Washington Watch: Biden addresses COP27 on firmer climate footing, but world wants U.S. leadership on pollution

by | Nov 11, 2022 | Stock Market

President Joe Biden addressed the U.N. climate summit Friday with his party surviving a midterm election “red wave” by Republicans — and in the process protecting at least the bulk of the landmark climate-change spending law signed this year. Biden addressed the U.N.’s Conference of the Parties (COP27) climate summit in Egypt on his way to the Group of 20 meetings and a planned sitdown with China’s Xi Jinping.

Biden arrived in Egypt having signed a few months ago the largest U.S. investment in fighting climate change ever, by way of the Inflation Reduction Act (IRA). That puts him on stronger footing on the global stage even from last year’s COP26 gathering in Scotland, when American commitments to carbon reduction weren’t backed by law. In all, four themes color Biden’s trip: Russia’s war in Ukraine, escalating trade and security tensions with China, the potential for a global recession in the coming months, and the existential problem of climate change. “The climate crisis is about human security, economic security, environmental security, national security, and the very life of the planet,” Biden said, addressing the summit. Biden apologized to the group for the U.S. pulling out of the Paris Climate Accord — and its 1.5 degrees Celsius global-warming limit — which the country did briefly under President Trump. And Biden said the U.S.’s commitment to the global effort, struck in Paris in 2015 and reaffirmed each year, is apparent in the climate-heavy IRA. That remark earned speech-pausing applause from the crowd. Biden highlighted a proposal requiring large federal contractors to develop carbon-reduction targets and disclose their greenhouse gas emissions, which the administration believes can leverage the federal government’s purchasing po …

Article Attribution | Read More at Article Source

Share This