Tag Archives: Global

World’s richest 10pc produce half of global carbon emissions: Oxfam

Posted December 03, 2015 00:57:17

The richest 10 per cent of folks make half of Earth’s climate-harming fossil-fuel emissions whilst the poorest half contribute a mere ten per cent, a new study kind British charity Oxfam says.

Oxfam published the numbers as negotiators from 195 nations met in Paris to wrangle over a climate rescue pact.

Disputes more than how to share responsibility for curbing greenhouse-gas emissions and aiding climate-vulnerable countries are amongst the thorniest and longest-operating issues in the 25-year-old UN climate approach.

“Wealthy, high emitters must be held accountable for their emissions, no matter exactly where they live,” Oxfam climate policy head Tim Gore said in a statement.

“But it really is easy to forget that swiftly establishing economies are also home to the majority of the world’s really poorest folks and whilst they have to do their fair share, it is wealthy nations that need to still lead the way.”

The report stated that an typical particular person among the richest 1 per cent emits 175 times much more carbon than his or her counterpart among the bottom 10 per cent.

Rich and building nations stay deeply divided on the issue of “differentiation”, or how to share out responsibility for curbing greenhouse gas emissions, which derive mostly from burning coal, oil and gas.

Developing nations say the West has polluted for a lot longer and should shoulder a larger obligation for cutting back.

They also demand assurances of finance to support them shift to less-polluting renewable power, shore up defences against climate impacts such as sea level rise, droughts and superstorms, and to cover harm that can’t be avoided.

“We hope sophisticated nations will assume ambitious targets and pursue them sincerely. It really is not just a query of historical duty — they also have the most space to make the cuts and make the strongest effect,” Indian prime minister Narendra Modi told Monday’s opening of the summit by globe leaders.

Yet many wealthy nations, led by the United States, reject the concept of a “bifurcated” strategy with obligations placed on 1 group of nations, and not the other.

They point to the danger of carbon emissions, as measured by volume, rather than per capita, from emerging giants such as China and India.

Oxfam said its analysis “helps dispel the myth that citizens in swiftly developing nations are somehow most to blame for climate adjust.”

AFP

Subjects: climate-modify, charities, environment, community-and-society, france

Agen Sabung Ayam

‘We are at breaking point’: Hollande launches global climate deal push

Updated November 30, 2015 23:20:11

French president Francois Hollande has opened the Paris climate modify summit warning world leaders they require to be ready to commit to meaningful action to fight worldwide warming.

More than 150 globe leaders — such as Prime Minister Malcolm Turnbull — have arrived in Paris to attend the United Nations talks, armed with promises and accompanied by higher expectations as they appear to hold back the Earth’s increasing temperature.

Key points

  • Hollande says the fights against worldwide warming and terrorism are closely linked
  • Planet leaders are below stress to keep away from the anti-climactic talks in Copenhagen in 2009
  • As the world’s greatest emitters, China and the US have pledged to lead the way

Mr Hollande reiterated that a deal to try to hold any additional increase in global temperatures to beneath two degrees Celsius required to be “universal, differentiated and binding”, with richer countries contributing a lot more than poorer ones.

“I can’t separate the fight with terrorism from the fight against global warming,” he mentioned at the opening of the talks.

“These are two large global challenges we have to face up to, simply because we have to leave our youngsters a lot more than a world freed of terror, we also owe them a planet protected from catastrophes.”

World peace is at stake in the talks, he mentioned.

Soon after decades of struggling negotiations marked by the failure of a previous summit in Copenhagen six years ago, some form of landmark agreement seems all but assured by mid-December.

External Link: ABC correspondent Lisa Millar at COP 21

Mr Hollande warned that there could not be a vague agreement.

“To resolve the climate crisis, very good will, statements of intent are not enough,” Mr Hollande stated, telling world leaders that the future of humanity rested on their shoulders.

“We are at breaking point.”

Warnings from climate scientists, demands from activists and exhortations from religious leaders like Pope Francis, coupled with significant advances in cleaner power sources like solar power, have all added to stress to cut the carbon emissions held responsible for warming the planet.

Most scientists say failure to agree on robust measures in Paris would doom the globe to ever-hotter typical temperatures, bringing with them deadlier storms, more frequent droughts and rising sea levels as polar ice caps melt.

As the summit opened in Paris, the capitals of the world’s two most populous nations, China and India, had been blanketed in hazardous, choking smog, with regulators in Beijing asking factories to limit output and halting construction work.

On the eve of the summit, hundreds of thousands of people from Australia to Paraguay joined the largest day of climate alter activism in history, telling world leaders there was “No Planet B” in the fight against worldwide warming.

“This previous year has been a turning point,” Christiana Figueres, the UN’s climate chief, told delegates.

Arriving in a sombre city exactly where safety has been tightened right after Islamist militant attacks that killed 130 folks on November 13, every single leader will be permitted a brief opening speech, just a couple of minutes extended.

US, China pledge to push for climate deal in Paris

US president Barack Obama and his Chinese counterpart Xi Jinping have pledged to operate with each other for a climate adjust agreement that ensures a “low carbon international economy” this century.

At the start of bilateral talks held on the sidelines of the Paris gathering, Mr Obama mentioned the two countries’ decision to make their personal emissions-reduction pledges final year had helped drive other nations to comply with suit.

US president Barack Obama shakes hands with Chinese president Xi Jinping. Photo: US president Barack Obama shakes hands with Chinese president Xi Jinping during their meeting. (Reuters: Kevin Lamarque)

“As the two largest economies in the planet and the two largest carbon emitters, we have both determined that it is our responsibility to take action,” Mr Obama mentioned, with Mr Xi sitting subsequent to him.

“Our leadership on this issue has been totally essential.”

Mr Obama mentioned the two countries would perform collectively at the talks to accomplish an agreement that moves toward a low carbon global economy this century and “robust” monetary help for developing nations adapting to climate adjust.

Mr Xi said the two countries would work side by side to ensure the Paris conference accomplished its objectives, and he noted that cooperation amongst the United States and China at a time of multiple international challenges was essential.

“The world economy is recovering slowly, terrorism is on the rise and climate change is a enormous challenge. There is far more instability and uncertainty in [the] international situation,” Mr Xi mentioned by means of a translator.

The world’s two biggest carbon emitters, after on opposite sides on climate concerns, agreed in 2014 to jointly kick-begin a transition away from fossil fuels, every at their own speed and in their own way.

That partnership has been a balm for the principal source of tension that characterised earlier talks, in which the developing world argued that countries that grew rich by industrialising on fossil fuels need to spend the price of shifting all economies to a renewable energy future.

Reuters

Subjects: climate-adjust, atmosphere, activism-and-lobbying, world-politics, climate, france

1st posted November 30, 2015 23:11:27

Agen Sabung Ayam

Global stocks edge lower after series of gains

By JOE McDONALD, AP Enterprise Writer

BEIJING (AP) — International stocks had been largely decrease Monday as momentum faded from a week of powerful gains on Wall Street.

Keeping SCORE: In early trading, France’s CAC-40 shed .7 percent to 4,877.43 and Germany’s DAX declined .three % to 11,089.22. Britain’s FTSE 100 fell .five % to 6,301.90. Futures pointed to losses on Wall Street. Dow futures fell .1 % to 17,780.00 and S&ampP 500 futures shed .1 % to two,085.60. Last week, U.S. stocks recorded their ideal week this year on gains by retailers and technologies businesses as investors put jitters about the Paris attacks behind them.

FED EXPECTATIONS: Investors have steadily gotten used to the notion that the Federal Reserve is preparing to raise interest prices at its December meeting from record-low levels. They had been concerned, due to the fact higher prices can depress stock costs. But investors appear to have come around to seeing a achievable hike as a constructive sign that the Fed believes the economy is on strong footing.

ANALYST’S TAKE: “The marketplace is seeking beyond the first price hike and focusing on Fed’s reiteration that the pace of price normalisation is going to be gradual, quite extremely gradual,” mentioned IG analyst Bernard Aw in a report. Minutes from Fed meetings “have hinted that the pace will be much slower than that of earlier price hike cycles,” he mentioned. “In that regard, despite the Fed potentially raising prices in December, it will nonetheless be deemed as dovish,” mentioned Aw.

ASIA’S DAY: The Shanghai Composite Index lost .six % to three,610.31 whilst South Korea’s Kospi rose .7 % to 2,003.70. Hong Kong’s Hang Seng was off .four % and Australia’s S&ampP/ASX 200 added .4 % to 5,276.40. Japanese markets had been closed for a vacation. Benchmarks in Taiwan, Bangkok and Manila sophisticated. Singapore and Jakarta retreated.

EUROPE STIMULUS: Investors had been encouraged by comments Friday from the head of the European Central Bank that it “will not hesitate” to expand stimulus if necessary to help a recovery. Mario Draghi’s speech at a banking forum in Frankfurt reinforced earlier statements taken by markets as a green light for the bank to take action at the Dec. 3 meeting of its governing council. The ECB could improve its 1.1 trillion euro ($ 1.two trillion) plan of bond purchases or decrease its rate on money deposited at the ECB by banks farther into negative territory.

Power: Benchmark U.S. crude was down $ 1.21 to $ 40.69 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 18 cents on Friday to close at $ 41.90. Brent crude, used to price tag international oils, fell 90 cents to $ 43.76 per barrel in London. The contract rose 48 cents the prior session to $ 44.60.

CURRENCIES: The dollar rose to 123.21 yen from 122.79 yen. The euro fell to $ 1.0610 from $ 1.0649.

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