Rolling coverage of the latest economic and financial news
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Boris Johnson has given an interview to Bloomberg, in which he warns that the COP 26 global climate talks taking place in Glasgow at the end of the month will be “extremely tough”.
Asked about his goals for the summit (which China’s Xi Jinping seems unlikely to attend), Johnson says he’s hoping for a “good turnout”, and to “keep 1.5 alive” (the goal of limiting global temperature increases to 1.5 degrees celsius).
I think COP was always going to be extremely tough, we’re hoping that we’ll get a good turnout in spite of the pandemic. What we want people to focus on is their nationally determined contributions, in reducing their CO2, making those hard pledges. Plus we want commitments on coal, cars, cash and trees. So we want the world to move away from coal by 2040 (2030 for the developed nations).
We want to make sure that everyone stops using hydrocarbon-fueled internal combustion engine cars and the U.K.’s in the lead there, we said that we would stop that by 2030. We want a big package for the developing world to help countries that haven’t been historic emitters to cut their carbon so we need that 100 billion dollars a year, we need that 100 billion dollars, and the last thing is we want to make sure we plant millions and millions of trees to help to fix the carbon and to restore the balance of nature so those are the — we need the nationally determined contributions, we need to keep 1.5 alive, we need to restrict the growth in temperatures to 1.5 degrees by the end of the century.
