{"id":6899,"date":"2021-12-26T21:26:30","date_gmt":"2021-12-26T21:26:30","guid":{"rendered":"http:\/\/lonecandle.com\/?p=6899"},"modified":"2021-12-26T21:26:30","modified_gmt":"2021-12-26T21:26:30","slug":"john-kerry-calls-for-investing-trillions-to-get-big-emitters-to-quit-polluting","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=6899","title":{"rendered":"John Kerry calls for investing \u2018trillions\u2019 to get big emitters to quit polluting"},"content":{"rendered":"\n<p> &#8220;If the world is to \u201cavoid the worst consequences of the climate crisis,\u201d said Kerry, the challenge boils down to changing economic policy in a small group of large countries that he said were not doing enough to lower their greenhouse gas emissions.\u00a0<\/p>\n\n\n\n<p><br>He called them out by name: \u201cChina, Russia, India, Brazil, Mexico, Indonesia, South Africa and Saudi Arabia.\u201d&#8221;<\/p>\n\n\n\n<p><br>&#8230;<\/p>\n\n\n\n<p><br>&#8220;France, Germany, the U.K., U.S. and the EU\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/IP_21_5768\" target=\"_blank\">agreed<\/a>\u00a0\u2014 pending the outcomes of a task force \u2014 to shift an initial $8.5 billion to assist South Africa to retire its fleet of coal-fired power plants and retrain mine workers. South Africa in turn significantly raised its 2030 climate target ahead of the COP26 climate summit.<\/p>\n\n\n\n<p>Kerry said the South Africa model was \u201ca pretty damn good template.\u201d<\/p>\n\n\n\n<p>Timmermans told a POLITICO event on Wednesday that other countries \u201clike Indonesia, and indeed, India\u201d were interested in similar deals.<\/p>\n\n\n\n<p>But South Africa&#8217;s position was unique. The financial woes of public power utility Eskom meant it had a \u201cunique problem\u201d for its partners to solve, said Kerry. \u201cEvery place is going to have its own set of challenges.\u201d&#8221;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8220;China, on the other hand, is being approached altogether differently. The world&#8217;s second-largest economy and largest CO2-emitter is an equal and a rival \u2014 there will be no buying off Beijing. Kerry wants China to fund other countries\u2019 renewable energy sectors, but he didn&#8217;t invite China to partner in any of the specific deals the U.S. and Europe are working on.&nbsp;<\/p>\n\n\n\n<p>Relations between Beijing and Washington are tense. The Trump administration&#8217;s backtracking on the Paris Agreement has China questioning whether the U.S. will stick to its renewed climate commitments if a Republican wins the presidency in 2024.&#8221;<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.politico.eu\/article\/kerry-calls-for-paying-trillions-big-emitters-quit-polluting\/\" target=\"_blank\">https:\/\/www.politico.eu\/article\/kerry-calls-for-paying-trillions-big-emitters-quit-polluting\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;If the world is to \u201cavoid the worst consequences of the climate crisis,\u201d said Kerry, the challenge boils down to changing economic policy in a small group of large countries that he said were not doing enough to lower their greenhouse gas emissions. <\/p>\n<p>He called them out by name: \u201cChina, Russia, India, Brazil, Mexico, Indonesia, South Africa and Saudi Arabia.\u201d&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;France, Germany, the U.K., U.S. and the EU agreed \u2014 pending the outcomes of a task force \u2014 to shift an initial $8.5 billion to assist South Africa to retire its fleet of coal-fired power plants and retrain mine workers. South Africa in turn significantly raised its 2030 climate target ahead of the COP26 climate summit.<br \/>\nKerry said the South Africa model was \u201ca pretty damn good template.\u201d<\/p>\n<p>Timmermans told a POLITICO event on Wednesday that other countries \u201clike Indonesia, and indeed, India\u201d were interested in similar deals.<\/p>\n<p>But South Africa&#8217;s position was unique. The financial woes of public power utility Eskom meant it had a \u201cunique problem\u201d for its partners to solve, said Kerry. \u201cEvery place is going to have its own set of challenges.\u201d&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;China, on the other hand, is being approached altogether differently. The world&#8217;s second-largest economy and largest CO2-emitter is an equal and a rival \u2014 there will be no buying off Beijing. Kerry wants China to fund other countries\u2019 renewable energy sectors, but he didn&#8217;t invite China to partner in any of the specific deals the U.S. and Europe are working on. <\/p>\n<p>Relations between Beijing and Washington are tense. The Trump administration&#8217;s backtracking on the Paris Agreement has China questioning whether the U.S. will stick to its renewed climate commitments if a Republican wins the presidency in 2024.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[105,390,272,355,104,314],"class_list":["post-6899","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-climate-change","tag-diplomacy","tag-foreign-affairs","tag-foreign-policy","tag-global-warming","tag-international-relations"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6899"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6899\/revisions"}],"predecessor-version":[{"id":6900,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6899\/revisions\/6900"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}