COP27: Biden Says Climate Crisis Is about ‘Very Life of the Planet’

President Joe Biden speaks at the COP27 UN Climate Summit, Friday, Nov. 11, 2022, at Sharm el-Sheikh, Egypt. (AP)
President Joe Biden speaks at the COP27 UN Climate Summit, Friday, Nov. 11, 2022, at Sharm el-Sheikh, Egypt. (AP)
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COP27: Biden Says Climate Crisis Is about ‘Very Life of the Planet’

President Joe Biden speaks at the COP27 UN Climate Summit, Friday, Nov. 11, 2022, at Sharm el-Sheikh, Egypt. (AP)
President Joe Biden speaks at the COP27 UN Climate Summit, Friday, Nov. 11, 2022, at Sharm el-Sheikh, Egypt. (AP)

US President Joe Biden addressed the COP27 climate conference in Egypt on Friday, saying the global climate crisis posed an existential threat to the planet and promising that the United States was doing its part to combat it.

"The climate crisis is about human security, economic security, environmental security, national security, and the very life of the planet," Biden said, before outlining steps the United States, the world’s second-biggest greenhouse gas emitter, was taking.

"I can stand here as president of the United States of America and say with confidence, the United States of America will meet our emissions targets by 2030," he said

His speech was intended to remind government representatives gathered in Sharm el-Sheikh to keep alive a goal of keeping the global average temperature rise within 1.5 degrees Celsius to avert the worst impacts of planetary warming. It came even as a slew of crises - from a land war in Europe to rampant inflation - distract international focus.

"Against this backdrop, it's more urgent than ever that we double down on our climate commitments. Russia's war only enhances the urgency of the need to transition the world off its dependence on fossil fuels," he said.

Prior to his arrival, Biden’s administration sought to set the stage by unveiling a domestic plan to crack down hard on the US oil and gas industry’s emissions of methane, one of the most powerful greenhouse gases, in a move that defied months of lobbying by drillers.

Washington and the EU were also planning to issue a joint declaration on Friday pledging more action on oil industry methane, building on an international deal launched last year and since signed by 119 nations to cut economy-wide emissions 30% this decade.

Skepticism

The announcements come under a cloud of skepticism that world governments are doing enough to address warming.

A United Nations report released last week showed global emissions on track to rise 10.6% by 2030 compared with 2010 levels, even as devastating storms, droughts, wildfires and floods are already inflict billions of dollars in damage worldwide.

Scientists say emissions must instead drop 43% by that time to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial temperatures as targeted by the Paris Agreement of 2015 — the threshold above which climate change risks start spinning out of control.

Many countries, including the United States and members of the European Union, are also calling for increased supply of fossil fuels in the near-term to help bring down consumer energy prices that have spiked since Russia’s war on Ukraine.



Iran Oil Minister Visits Key Oil Terminal amid Israel Strike Fears

Iranian Oil Minister Mohsen Paknejad (L) welcomes Russian Prime Minister Mikhail Mishustin (R) upon his arrival at the Mehrabad International Airport in Tehran, Iran, 30 September 2024. EPA/DMITRY ASTAKHOV
Iranian Oil Minister Mohsen Paknejad (L) welcomes Russian Prime Minister Mikhail Mishustin (R) upon his arrival at the Mehrabad International Airport in Tehran, Iran, 30 September 2024. EPA/DMITRY ASTAKHOV
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Iran Oil Minister Visits Key Oil Terminal amid Israel Strike Fears

Iranian Oil Minister Mohsen Paknejad (L) welcomes Russian Prime Minister Mikhail Mishustin (R) upon his arrival at the Mehrabad International Airport in Tehran, Iran, 30 September 2024. EPA/DMITRY ASTAKHOV
Iranian Oil Minister Mohsen Paknejad (L) welcomes Russian Prime Minister Mikhail Mishustin (R) upon his arrival at the Mehrabad International Airport in Tehran, Iran, 30 September 2024. EPA/DMITRY ASTAKHOV

Iran's Oil Minister Mohsen Paknejad landed on Kharg island, the oil ministry's news website Shana reported on Sunday, amid concerns that Israel could target Iran's largest oil terminal there.
An Israeli military spokesman said on Saturday that Israel would retaliate, following last week's missile attack by Tehran, "when the time is right."

Following Iran's attack, Axios cited Israeli officials as saying that Iran's oil facilities could be hit in response. US President Joe Biden said on Friday that he did not think Israel had yet concluded how to respond.

"Paknejad arrived this morning in order to visit the oil facilities and meet operational staff located on Kharg island," Shana reported, adding that the oil terminal there has the capacity to store 23 million barrels of crude.

China, which does not recognize US sanctions, is Tehran's main client and according to analysts imported 1.2 to 1.4 million barrels per day from Iran in the first half of 2024.