U.K.’s Johnson Calls COP26 Climate Agreement ‘Game Changing’
(Bloomberg) -- The agreement reached Saturday at global climate talks in Glasgow will be pivotal in the fight to stop global warming, U.K. Prime Minister Boris Johnson said.
The conference hosted by the U.K. produced a “game-changing agreement that the world needed to see,” Johnson said at a press conference in London on Sunday.
Negotiators from almost 200 countries clinched a deal that broke new ground in the fight against climate change, but punted the hardest decisions into the future.
Read More: COP26 Seals Breakthrough Climate Deal After Major Compromises
While the U.K. leader said he was “immensely proud” of what had been achieved, he acknowledged that his joy was “tinged with disappointment” over successful efforts by some of the world's largest emitters of greenhouse gases to water down the language in the agreement.
“We can lobby, we can cajole, we can encourage, but we cannot force sovereign nations to do what they do not wish to do,” Johnson said.
Language that called for the phase-out of coal was changed at the last minute to call for the phase-down of the fuel.
Still, that language would lead to the elimination of coal use, Johnson predicted.
Read More: COP Scorecard: What Did Two Weeks of Talks Actually Achieve?
“It's beyond question that Glasgow has sounded the death knell for coal power,” he said.
“Whether the language is phase down or phase out doesn't seem to me, as a speaker of English, to make that much of a difference –- the direction of travel is pretty much the same,” Johnson said.
©2021 Bloomberg L.P.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.