In a first-of-its-kind agreement, South Africa will receive around $8.5bn from the US and European countries to help it ditch coal, its major power source. South Africa to receive help ditching coal Tokyo’s $10bn pledge “has the ability to leverage and to produce from the World Bank and other sources about another $8bn”, he said. He mused that Japan’s recent multibillion dollar pledge could finally tip the summit past its three-year-overdue climate finance target of $100bn for the developing world – but likely not until next year. With Mr Biden and the EU's Ursula von der Leyen and US President Joe Biden turning up late to the methane announcement, US special climate envoy John Kerry was left to fill some time. Japan pledge could see $100bn finance target finally met It’s going to improve food supplies by cutting crop losses.” It’s going to improve health, reduce asthma and respiratory-related emergencies. “It’s going to make a huge difference, not just when it comes to fighting climate change. Today it’s over 80 and approaching 100 countries,” Joe Biden said. “At the time, nine countries had signed on. Nearly 100 countries have signed up to multi-country pledge to cut methane emissions by 30 per cent by 2030, compared to 2020 levels – first announced in September. Mr Bezos told delegates his flight to space in July made the atmosphere seem “so thin, the world so finite and so fragile”.
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More than 100 nations – collectively home to 85 per cent of the world’s forests – have signed a declaration to “halt and reverse” the destruction of forests and land by the end of the decade, in a pledge supposedly backed by £14bn in investment.Īlso stepping in to help the natural world was Amazon founder Jeff Bezos, who announced £1.47bn for restoring land in Africa. ‘Let’s end great chainsaw massacre,’ Boris Johnson says Here’s a round-up of some of the key takeaways from day two of the conference: UK apologises after Israeli minister says she could not access summit in wheelchair Nearly 100 countries commit to ‘game-changing’ methane pledge
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Sunak promises to make Britain ‘world’s first net-zero-aligned financial centre’ġ00 nations make commitment to ‘halt and reverse’ deforestationīiden says China not showing up at Cop26 'big mistake’ The Independent launches petition calling on world leaders to act immediately on the climate crisis Key Points What are the Covid rules at Cop26 and why did maskless Boris Johnson sit next to David Attenborough? The US president also claimed China has made a “big mistake” by not joining world leaders in Glasgow, saying they wanted to be world leaders but were “walking away” on the “gigantic issue” of climate breakdown.Ĭop26: Leaders promise to halt deforestation by 2030, but campaigners say action needed now Elsewhere at the summit, Joe Biden announced that nearly 100 countries have signed a pledge to slash emissions of the potent greenhouse gas methane by 30 per cent by 2030 from 2020 levels.