Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured

COP Background Chatter Supports Views Held By Greta

Nov 8, 2021 | Pratirodh Bureau

Climate activist Greta Thunberg speaks at a Fridays for Future march during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain on November 5, 2021 (Reuters)

Greta Thunberg looks to have COP26’s number. The 18-year-old Swedish environmental activist opened her speech to green protesters on Friday by declaring the global climate shindig a failure. If some business leaders and policymakers in Glasgow were prepared to express openly what they were saying behind the scenes, that might be a more widely held view.

The first of two conference weeks ended on a nuanced note. Former banks regulator Adair Turner said that government pledges made thus far would only shave 9 billion tons off the 43 billion tons of carbon dioxide emitted annually by 2030. To keep global warming to the targeted 1.5 degrees Celsius they must halve. On the other hand, former Bank of England boss Mark Carney, Standard Chartered chief Bill Winters and other A-list financiers rejoiced that $130 trillion of banking, insurance and investment assets were now signed up to achieve the same target.

For some in the financial sector, these private-sector promises can paper over public shortcomings. If every member of the Glasgow Financial Alliance for Net Zero does what it has committed to, everything that touches the Western financial system – including big emitter borrowers like global multinational companies and petro-states seeking bond finance – will have to toe the line. In that scenario, business leaders would achieve de-carbonisation even if politicians can’t agree on tougher targets.

Yet not all private-sector attendees in Scotland have got the memo, judging by background discussions and chatter in the green rooms before their panels. Many American delegates are currently concerned about energy security issues that have caused surging gas prices in Europe and elsewhere. The emerging buzzword from this bunch is for “responsible retirement” of oil and coal financing.

That might sound reasonable enough, given the potential for the sort of instant fossil-fuel reductions advocated by Thunberg to cause supply-demand imbalances and elevated prices. Yet the International Energy Agency’s 1.5 degrees Celsius pathway cites no need for new oil and gas investment. The concern of some observers is that responsible retirement is a euphemism for foot-dragging on an exit from profitable hydrocarbons financing.

Thunberg accused political leaders of doing nothing useful. That’s overblown. But if businesses don’t stick to their pledges, especially those from financiers signed up to Carney’s big GFANZ initiative, she will prove prescient. (Reuters)

Tags: COP26, COP26 climate summit, Greta Thunberg, Pratirodh

Continue Reading

Previous What’s The Difference Between 1.5°C & 2°C Of Global Warming?
Next Frustration And Fury Over Climate Finance At COP26

More Stories

  • Featured

No Link With Udaipur Killing Accused: Raj BJP Minority Wing

12 hours ago Pratirodh Bureau
  • Featured

Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict

17 hours ago Shalini
  • Featured

Floods In Assam Lead To Massive Destruction, Cripple Life

19 hours ago Pratirodh Bureau

Recent Posts

  • No Link With Udaipur Killing Accused: Raj BJP Minority Wing
  • Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict
  • Floods In Assam Lead To Massive Destruction, Cripple Life
  • Delhi HC Notice To Police On Zubair’s Plea
  • ‘Why Different Treatment For Farmers & Large Businesses?’
  • Ban On Single-Use Plastic Items Kicks In
  • Improving Road Safety Could Save 30K Lives In India Annually: Study
  • At What Point Is A Disease Deemed To Be A Global Threat?
  • Twitter Accounts Linked To The Farm Movement Withheld: SKM
  • ‘Pandemic Is Changing But It Is Not Over’
  • Chopra Set To Win Medal In Stockholm Event
  • Bonn Climate Talks End In ‘Empty Pages’
  • Civilian Deaths In Russia-Ukraine Conflict Very Disturbing: India
  • Kanhaiya Lal Went To Police Claiming Threat To His Life
  • ‘Journalists Shouldn’t Be Jailed For What They Write, Tweet, Say’
  • ‘Muslims Will Never Allow Taliban Mindset To Surface In India’
  • Recording Mangrove Damage From Cyclones In The Sundarbans
  • Editors’ Guild Condemns Mohd Zubair’s Arrest
  • US SC’s Abortion Verdict Reverses Decades Of Progress: Activists
  • JNUTA, Others Demand Teesta’s Release

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

No Link With Udaipur Killing Accused: Raj BJP Minority Wing

12 hours ago Pratirodh Bureau
  • Featured

Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict

17 hours ago Shalini
  • Featured

Floods In Assam Lead To Massive Destruction, Cripple Life

19 hours ago Pratirodh Bureau
  • Featured

Delhi HC Notice To Police On Zubair’s Plea

19 hours ago Pratirodh Bureau
  • Featured

‘Why Different Treatment For Farmers & Large Businesses?’

1 day ago Pratirodh Bureau

Recent Posts

  • No Link With Udaipur Killing Accused: Raj BJP Minority Wing
  • Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict
  • Floods In Assam Lead To Massive Destruction, Cripple Life
  • Delhi HC Notice To Police On Zubair’s Plea
  • ‘Why Different Treatment For Farmers & Large Businesses?’
Copyright © All rights reserved. | CoverNews by AF themes.