Paris-anniversary climate pledges bring progress but fall short

  • Date: 13-Dec-2020
  • Source: The Economist
  • Sector:Economy
  • Country:Middle East
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Paris-anniversary climate pledges bring progress but fall short

Ratcheting upParis-anniversary climate pledges bring progress but fall shortOverall, promises at the Climate Ambition summit do not mark a real turning-pointIT WAS MEANT to be a marathon day in which all governments promised new, bigger, better efforts to cut greenhouse-gas emissions and rich nations offered more financial assistance to poorer ones, in order to help them decarbonise their economies and adapt to a changing climate. But America has temporarily left the UN climate agreement and Australia, Brazil and South Africa were struck from the guest list for not offering enough. In the end, about 70 national leaders attended a virtual “Climate Ambition” summit on December 12th. And at the event's close, Alok Sharma, Britain's business minister and president of next year's COP26 UN climate talks, asked rhetorically whether enough had been done to fulfill the promise of the Paris climate agreement. “Friends, we must be honest with ourselves,” he said. “The answer to that is currently: no. As encouraging as all this ambition is, it is not enough.”The summit was a carefully orchestrated affair, held five years to the day after the adoption of the Paris agreement on the outskirts of France's capital. At the heart of the agreement is