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In run-up to COP 26, Petersberg dialogue and G7 start fleshing out commitments on adaptation - World

In run-up to COP 26, Petersberg dialogue and G7 start fleshing out commitments on adaptation
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Arguing that the world stands “at the edge of the abyss” on climate, UN Secretary General Antonio Guterres issued an urgent new call to ministers at the Petersberg Climate Dialogue that ended Friday to do more to balance climate finance for adaptation and mitigation.
Adaptation in the developing world alone was now estimated to cost US$ 70 billion a year, Mr Guterres said by video link, and this could rise to US$ 300 billion by 2030.
“I reiterate my call to donors and multilateral development banks to ensure that at least 50 per cent of climate finance is for adaption and resilience”, he added, noting that money for adaptation to developing countries currently represents only just over 20 per cent of all climate finance. ....

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G7 Foreign and Development Ministers' Meeting Communiqué (London, 5 May 2021)

G7 Foreign and Development Ministers’ Meeting Communiqué (London, 5 May 2021)
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I. Preamble
1. We, the Foreign and Development Ministers of the Group of Seven (G7), and the High Representative of the European Union, are meeting today at a critical juncture for our people, our planet, our security and our future prosperity. Democracy is under pressure globally; the pandemic continues to pose acute global challenges; new technological threats are mounting; and the catastrophic effects of climate change are increasing. We commit to strengthening open societies, shared values, and the rules-based international order. We affirm that free and fair trade, and the free and secure flow of capital, data, knowledge, ideas and talent is essential to our long-term prosperity. We affirm that liberal democracy and free and fair markets remain the best models for inclusive, sustainable social and economic advancement. We commit to tackling threats jointly and committing our re ....

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Sleepwalking into COP26 collapse – why the UK must drop its aid cuts

Andrew Norton is director of IIED
The United Kingdom has a key role in 2021, as chair of both G7 and COP26, to show strong support for climate-vulnerable countries (Photo: Denis Onyodi/KRCS via Flickr, CC BY-NC 2.0)
Last month’s US climate summit did not deliver sufficient support for vulnerable countries. This failure poses a significant risk to getting a good outcome at the COP26 UN climate summit in November.
The UK must reinstate its commitment to providing 0.7% of its gross national income annually as overseas development assistance (ODA) now. Only then can the UK presidency wield the moral authority needed to get the G7 to step up and put COP26 back on track. ....

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Biden's climate summit needs to show leadership for the most vulnerable – here's how | International Institute for Environment and Development

Andrew Norton is director of IIED
This week, US President Biden invites 40 world leaders to participate in the virtual Leaders Summit on Climate (Photo: Gage Skidmore via Flickr, CC BY-SA 2.0)
A new era in US climate politics will begin this week, as US President Joe Biden hosts the much-anticipated Leaders Summit on Climate on April 22-23. This follows a surge in US climate diplomacy in recent months, and speculation that the US will announce a new emissions reduction target at the summit. Alongside the more ambitious emissions reduction target announced by the UK on Tuesday, this will set a positive tone for mitigation discussions at the summit this week. ....

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COP26 President-Designate welcomes Costa Rica's climate leadership

COP26 President-Designate welcomes Costa Rica's climate leadership
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

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