Latest news with #PetersbergClimateDialogue
E&E News
12-06-2025
- Politics
- E&E News
US to skip Bonn climate talks as world charts path to COP30
The Trump administration is bailing on a climate summit in Bonn, Germany, that has long served as a stepping stone to broader international talks later in the year. The State Department confirmed the decision not to send a delegation to the Bonn meeting next week, but did not offer a reason. It will be the first time the United States has not had some presence at the climate talks since they began 30 years ago, when they were first held in Geneva. The move is the latest sign the U.S. is stepping back from global climate negotiations. President Donald Trump announced in January that he was exiting the Paris climate agreement, a pact among nearly 200 nations to limit global warming. Advertisement Since then, the U.S. has skipped several related international meetings, including the U.N. Ocean Conference, now ongoing, and the Petersberg Climate Dialogue, held in March. As the State Department evaluates America's continued participation in other international treaties and organizations, it already has announced it's eliminating the Office of Global Change, which oversaw international climate change negotiations.
Yahoo
15-04-2025
- Business
- Yahoo
Study shows accelerated action in key area could boost economy: 'Anyone who dismisses ... cannot count'
A new study by the Organisation for Economic Co-operation and Development and the United Nations Development Programme found that the global GDP could increase by 0.2% if the UN commits to accelerated climate action. According to their findings, well-designed climate policies could cut pollution and enhance efficiency, productivity, and innovation. The study found that the economic impact of policy-driven price and consumption changes would be offset by the productivity and innovation produced by these actions. While a 0.2% increase may not seem like a lot on the surface, on a global level, according to Reuters, this increase would be equivalent to the size of Sweden's economy. This study comes in light of the gathering of ministers from around 40 countries in Berlin for the Petersberg Climate Dialogue, which is set to focus on preparations for the UN climate conference in Brazil later this year. The study warns that poorly constructed climate policies could delay private investment and cut GDP by 0.75% within the next five years. These findings are a hopeful sign that the UN will reach agreements to enact meaningful, clear, and effective climate action. Many of these world leaders ultimately care primarily about their bottom line, and with data to support that there are real financial benefits to be gained from enacting climate change policies, it is more likely than ever that these leaders will work together to focus on climate action. These findings are also huge for getting world leaders who are pro-climate activism but worried about the financial ramifications to get fully on board with accelerating climate action. German foreign minister Annalena Baerbock said in a statement, "Anyone who dismisses climate action in these turbulent times as being expensive, onerous, or superfluous cannot count." How often do you feel hopeful about the future of the planet when you read news stories or watch entertainment content? Often Sometimes Rarely Never Click your choice to see results and speak your mind. Baerbock has also stated that the Petersberg conference would focus on implementing the goals set at the Dubai climate summit in 2023, which include a deal to transition away from dirty fuels and an agreement to triple global renewable energy capacity. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Iraqi News
27-03-2025
- Business
- Iraqi News
US may miss out on green tech boom: Germany
Berlin – Europe must seize on the 'huge economic opportunities' offered by the green technology boom, Germany said Wednesday — adding it was up to the United States if it decided to miss out. Since returning to the White House, President Donald Trump's administration has withdrawn the United States from the landmark Paris Agreement for a second time and vowed to focus heavily on fossil fuel extraction. German Chancellor Olaf Scholz said at a climate conference in Berlin that he 'deeply regretted' the United States leaving the Paris climate accord and stressed the 'enormous' economic opportunities it is missing out on. 'The global market for climate-friendly key technologies continues to grow rapidly,' Scholz told the Petersberg Climate Dialogue. He said investments in the global energy transition had exceeded the $2 trillion mark, which 'corresponds to the volume of the entire global oil trade today'. The meeting's host, Foreign Minister Annalena Baerbock, said economic data contradicted the 'old prejudice' that investing in climate protection was 'unaffordable'. 'We all know that there are spoilers in the world right now who want to prevent' greater climate investments, she told the first major meeting of the year related to the COP30 summit taking place in Brazil in November. Baerbock added that 'today climate protection and economic growth no longer contradict one another'. 'Climate protection opens up huge economic opportunities, and we as Europeans want to seize them', she added. Europe especially wants to work with 'companies and countries in Latin America, Africa and other regions around the world,' Baerbock said. 'If others, such as the United States, decide to stay out of it, that is their decision.' – 'Renewing economies' – United Nations Secretary-General Antonio Guterres echoed Baerbock's message, telling the Berlin meeting in a virtual address that 'renewables are renewing economies'. 'They are powering growth, creating jobs, lowering energy bills and cleaning our air. And every day, they become an even smarter investment.' Baerbock also hailed as 'historic' a recent agreement struck in Germany to channel an extra 100 billion euros ($107 billion) to climate measures. Her Greens, who are set to leave government after faring poorly in February elections, wrung the concession from other political parties in exchange for agreeing to support plans for greater defence and infrastructure spending. EU climate commissioner Wopke Hoekstra meanwhile warned that the world was living in 'tremendously difficult times'. 'We're facing problems literally from every direction — and clearly also in the domain of climate action,' he told the meeting. Beyond the United States withdrawing from climate cooperation, there have also been concerns that the issue is being pushed down the global agenda by national security and economic pressures. 'But there's no alternative,' Hoekstra stressed. 'Humanity doesn't have an alternative and cannot wait.
Yahoo
26-03-2025
- Business
- Yahoo
US may miss out on green tech boom: Germany
Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out. Since returning to the White House, President Donald Trump's administration has withdrawn the United States from the landmark Paris Agreement for a second time and vowed to focus heavily on fossil fuel extraction. German Chancellor Olaf Scholz said at a climate conference in Berlin that he "deeply regretted" the United States leaving the Paris climate accord and stressed the "enormous" economic opportunities it is missing out on. "The global market for climate-friendly key technologies continues to grow rapidly," Scholz told the Petersberg Climate Dialogue. He said investments in the global energy transition had exceeded the $2 trillion mark, which "corresponds to the volume of the entire global oil trade today". The meeting's host, Foreign Minister Annalena Baerbock, said economic data contradicted the "old prejudice" that investing in climate protection was "unaffordable". "We all know that there are spoilers in the world right now who want to prevent" greater climate investments, she told the first major meeting of the year related to the COP30 summit taking place in Brazil in November. Baerbock added that "today climate protection and economic growth no longer contradict one another". "Climate protection opens up huge economic opportunities, and we as Europeans want to seize them", she added. Europe especially wants to work with "companies and countries in Latin America, Africa and other regions around the world," Baerbock said. "If others, such as the United States, decide to stay out of it, that is their decision." - 'Renewing economies' - United Nations Secretary-General Antonio Guterres echoed Baerbock's message, telling the Berlin meeting in a virtual address that "renewables are renewing economies". "They are powering growth, creating jobs, lowering energy bills and cleaning our air. And every day, they become an even smarter investment." Baerbock also hailed as "historic" a recent agreement struck in Germany to channel an extra 100 billion euros ($107 billion) to climate measures. Her Greens, who are set to leave government after faring poorly in February elections, wrung the concession from other political parties in exchange for agreeing to support plans for greater defence and infrastructure spending. EU climate commissioner Wopke Hoekstra meanwhile warned that the world was living in "tremendously difficult times". "We're facing problems literally from every direction -- and clearly also in the domain of climate action," he told the meeting. Beyond the United States withdrawing from climate cooperation, there have also been concerns that the issue is being pushed down the global agenda by national security and economic pressures. "But there's no alternative," Hoekstra stressed. "Humanity doesn't have an alternative and cannot wait. sr/fz/lth
Zawya
26-03-2025
- Business
- Zawya
COP30 president vows to defend global climate fight
Berlin: Brazil's UN COP30 president on Tuesday said that this year's summit would aim to defend climate action by governments against "serious" geopolitical challenges, while also pushing the private sector to contribute more to the fight. Andre Correa do Lago, a veteran climate diplomat tapped to lead the November conference, also vowed to campaign for greater climate funding for poorer nations in a closely-watched speech that did not mention fossil fuels. COP30 in the Amazonian city of Belem marks a decade since the signing of the Paris Agreement, but follows the second US withdrawal from the landmark pact and other global efforts to address climate change. There are concerns that climate change is being crowded out of the global agenda by national security and economic pressures. A finance deal for developing nations brokered at the last COP in Azerbaijan was slammed as inadequate, while other global conservation efforts have stalled, including negotiations towards a plastic treaty. Corporations, too, are rolling back pledges to cut their carbon footprints. Correa do Lago said that November's COP30 would be an opportunity to advance and defend the climate agreements forged through years of cooperation and negotiation to tackle this "shared global crisis". "In a time of serious geopolitical, social, economic and environmental challenges... we must reinforce multilateralism," he told the Petersberg Climate Dialogue, the first major COP30-related meeting of the year. German Foreign Minister Annalena Baerbock, without naming any countries, told attendees that the Paris accord was "coming under pressure once again". "Anyone who dismisses climate action in these turbulent times as being expensive, onerous or superfluous, cannot count," she said. 'Join forces' Correa do Lago said governments "must do their part in this global effort" by unveiling stronger 2030 targets for cutting domestic greenhouse gas emissions. Most countries -- including major emitters China, Europe, and India -- missed the deadline in February to submit these national climate plans. But businesses also have "a crucial role to play" and must "contribute significantly" in shifting the global economy to a low-carbon future, he said. The private sector would be essential to raise the $1.3 trillion a year in external finance that developing nations will need by 2035 to meet their climate needs, Correa do Lago added. He also urged nations to "join forces" to keep global warming to 1.5 degrees Celsius above pre-industrial levels, the safer limit of the Paris accord. But the COP30 president made no mention of fossil fuels, the key driver of global warming, despite nations agreeing in 2023 to transition away from oil, coal and gas. Critics say this pledge has not been honoured, and emissions of heat-trapping gases from burning fossil fuels hit fresh highs in 2024. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
