Connect with us

Hi, what are you looking for?

Latest News

King Charles says world heading for ‘dangerous uncharted territory’ at global leaders summit

King Charles III told world leaders Friday that the warning signs of the climate crisis are being ignored and that the world is heading for “dangerous uncharted territory,” with devastating consequences for lives and livelihoods.

Delivering an opening address to delegates at the World Climate Action Summit, part of the COP28 summit in Dubai, the King said he prayed “with all my heart that COP28 will be a critical turning point towards genuine transformational action.”

“Some important progress has been made but it worries me greatly that we remain so dreadfully far off track,” he said, adding, “we are taking the natural world outside balanced norms and limits and into dangerous uncharted territory.”

Referring to this year’s climate change-fueled extreme weather, including Canada’s unprecedented wildfire season, deadly flooding in Pakistan and Bangladesh and catastrophic drought in East Africa, the King told delegates that the “hope of the world” rested on decisions taken at the summit.

“We are carrying out a vast, frightening experiment of changing every ecological condition all at once as a pace that far outstrips nature’s ability to cope,” he said.

The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy.

“In 2050, our grandchildren won’t be asking what we said, they will be living with the consequences of what we did or didn’t do,” he said. “The Earth does not belong to us, we belong to the Earth,” he added.

UAE President Sheikh Mohammed bin Zayed Al Nahyan, who has already spoken at the ceremony, announced a $30 billion green investment fund, “designed to bridge the climate finance gap.”

Developing nations have long pushed the rich world to channel more financing to the global south to help it make the green transition. He spoke in Dubai, where the UAE is hosting the talks.

After a year of record global temperatures, fueling deadly extreme weather, the pressure is high at COP28 for leaders to make ambitious progress on tackling the climate crisis. But countries still remain divided about the role fossil fuels, the main driver of climate change, will play in the future.

GET OUR FREE ROYAL NEWSLETTER

COP28, which opened Thursday, started with a significant development as countries formally adopted a damage fund, decades in the making, to help nations hit hardest by the climate crisis.

Among countries making immediate commitments were the United Arab Emirates and Germany, both of which pledged $100 million, and the UK, which announced £60million, part of which will be used for “other arrangements,” according to the news release. The US announced a commitment of $17.5 million, which some experts and advocacy groups said was “embarrassing.”

World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva, UK Prime Minister Rishi Sunak and Prime Minister of Barbados Mia Mottley are due to address delegates later.

This post appeared first on cnn.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Kim Jong Un attended a “paramilitary parade” with his daughter to mark the 75th anniversary of North Korea’s founding on Saturday, the country’s state...

    Stock

    Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will...

    Economy

    A U.S. District Court judge Thursday blocked implementation of a new Idaho law that would prevent transgender students from using restrooms, locker rooms and...

    Stock

    The Consumer Price Index hit 3.2% in July, compared with 3% in June, the Bureau of Labor Statistics reported Thursday. Once again, food prices...

    Disclaimer: aimyourdeals.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 aimyourdeals.com