Beijing: Chinese, French and German leaders agreed during a virtual summit to jointly work toward an equitable and reasonable climate governance mechanism for win-win cooperation and make the response to climate change a pillar for cooperation between China and the European Union.
During the meeting with French President Emmanuel Macron and German Chancellor Angela Merkel, President Xi Jinping said China will honour its commitments to limit its carbon emissions before 2030 and attain carbon neutrality before 2060, while describing the mission as a “hard battle” for the world’s largest developing country.
The leaders reached consensuses on the need to uphold multilateralism and implement the Paris Agreement across the board, highlighting the need to enable the Leaders Summit on Climate later this month to yield positive, balanced and pragmatic outcomes.
By Addison Gong
05.00 AM
In this round-up, Beijing and Washington pledge to fight climate change together, Citi plans to set up onshore securities and futures companies as it ends consumer banking operations in 13 markets including China, and the banking and insurance regulator reassures the market that Huarong Asset Management Co’s operations are stable.
China and the US have issued a joint statement on climate change, after a meeting in Shanghai between US special presidential envoy for climate, John Kerry, and China’s special envoy for climate change, Xie Zhenhua, last Thursday.
The climate crisis must be addressed “with the seriousness and urgency that it demands” and the two countries are committed to working together as well as with other countries and parties, said the statement published by the US Department of State. This will include enhancing their respective actions and cooperating in multilateral processes, such as the United Nations Framework Convention on
ASEAN Chairman’s statement:
The ASEAN-United Kingdom (UK) Open-Ended Troika Meeting was held on 8 April 2021 via videoconference to discuss the critical situation on the COVID-19 pandemic, initiatives to build a resilient and sustainable economic recovery, and efforts to address the adverse impact of climate change.
The Meeting was chaired by The Honourable Dato Erywan Pehin Yusof, Minister of Foreign Affairs II of Brunei Darussalam, in his capacity as the Chair of the ASEAN Foreign Ministers’ Meeting (AMM), and attended by His Excellency Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia, as the incoming Chair of the AMM, His Excellency Dato Lim Jock Hoi, Secretary-General of ASEAN, and The Right Honourable Dominic Raab MP, First Secretary of State and Secretary of State for Foreign, Commonwealth and Development Affairs of the UK. Other Foreign Ministers and high representatives of ASEAN Member States al
08 Apr 2021
Jenny Larsen,
Main picture by Juozas Šalna, licensed under CC BY 2.0
Fresh in collaboration with the World Bank provides concrete evidence that removing fossil fuel subsidies would not only make environmental sense but would also improve firms’ economic performance. New firm-level data from Oman show that higher fuel prices are not a drag on competitiveness. In fact, reducing subsidies and allowing fuel prices to rise could ultimately aid the post-COVID-19 recovery. This is because, according to the data studied, higher fuel prices drive business upgrading, leading to a boost in productivity. They could also encourage manufacturing companies to switch to the kind of long-term sustainable efficiency practices needed to stop climate change.
US, China eye renewables surge in climate pact - reNews - Renewable Energy News renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.