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From the energy transition commission. its new report reveals that to have even a 50% chance of limiting global warming to 1.5 degrees celsuis, cop27 must trigger more action by governments. it also finds that the cost of phasing out coal, ending deforestation, and reducing carbon dioxide levels could hit $300 billion per year. that's a huge amount of money and needs to be found. joining me now is faustine delasalle, vice—chair of the energy transitions commission. you publish this report today, cop27 starts you publish this report today, c0 p27 starts on you publish this report today, cop27...

He's promising a decade later. we'll stay on top of the live speeches coming in from glasgow. in the hours ahead we are expecting to see the first substantial deal, according to the british government, more than 100 leaders representing over 85% of the world's forests will commit to ending and reverting deforestation by 2030. let's head to glasgow now where mark joins us with the perspective of earth systems forest. professor, very good morning to you. we are expecting as i sqjust sa, to hear a pledge from 100 countries to end or reverse deforestation by 2030. brazil, indonesia, russia, the ...

Iconic for environmental and climate activists. we are waiting to hear precisely what they think of this. the response has been pretty cautious, no doubt saving forests is worthwhile, but they want too know the detail. they want to know where the money is going to go. they want to know more of the specifics of the plan. it is on the whole, though, an important area of focus, something that the prime minister boris johnson here has been talking about trying to make progress on for sometime. the act of deforestation itself is responsible for a big chunk of annual gloebal emissions. deforestation...

They will know that glasgow was the historic turning point when history failed to turn. >> now, president biden says he hopes the u.s. will lead by the power of example, and he apologized to world leaders for the climate actions taken by the trump administration. >> i guess i shouldn't apologize, but i do apologize for the fact the united states in the last administration pulled out of the paris accords. >> let's get more on the story. joining us from edinborough, scotland, good morning to you, phil. we outlined yesterday it was about the stark warning. today we are expecting to hear commitmen...

Deforestation. >> reporter: so, this is one of the first big announcements to be made over the course of this conference. it is separate to the paris agreement process, which is aimed at driving down emissions country by country. this is a voluntary political agreement between 100 plus countries, we are told. separate to the issue of food consumption, it has been signed on by countries which do have big agricultural industries, which produce agricultural products and commodities like palm oil and soy and those sorts of things which are responsible for significantly driving deforestation. it in...