COP27: What world leaders have done in 2022 on climate change
During the Climate Change Conference (COP26) held in Glasgow last year, global leaders gathered and agreed on steps to be taken to stop climate change.
But climate experts have told the BBC that progress in this direction has been slow in 2022 and that governments around the world have been diverted from the global energy and financial crisis.
Last week the United Nations warned that the world was headed for ruin. But there are also some glimmers of hope – including the new law brought in America and the change of power in Brazil. It is expected that the new government of Brazil will compensate for the damage being done to the Amazon forests.
Global leaders are leaving for COP27 to be held in Egypt next week. We are taking a look at seven important countries to understand who is ahead and who is dragging their feet behind.
America passed many new climate laws this year and has gone far ahead in this direction compared to other countries.
Provisions made under the Inflation Reduction Act aim to reduce greenhouse gas emissions in the US by 40 percent by 2030.
Dan Lashoff, US director of the World Resources Institute, told the BBC: “This is the largest investment in US history towards climate solutions. It is a great sign of progress.”
The objective of this new bill is to make renewable energy (green energy) the first choice in many big sectors such as power, transport and industry. The biggest benefit for the common people is the reduction in tax on buying an electric vehicle. Those who buy electric cars will be given a subsidy of about $ 7500.
But not every news is good. China has ended its cooperation with the US on the climate issue after senior American politician Nancy Pelosi’s controversial visit to Taiwan. This could have profound implications for international climate negotiations and agreements.
And because of the energy crisis, President Joe Biden has had to put 15 million barrels of reserve oil in the market. Not only this, they have also issued new drilling leases (excavation contracts) for oil and gas exploration.
The US has not given its fair share in the funds it has promised to release to help developing countries facing the most severe consequences of climate change. Even this can spoil the relationship during COP27.
