Countries Balance Climate Pledges with Economic Strains at COP27
Summary from AllSides News Team
COP27, a two-week-long summit to address global climate change reduction efforts, kicked off in Egypt this weekend. The summit includes 198 countries signed onto the U.N. Framework Convention on Climate Change. This focal point of this summit is expected to be financing environmental protection efforts in the midst of a number of global economic strains, from rising energy costs stemming from the Russian invasion of Ukraine to supply chain disruptions exacerbated by the pandemic.
Key Quotes: Hoesung Lee, U.N. chair for the Intergovernmental Panel on Climate Change, called the present moment a “a once in a generation opportunity to save our planet and our livelihoods.” Facing economic difficulties at home, many industrial countries are balancing inflation and energy costs with the 2009 U.N. pledge to provide $100 billion per year for developing countries' climate-mitigation efforts. NPR quoted Amar Bhattacharya saying, “The challenge is going to be, how do we maintain momentum when there are so many short-term crises and pressures, and yet the climate crisis is intensifying?”
For Context: President Joe Biden is expected to appear at the summit after the midterm elections this week. The Paris climate accords, which the U.S. recommitted to in 2021, were ratified at COP21.
How the Media Covered it: Coverage of the summit’s opening was mild, mostly from outlets on the left. Coverage of the midterm elections is dominating headlines across the spectrum.
Featured Coverage of this Story
From the Center
What is COP27? Key issues for markets to watch as U.N. climate talks kick off in Egypt
Scores of high-profile government officials, corporate interests and protestors converage by Egypt’s Red Sea for the next two weeks, charged with quickening the progress in curbing costly and deadly global warming.
And they meet, under the banner of another United Nations Conference of Parties, this one COP27, faced with the pressing crises of food and energy shortages and a globe-impacting war in Ukraine.
Efforts at subsequent COP summits remain focused on honoring the pivotal gathering, in 2015 in Paris, when countries voluntarily agreed that warming must be held to 1.5...
From the Left
Money will likely be the central tension in the U.N.'s COP27 climate negotiations
As the United Nations climate conference opens in Egypt, the most critical talks will likely focus on the soaring costs of limiting — and adapting to — global warming, especially in the world's most vulnerable countries. It's a contentious conversation more than a decade in the making.
In 2009, industrialized countries pledged to provide developing nations with $100 billion a year in climate financing by 2020. The agreement is rooted in the fact that developed countries generated most of the heat-trapping pollution now in the atmosphere, while developing nations have...
From the Right
U.N. COP 27 Climate Summit Opens with Applause for ‘Activists’ and Fresh Compensation Call
Upwards of 40,000 people have flown from around the world to attend the United Nations COP 27 climate conference that began Sunday at a plush seaside resort in Egypt.
The opening day erupted in applause for the work of self-styled “activists” before delegates agreed with each other the issue of whether rich countries should compensate poor third world countries for “climate change” should be debated as a matter of urgency.
The conference in the Red Sea resort of Sharm el-Sheikh comes with a packed agenda, drawing massed attendees for two...
AllSides Picks
December 7th, 2023
December 6th, 2023
December 5th, 2023
December 4th, 2023
More News about Climate Change from the Left, Center and Right
From the Left
From the Center
From the Right
