Current:Home > MarketsTrendPulse Quantitative Think Tank Center-UN Climate Summit Opens with Growing Concern About ‘Laggard’ Countries -Quantum Capital Pro
TrendPulse Quantitative Think Tank Center-UN Climate Summit Opens with Growing Concern About ‘Laggard’ Countries
Ethermac View
Date:2025-04-08 10:39:52
As delegates from nearly 200 countries convene this week in Madrid for the annual UN climate summit,TrendPulse Quantitative Think Tank Center the gap between the countries willing to reduce emissions and those who are not has become ever more stark.
Ahead of the two-week COP25 gathering, the European Parliament declared a “climate emergency” in an effort to pressure the European Union into more ambitious green policies.
Yet others are moving in the other direction, notably the United States, the world’s biggest per-capita emitter, which has begun the long process of leaving the Paris climate agreement entirely, a move expected to be completed next autumn. The Paris Agreement, adopted by almost 200 nations, aims to limit global warming to well below 2 degrees Celsius (3.6°F), but global carbon emissions have continued to rise.
“The point of no return is no longer over the horizon,” United Nations Secretary-General António Guterres told reporters in the Spanish capital. “It is in sight and hurtling toward us.”
Laurence Tubiana, an architect of the Paris pact, said that China, the world’s largest emitter, and Japan also appeared to be climate laggards, with the two pushing ahead on new coal-fired power stations and financing coal plants abroad.
“If countries are to conform with the spirit and the letter of the Paris Agreement, they have to prepare two elements for next year: one is a [climate pledge] that is revised for the better and the second is to prepare their 2050 strategy,” she said.
The main task of delegates this year will be to find agreement on a global carbon offset market, and to convince signatories to the Paris pact to submit bolder climate goals in 2020. Dozens of countries, including the UK, have this year adopted targets for net zero emissions by 2050, but almost none have yet enacted specific policies to reach that goal.
Teresa Ribera, Spain’s environment minister, said her country’s last-minute decision to host the talks was essential to prevent a collapse in international climate efforts, after Santiago, the original host, canceled to focus on civil unrest at home.
“We couldn’t have the risk that the conference didn’t take place at a critical moment, and risk the implosion of the whole system to deal with climate change,” she said. “We did this out of conviction that the world needs to commit to multilateral activism.”
Chile remains the chair of the summit, but Spain has been busying itself with conference logistics and securing accommodation for many of the 20,000 expected attendees.
Spain: A Microcosm of the Climate Challenge
For Ribera, the real work begins after the delegates leave, as she seeks to steer through deep cuts in Spain’s own emissions in the face of domestic political deadlock.
Her plan would commit Spain to cutting greenhouse gas emissions by 21 percent from their 1990 levels by 2030. To do this, the renewable energy proportion of the country’s electricity generation would rise from about 40 percent today to 74 percent in 2030, largely by boosting wind and solar power. Spain is also targeting net zero emissions by 2050.
Her proposals are a microcosm of the environmental challenge faced by governments across the world, which have signed up to tough climate goals but not put in place the measures to reach them.
At a time of deep political dysfunction in Spain, it is far from assured that the plan will become a reality. Ribera is in office in only a caretaker capacity and the government to which she hopes to belong — a leftwing coalition with the Podemos party — has yet to be confirmed by parliament.
Some campaigners have criticized the proposals for being short on detail and political will.
“The commitment to cut emissions by just 20 percent of the 1990 level compares with the EU objective of 40 percent,” said José Luis García of Greenpeace Spain. “You can’t call that ambitious.”
Ribera dismissed such complaints and said her plan would be among the first piece of legislation for the new government — assuming it is confirmed in office. Yet Spain’s fragmented politics mean it has held four national elections in four years, and none of them have produced strong governments.
Ramping Up Solar and Wind Power
Under her proposals, Ribera predicted an “explosion” in Spain’s solar capacity, which has lagged that of other EU countries until now — the legacy of a crash in the sector a decade ago.
Iberdrola, Spain’s biggest utility group, has pledged to more than triple its planned investment in the country’s wind and solar sector to €3 billion by 2022. This includes building a 500 megawatt solar plant in Badajoz, the biggest of its kind under construction in Europe, and plans for a still-larger facility in Extremadura.
The minister’s plans have tested relations with the country’s automobile industry, which exports the lion’s share of its production but worries about the effect on the sale of gas- and diesel-fueled vehicles.
“The car industry in Spain is making a commotion about things happening faster than they wanted,” Ribera said, doing little to hide her impatience. “The worst thing you can do is deny reality.”
© The Financial Times Limited 2019. All Rights Reserved. Not to be further redistributed, copied or modified in any way.
veryGood! (3)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Lionel Messi earns $20.4 million under contract with Major League Soccer’s Inter Miami
- US-Russian editor detained and charged as foreign agent in Russia, news outlet says
- Las Vegas Aces become first repeat WNBA champs in 21 years, beating Liberty 70-69 in Game 4
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- EU debates how to handle rising security challenges as Israel-Hamas war provokes new concerns
- Deshaun Watson 'can't put a timeline on' return as Browns QB misses another practice
- A sweeping gun bill aimed at tightening firearm laws passes in the Massachusetts House
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Britney Spears Accuses Justin Timberlake of Cheating on Her With Another Celebrity
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 96-year-old newlyweds marry at Kansas senior living community that brought them together
- Man who killed 2 South Carolina officers and wounded 5 others in ambush prepares for sentencing
- Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market
- The Grammy nominee you need to hear: Esperanza Spalding
- Joran van der Sloot confesses to 2005 murder of Natalee Holloway in Aruba: Court records
- Here's Sweet Proof John Legend's 3-Month-Old Son Wren Is His Twin
- You Can Bet on Loving This Photo of Zac Efron and His Little Siblings Olivia and Henry
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Joran van der Sloot Confessed to Brutal Murder of Natalee Holloway, Judge Says
Israel, Gaza and how it's tearing your family and friends apart
Wife, daughter of retired police chief killed in cycling hit-and-run speak out
DoorDash steps up driver ID checks after traffic safety complaints
Nicaragua releases 12 Catholic priests and sends them to Rome following agreement with the Vatican
Texas installing concertina wire along New Mexico border
Florida GameStop employee fatally shot a fleeing shoplifter stealing Pokemon cards, police say