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Monday, September 26, 2022

US told to show readiness to pay debt owed towards equitable, just climate action

Ahead of the Leaders’ Climate Summit holding from April 22 to 23, 2021 hosted by President Joe Biden of the United States of America, speakers at a press conference organised by Climate Action Network and the Global Gas and Oil Network have said that the summit’s success hangs on the US delivering its fair share of climate action, on domestic mitigation and towards international cooperation and finance.

Joe Biden
US President Joe Biden

According to the campaigners, the Biden administration must set the political momentum for rapidly phasing out all financing towards fossil fuels, especially oil and gas, both domestically and internationally.

They noted that, with the rising climate impacts, the conversation around climate impacts has moved on since 2015 and must now centre around an honest political reckoning on addressing Loss and Damage – a key pillar of action under the Paris Agreement.

This, they stressed, must include a finance mechanism on Loss and Damage which will be critical for the success of COP26.

Jennifer Morgan, Executive Director, Greenpeace International, said: “Climate leadership means President Biden aggressively reining in fossil fuel corporations, which he has not yet done. To be regarded as a climate leader, Biden has to phase out fossil fuels at home and abroad and support other governments to follow suit. This means unequivocally ending all direct and indirect fossil fuel subsidies. The United States must act now to reduce absolute emissions by 70% from 2005 levels by 2030 and get on the path to zero emissions.”

Lidy Nacpil, Coordinator, Asian Peoples’ Movement on Debt and Development: “The restaurant is about to close, the bill needs prompt paying and while a few of the people had a three-course meal, the rest just had soup. Do you seriously offer to divide the bill equally? We are at a point where we know what needs to be done to reverse the climate chaos and it boils down to this simple principle: wealthier countries, who emit more now and historically, can and should do more with their emissions reductions and delivery of climate finance.”

Saleemul Huq, Director, International Centre for Climate Change & Development, Independent University, Bangladesh: “In the last four years since President Trump came in office, the world has shifted to the worse on climate change. We are no longer in 2015 but in 2021 where impacts are increasing and emissions this year are set to outdo previous years. Loss and Damage is real and attributed to human-induced climate change.

“For President Biden, this is the moment to honestly address the issue of Loss and Damage – a key pillar of action under the Paris Agreement. This includes leading the conversation on setting up a special finance mechanism. The Leaders’ Climate Summit must be the start to this process.”

Jean Su, Energy Justice Director, Center for Biological Diversity, USA: “While we applaud President Biden for re-entering the global climate stage, the test of genuine climate leadership is whether the U.S. meets its fair share of emissions reductions as the largest historical contributor to the climate emergency.

“Such ambitious reductions require immediately ending the fossil fuel era, deploying just and resilient renewable energy systems, and doing so in a way that combats the country’s deep inequalities and racism that it is festering from. It’s not enough that President Biden builds back better. We need to build back justly.”

Laurie van der Burg, Senior Campaigner at Oil Change International: “This will not be a ‘Climate Leaders’ Summit’ unless the United States, Canada, Norway and the United Kingdom – some of the world’s richest oil and gas producers – take decisive action to stop fossil fuel expansion. Even if coal use and production were phased out overnight, the emissions from oil and gas in existing fields alone would push the average global temperature rise beyond 1.5ºC. To live up to the goals of the Paris Agreement, world leaders need to put an immediate halt to new licenses for oil and gas production whilst ensuring a just transition for workers and communities.

“At home and abroad, these governments need to move public money out of fossil fuels and into the solutions that can create the jobs required for a green recovery from COVID-19. This includes providing debt-free and increased climate finance to low-income countries.“

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