Will Biden make good on America’s COP26 promises?
COP26 just wrapped on November 12, 2021 with lofty promises from countries about eventually curbing global emissions. Some countries pledged to cut their CO2 emissions, while many others were non-committal on what their nations would do to avoid the cataclysmic effects of even a moderate change in the average global temperature. The amount of global CO2 emissions would need to fall drastically over the next 10 years to avoid even moderate warming, but it looks likely that emissions will only continue to rise.
For his part, Joe Biden led the U.S. in agreeing to “phasing down” fossil fuels and keeping the global temperature to below 1.8 degrees celsius. Curiously, in the same week that President Biden celebrated this non-accomplishment, his administration leased 80 million acres for oil drilling in the Gulf of Mexico. Does anyone remember any terrible oil disasters in that same gulf during the Obama Administration he was V.P. of?
COP26 is only the latest international diplomatic summit intending to address climate change. Back in 2009, rich industrial nations promised to raise a $100 billion in annual fund that would assist less developed and more vulnerable countries in adapting to climate change, however 12 years later, that promise still remains unfulfilled. So how will this go down?
Recorded November 16, 2021
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