SHARM EL-SHEIKH, Egypt: US President Joe Biden and Chinese leader Xi Jinping agreed on Monday to resume cooperation on climate change and other issues, offering a boost to bogged down and behind schedule negotiations at the COP27 climate summit in Egyptmet at the G20 summit on the Indonesian island of Bali
News of the rapprochement came just as COP27 climate negotiators at the Red Sea resort of Sharm el-Sheikh were looking for a sign that G20 nations were willing to stump up more cash and fresh commitments in the fight against rising global temperatures. “This unequivocal signal from the two largest economies to work together to address the climate crisis is more than welcome; it’s essential," Bapna said.Heading into the last week of the two-week conference progress has been slow, frustrating negotiators who are struggling to find consensus on how rich countries should help developing nations meet the cost of climate-fuelled disasters.
Progress from the G20 group of the world's wealthiest economies - and also its largest emissions producers - could come in the form of both cash and political signalling.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UN probes allegations of Egypt 'surveillance' at COP27Egypt has come under fire during the summit over its human rights record. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
COP27: Food production system needs to change to be more climate resilient, says Grace FuSINGAPORE: The food production system needs to change to be more climate resilient, with climate change continuing to threaten the access to food for many globally, said Minister for Sustainability and the Environment Grace Fu on Sunday (Nov 12). Speaking during a joint food resilience event at the Yall know whats predictably coming folks, according to WEF’s agenda2030 & “Great Reset”.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Xi-Biden meeting viewed with, at best, cautious optimismMr Xi and Mr Biden are meeting on Monday at the Group of 20 summit in Bali, Indonesia. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Stable geopolitical environment needed; Xi-Biden meeting would set the tone: PM LeeMonday's Xi-Biden meeting can set the tone for geopolitical stability in the region, the Prime Minister said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Biden says US won’t veer into conflict with China, as first summit ends in AsiaHe says while Washington will compete with Beijing for influence in the region, it eschews a path leading to conflicts. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
When Biden meets Xi: Taiwan, Russia's war in Ukraine, North Korea to top agendaUS President Joe Biden will meet Chinese leader Xi Jinping in person on Monday (Nov 14) for the first time since taking office, with US concerns over Taiwan, Russia's war in Ukraine and North Korea's nuclear ambitions on top of his agenda. The long-awaited in-person meeting comes as relations between the s
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »