You are here: Home » International » News
Business Standard

Glasgow COP26: US ready to lead climate fight, says President Joe Biden

Biden wants $3 billion of US climate finance for adaptation

Topics
Joe Biden | Climate Change | Global Warming

Agencies 

Joe Biden
Photo: Reuters

President said the US is ready to be a leader again in the fight against climate change, addressing a United Nations conference in Glasgow, Scotland, despite discord at home over his ambition to steer billions of taxpayer dollars toward renewable energy.

The Biden administration will “demonstrate to the world the United States is not only back at the table, hopefully leading by the power of our example,” the president said Monday in a speech to the summit. “I know it hasn’t been the case and that’s why my administration is working overtime to show that our climate commitment is action, not words.” “There’s no more time to hang back or sit on a fence or argue amongst ourselves,” he added. “This is the challenge of our collective lifetimes.”

Biden wants $3 billion of US climate finance for adaptation

Biden proposed that the US government spend $3 billion a year to help vulnerable nations adapt to rising seas, droughts and other consequences of

Brazil details fresh plan to reduce carbon emissions

Brazil set out a new plan to cut emissions, even as climate-skeptic President Jair Bolsonaro stayed away from the summit. Environment Minister Joaquim Leite said the country will aim for carbon neutrality by 2050.

“Today we present a new, more ambitious climate target, going from 43% to 50% by 2030, and carbon neutrality by 2050,” he said in a statement online.

In a short statement sent in remotely, Bolsonaro said only that he had authorized his minister to announce the new target.

Erdogan skips summit in security dispute

Turkey's President Tayyip Erdogan has cancelled plans to attend the COP26 climate conference after Britain failed to meet Ankara's demands on security arrangements, two Turkish officials told Reuters on Monday. Erdogan returned to Turkey from a G20 summit in Rome instead of travelling to the climate summit in Glasgow, the state-owned Anadolu agency said. The Turkish presidency gave no reason for his unscheduled return.

‘Supply chains need $100 trn to hit target’

Global supply chains will need an estimated $100 trillion in investment to achieve the planet’s goal of net-zero carbon emissions over the next three decades, according to new research by HSBC Holdings and BCG that pins as much as half of that price tag on small- to medium-size businesses.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 02 2021. 03:28 IST
RECOMMENDED FOR YOU