... The war in Ukraine has underscored the importance of decarbonizing transport, rethinking fertilizer and improving energy security, a senior U.S. official said...

 

 

Biden to lead major economies in push for more urgent action on climate

 

Andrea Shalal, Reuters

via Yahoo Finance - June 17, 2022

 

WASHINGTON, June 17 (Reuters) - U.S. President Joe Biden on Friday will urge China and other major economies to ramp up their efforts to combat climate change by cutting methane emissions, adopting ambitious targets for zero-emission vehicles and cleaning up shipping.

 

At the third virtual gathering of the Major Economies Forum (MEF) under his presidency, Biden will also call on countries to spend $90 billion to speed commercialization of clean technologies, and to develop new fertilizers that cut agricultural emissions and boost food security, senior U.S. officials told reporters.

 

Friday's meeting will be the largest gathering of world leaders on climate change before the November global climate conference known as COP27 to be held in Sharm el-Sheikh, Egypt.

 

The White House said Biden and Egyptian President Abdel Fattah el-Sisi will announce a joint effort to build climate resilience in Africa, while other countries were slated to join in several initiatives to reduce emissions.

 

The countries that make up the MEF account for roughly 80% of global economic output and global greenhouse gas emissions.

 

Several countries were expected to announce new 2030 emissions targets under the Paris climate agreement, the White House said, but did not name them.

 

The gathering comes at a critical juncture, with Russia's invasion of Ukraine having driven energy prices sharply higher and exposing Europe's huge dependence on Russia for about 40% of the natural gas used to heat its homes and generate electricity.

 

The war in Ukraine has underscored the importance of decarbonizing transport, rethinking fertilizer and improving energy security, a senior U.S. official said...

 

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