As Paris Climate Pact Turns Five, Leaders Urged to Make More Space for Nature

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific Island nation of Kiribati | Photo: REUTERS
Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific Island nation of Kiribati | Photo: REUTERS
TT

As Paris Climate Pact Turns Five, Leaders Urged to Make More Space for Nature

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific Island nation of Kiribati | Photo: REUTERS
Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific Island nation of Kiribati | Photo: REUTERS

Five years ago, when the Paris Agreement to tackle climate change was adopted, storing planet-warming carbon in ecosystems such as tropical forests, wetlands, and coastal mangroves was not seen as a major part of the solution.

Now officials and environmentalists say goals to limit global temperature rise cannot be met without nature's help.

Ahead of a UN "Climate Ambition Summit" to mark the fifth anniversary of the Paris accord on Saturday, held online due to the COVID-19 pandemic, they said threats to plants, wildlife, human health, and the climate should be confronted together.

"It is time for nature to have a more prominent role in climate discussions and solutions," said Brian O´Donnell, director of the Campaign for Nature, which works with scientists, indigenous people and conservation groups.

"Global leaders can no longer deal with the climate and biodiversity crises in isolation if we are to be successful in addressing either of them," he added in a statement.

It noted scientific estimates that protecting the planet's ecosystems could provide at least a third of the reductions in emissions needed by 2030 to meet the aims of the Paris pact.

Under that deal, nearly 200 countries agreed to limit the average rise in global temperatures to "well below" 2 degrees Celsius and ideally to 1.5C above preindustrial times.

But the Earth has already heated up by about 1.2C and is on track to warm by more than 3C by the end of the century, the United Nations said this week.

Understanding has accelerated in recent years about the crucial role ecosystems on land and sea play in absorbing carbon emitted by human activities - mainly from burning fossil fuels - and curbing potentially catastrophic planetary heating.

In 2019, a UN climate science report said the way the world manages land, and how food is produced and consumed, had to change to curb global warming - or food security, health, and biodiversity would be at risk.

Zac Goldsmith, Britain's minister for the international environment and climate, said nature had been "left behind" and life on the planet was being exhausted at a "terrifying speed", as forests were cut down and seas polluted.

"We are denuding the world at a rate that would have seemed impossible to humans a century ago," he told the Thomson Reuters Foundation.

"It is not possible for us to tackle climate change properly unless we also restore nature - the two are inseparable," he added in a phone interview.

SUPPLY CHAINS

As host of the next major UN climate negotiations in November 2021, in Glasgow, the British government has vowed to put protection for forests and natural systems firmly on the political agenda.

Goldsmith said the COP26 team was aiming to build a global coalition of governments and businesses committed to preventing deforestation in supply chains.

That follows a proposed new UK law requiring large companies to ensure the commodities they use - such as cocoa, rubber, soy, and palm oil - are not linked to illegal forest clearing.

Britain also will push for countries to phase out close to $700 billion in annual subsidies worldwide for land use that harms the environment and degrades carbon-storing soils, such as intensive farming, he added.

That money could be redirected into efforts to safeguard ecosystems - something sorely needed as less than 3% of international climate finance from donor governments and development banks is spent on that purpose, Goldsmith said.

Financial markets, meanwhile, have yet to recognize the value of nature or the true cost of destroying it.

"That is a massive failure," he added.

GREEN GIGATON

UN officials working on a new large-scale effort to channel payments to tropical countries and smaller jurisdictions that lock up carbon in rainforests hope to start turning that problem around by COP26.

Last month, they launched a "Green Gigaton Challenge" that aims to catalyze funding for 1 billion tonnes of high-quality emissions reductions a year by 2025 from forests in regions including the Amazon and Congo Basin.

Doing so would cut emissions by the equivalent of taking 80% of cars off American roads, according to the United Nations Environment Programme (UNEP).

Tim Christophersen, head of nature for climate at UNEP, said the initiative was spurred by surging business interest in forest protection as a growing number of large firms commit to cutting their emissions to net zero by mid-century or earlier.

That means companies such as Microsoft, Salesforce, and Disney need to offset emissions they cannot eliminate themselves by paying to reduce them elsewhere, through projects such as restoring degraded forests.

Under the gigaton challenge, donor governments will invest public money to put a floor under the price per tonne of carbon stored - which could be about $10-$15 - aimed at rewarding successful nature protection efforts that companies will eventually pay even more to back.

Countries including Costa Rica and Chile have shown interest in participating, but deals have yet to be brokered between forest-nation governments and the private sector.

Over the past decade, UN agencies have worked to develop the basis for a robust market in forest carbon offsets - but without firm international rules, carbon prices have not risen high enough to provide an incentive to keep trees standing.

"There is a need for countries to see some sort of reward for results" at a price that makes protecting forests financially viable, said Gabriel Labbate, UNEP's team leader for reducing emissions from deforestation and forest degradation (REDD+).

The United Nations and others are still waiting for governments to iron out differences over a system to use carbon credits to meet emissions reduction targets under the Paris pact.

Christophersen warned that companies - especially in the oil and gas industry - should not see supporting forest protection as an alternative to slashing their own emissions.

"Nature is not a substitute for emissions reductions in other areas, and in particular for getting off fossil fuels," he said.



Biden Will Step Aside in the 2024 Race. What Happens Next?

A "Kamala 2024" sign is placed outside the US Naval Observatory, home of Vice President Kamala Harris, on July 21, 2024 in Washington, DC. (Getty Images via AFP)
A "Kamala 2024" sign is placed outside the US Naval Observatory, home of Vice President Kamala Harris, on July 21, 2024 in Washington, DC. (Getty Images via AFP)
TT

Biden Will Step Aside in the 2024 Race. What Happens Next?

A "Kamala 2024" sign is placed outside the US Naval Observatory, home of Vice President Kamala Harris, on July 21, 2024 in Washington, DC. (Getty Images via AFP)
A "Kamala 2024" sign is placed outside the US Naval Observatory, home of Vice President Kamala Harris, on July 21, 2024 in Washington, DC. (Getty Images via AFP)

President Joe Biden said on Sunday he would withdraw from the 2024 presidential election race, putting the United States into uncharted territory.

Biden endorsed Vice President Kamala Harris to be the Democratic nominee.

Before Biden's decision was made, Reuters spoke to Elaine Kamarck, a senior fellow at the Brookings Institution think-tank, a Democratic National Committee member and author of the book "Primary Politics" about the presidential nominating process, who explained how the process could work. Reuters also spoke to legal experts and Democratic Party officials.

Q: WHAT HAPPENS NOW?

A: Biden has spent the last several months accruing nearly 4,000 Democratic delegates by winning primary elections in US states and territories.

Those delegates would normally vote for him to be the party's official presidential nominee at the Democratic National Convention, which is to take place Aug. 19-22, but the rules do not bind or force them to do so. Delegates can vote with their conscience, which means they could throw their vote to someone else.

By stepping aside, Biden is effectively "releasing" his delegates, potentially sparking a competition among other Democratic candidates to become the nominee.

Within hours of Biden's announcement, Harris' allies were working the phones - calling delegates and party chairs to get their backing, sources told Reuters.

Q: WHO COULD REPLACE BIDEN?

A: Several candidates could step into the fray.

Harris is at the top of the list, but she has had her own problems after a rocky start as vice president and poor polling numbers. The US Constitution dictates that the vice president becomes president if the president dies or becomes incapacitated, but it does not weigh in on an inter-party process for choosing a nominee.

California Governor Gavin Newsom, Michigan Governor Gretchen Whitmer, Kentucky Governor Andy Beshear and Illinois Governor J.B. Pritzker have all been floated as possible replacements. Up until now they have been Biden supporters working to help get him elected, and Whitmer has said she supports Harris.

Q: HOW WILL A NOMINEE BE CHOSEN?

A: There could be a free-for-all of sorts between the Democratic heavyweights vying for the job.

According to Ballotpedia, there are expected to be some 4,672 delegates in 2024, including 3,933 pledged delegates and 739 so-called superdelegates - senior party members.

In order to secure the nomination, a candidate would need to get a majority - that is, more votes than all the others combined.

That's what Harris' allies are trying to do right now - secure the pledged support of 1,969 delegates, and shut down any competition.

If no one achieves that, then there would be a "brokered convention" where the delegates act as free agents and negotiate with the party leadership. Rules would be established and there would be roll-call votes for names placed into nomination.

It could take several rounds of voting for someone to get a majority and become the nominee. The last brokered convention when Democrats failed to nominate a candidate on the first ballot was in 1952.

WHAT HAPPENS TO BIDEN'S CAMPAIGN CASH?

The Biden-Harris campaign had $91 million in the bank at the end of May, but experts on campaign finance law disagree on how readily the money could change hands.

Because Harris is also on the campaign filing documents, many experts believe the money could be transferred over to her if she is on the ticket. There is some debate about whether Biden would need to be officially nominated first as the party's candidate before a transfer could be made.