United Kingdom

Prime Minister’s Speech to Major Economic Forums on Energy and Climate: September 17, 2021

Prime Minister Boris Johnson addressed a major economic forum on energy and climate convened by US President Joe Biden this afternoon.

In the weeks leading up to COP26, the major climate summit in Glasgow, ahead of next week’s UN General Assembly, the Prime Minister has called on world leaders, especially the G20, to make an ambitious commitment to guide the planet on the right path to the net. rice field. Keep it to zero and stay within the intended range of limiting planetary warming to 1.5 ° C. This includes efforts to end coal-fired power generation, move to electric vehicles, stop deforestation, and provide climate funding to developing countries. This requires greater ambition and international cooperation to accelerate innovation and deployment.

During the meeting, the Prime Minister also announced that Britain would be one of the first signatories to the Global Methane Pledge. This is a US-EU initiative to reduce global methane emissions by 30% by 2030 compared to levels in the 2020s. It will be officially launched at COP26 in Glasgow.

The UK has a proven track record of reducing emissions from methane, one of the major greenhouse gases that warm the planet, reducing methane emissions across the waste, energy and agriculture industries by about 60% over the last three decades. It has been.

This shows that the new OECD data released today is $ 20 billion short of achieving the commitment of developed countries to mobilize $ 100 billion in international climate funding for developing countries. And a new report from the UNFCCC released today reveals that all countries must move forward. A new ambitious 2030 goal – a nationally determined contribution – if the world stops increasing emissions.

Thanks to John, Secretary-General Kerry, and Secretary-General António Guterres. We thank President Biden for his leadership and convene all of us today in just over 1,000 hours. We welcome you to COP26 in Glasgow. Summit.

And, as I’ve just heard from Prime Minister Sheikh Hasina, this is the most important time I’m thinking about in Earth’s history.

The COP simply has to succeed.

And that’s when, as we’ve heard from Antonio, people come to Glasgow and bring a commitment to keep the 1.5c increase within reach and reach Net Zero sooner rather than later. It only happens to. And hopefully by the middle of the century. We also need cash to help developing countries do the same.

So President Biden makes a very good point when talking about what we should do with methane.

And I am very pleased that the UK will be one of the first to sign the Methane Pledge.

Because it is a microcosm of the challenges we face.

The International Energy Agency believes that the world already has the know-how and technology to avoid three-quarters of the current methane emissions produced by the oil and gas industry, CH4.

Over the last three decades, the UK has reduced methane emissions by as much as 60%.

And there is a good commercial use of methane, you can use it to make cloth, you can use it to make antifreeze.

So, if we want, the world can reduce this powerful greenhouse gas emission tomorrow.

The problem, however, is that the G20 currently lacks both the ambitions needed to do so and the funding needed to follow suit in developing countries.

In a nutshell, we are faced with all of the climate challenges.

We know what happens if we fail to reach net zero. You heard Joe explain the results we are already seeing on our planet today.

We know how to fix it and we know how to get there. And we are continually creating more innovative ways to do that.

From the largest carbon recovery facility in Iceland this week to California scientists who feed seaweed to cattle to reduce methane belching, it’s clearly cattle, not scientists.

And now we need the ambition and dedication we need to put it all together.

Therefore, over the next 1,000 hours from now to everyone coming to COP26, we can come to Glasgow with an ambitious NDC (nationally determined contribution) and a solid commitment to coal, automobiles and trees. You need to do the work to do so.

And, as Joe just said, we need to be serious about filling the $ 100 billion pot that developing countries need to do that bit.

As Sheikh Hasina points out, developing countries are at the forefront of climate change, so they are not lacking in will, lacking technology, and simply lacking resources to make a difference. increase.

We at the G20 are blessed with both.

Now let’s show the leadership that the world needs, fulfill our obligations by those who are less fortunate than us, and use this 1,000 hours to set up a course that protects our planet and protects humanity.

Prime Minister’s Speech to Major Economic Forums on Energy and Climate: September 17, 2021

SourcePrime Minister’s Speech to Major Economic Forums on Energy and Climate: September 17, 2021

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