate activist Vanessa Nakate told AFP.

"The message is for President Biden to stand with the people on the planet and the coming generations," said the 25-year-old Goodwill Ambassador for UNICEF.

Biden is attending COP27 three days after 100 other world leaders addressed the summit.

A senior US official said Biden was heading to Egypt "with historic momentum" on the back of the spending bill and his goal to cut greenhouse gas emissions by up to 52 percent by 2030 from 2005 levels.

So far at the Egypt talks, US climate envoy John Kerry has presented a public-private partnership aimed at supporting the transition to renewable energy in developing nations and based on a carbon credit system.

The plan has been panned by activists wary of firms using these to "offset" their carbon emissions.

- Climate-sceptic Republicans -

Biden also may have a chance to revive cooperation with China when he meets President Xi Jinping during G20 talks next week, with another US official saying he would seek to discuss how to "advance our work together on climate change".

Beijing cut off climate talks with Washington after US House Speaker Nancy Pelosi visited Taiwan in August.

Cooperation between the world's two biggest polluters has been crucial to global efforts to limit global warming to 1.5 degrees Celsius.

But with Republicans apparently poised to retake the House of Representatives, part of Biden's climate agenda could take a hit. Democrats have a chance to retain the Senate.

Biden pledged to contribute $11.4 billion to a $100 billion per year scheme through which rich countries will help developing ones transition to renewable energies and build resilience against climate change.

But Democrats would have to rush it through Congress before climate-sceptic Republicans take office in January.

"We're going to be pressing for passage of the appropriations bills," US lawmaker Kathy Castor, who chairs a special climate crisis committee in the House, told AFP.

"Hopefully Republicans in the Congress will not block it," she said.

- 'Loss and damage' -

The United States has also for years resisted attempts to establish a "loss and damage" fund in which rich polluters would compensate developing nations for the destruction from climate-related disasters.

Emerging countries successfully put the issue on the official COP27 agenda and fraught negotiations are likely before the talks end on November 18.

Biden will also use the trip to meet with Egyptian President Abdel Fattah al-Sisi and discuss the human rights situation in the country, where the case of jailed dissident Alaa Abdel Fattah was raised by other leaders earlier this week.

Ahead of his trip, the White House expressed "deep concern" for the jailed British-Egyptian activist, who is on a hunger strike.

After COP27, Biden will head to an ASEAN regional summit in Cambodia at the weekend before travelling to Indonesia for G20 talks.

T.Furrer--NZN