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    The US is back in the Paris Agreement. What’s next? | John Kerry and Al Gore

    en-usFebruary 19, 2021

    Podcast Summary

    • US Rejoins Paris Climate AgreementThe US has re-entered the Paris Climate Agreement, marking a significant step towards global emissions reduction and climate change mitigation. Al Gore and John Kerry discuss the importance of this moment and the challenges ahead.

      The Paris Climate Agreement, a landmark international accord aimed at reducing global greenhouse gas emissions and mitigating climate change, has been reinstated by the United States under the Biden administration. Former Vice President Al Gore and US Special Presidential Envoy for Climate John Kerry, both instrumental figures in the agreement's inception, discuss the importance of this moment and the challenges ahead in reducing emissions and addressing the climate crisis. Additionally, listeners are encouraged to explore the Climate 1 podcast for in-depth conversations on climate change solutions and impacts. Businesses looking to streamline their operations can utilize tools like Canva for presentations and Slack for communication and automation.

    • Limiting global temperature rise requires more ambitious emissions reduction from major emittersThe Paris Agreement's goals of limiting global temperature rise can't be met with current commitments. Major emitters like the US, China, EU, and India need to increase their ambition and reduce emissions more rapidly.

      The Paris Agreement's goals of limiting global temperature rise to below 2 degrees Celsius or 1.5 degrees Celsius aren't achievable with current commitments alone. The US, as the world's 15% largest emitter, and other major emitters like China, the EU, and India, need to significantly increase their ambition and reduce greenhouse gas emissions more rapidly. The upcoming Glasgow meeting is crucial as it presents an opportunity to define the next decade, which could make or break our ability to reach a net 0 carbon economy by 2050. Achieving this goal requires an "all of the above" approach to renewable energy, pushing the curve of discovery, and phasing down coal usage. The US rejoining the Paris Agreement is a significant step, but it's just the beginning, and collective global action is essential.

    • U.S. to Rejoin Climate Talks with Humility and Focus on CollaborationThe U.S., under John Kerry's leadership, plans to regain credibility by making a strong commitment, collaborating with countries, and bringing an unprecedented finance plan to the table at the UN Climate Change Conference in Glasgow.

      The United States, under the leadership of Climate Envoy John Kerry, plans to rejoin the international climate conversation with humility and a focus on collaboration. Kerry emphasized the importance of listening to other countries and working closely with them, especially those that have continued to make progress in the absence of the U.S. During the last 4 years. The U.S. intends to regain credibility by announcing a strong national determined contribution and hosting a summit in April to bring together major emitting nations and previously marginalized stakeholders. The ultimate goal is to build momentum towards the UN Climate Change Conference in Glasgow, where nations will raise ambition, define how to get there, and agree on a global finance plan. The U.S. is also working with private sector entities to bring an unprecedented finance plan to the table. The Paris Agreement hiatus was painful, but the U.S. can still contribute to the global effort and earn back trust.

    • Biden administration's efforts to restore international confidence in US climate change commitmentThe Biden administration is taking an 'all of government' approach to address climate change, working with multiple departments and reaching out to international partners to build energy and momentum towards global climate goals, with a focus on passing legislation and implementing a strong NDC at COP26.

      The Biden administration is making significant strides in restoring international confidence in America's commitment to addressing climate change through a combination of executive actions and legislative efforts. This includes an "all of government" approach, with departments like Energy, Homeland Security, Defense, and Treasury working together to mobilize resources and break free queued projects. Honesty and follow-through are key, as the world will only be convinced by tangible actions. The administration is also reaching out to international partners to build energy and momentum towards global climate goals, with a focus on passing legislation and implementing a strong NDC (Nationally Determined Contribution) at the upcoming COP26 conference in Glasgow. The success of this conference may be the world's last best chance to make meaningful progress on climate change, making it a top priority for all involved.

    • International cooperation crucial for net-zero emissions by 2050Countries and private sector must cooperate to accelerate emission reductions, invest in innovative tech, and standardize disclosure requirements for climate-risk investments.

      International cooperation among the 17 leading emission-producing nations is crucial to commit to reaching net-zero emissions by 2050 and keeping the 1.5-degree goal alive. The urgency lies in the need to accelerate emission reductions and invest in innovative technologies. Finance plays a significant role, with wealthy countries pledging assistance to less wealthy ones to help them cut emissions and cope with climate crisis impacts. This cooperation is essential as no single government can shoulder the financial burden alone. The private sector, driven by venture capital investments, is expected to lead the way in creating new technologies and driving change. Standardizing disclosure requirements and harmonizing investment judgments could help leverage a uniform approach to climate-risk investments.

    • Investing in clean energy and collaboration are key to fighting climate changeThe US needs to invest in clean energy and collaborate with institutions and countries to address climate change while prioritizing environmental justice.

      The fight against climate change requires significant investment and collaboration from all sectors, including the private sector. The US, which spent $265 billion to clean up after three storms, needs to prioritize investing in the clean energy sector and leverage finance from institutions like the IMF, World Bank, and the US Finance Development Corporation. Environmental justice must also be a priority, ensuring that communities are not left behind in the transition to a new energy economy. Additionally, developed countries like the US can learn from lower-income nations that are already tackling climate change and facing its most significant impacts. Collaboration between the US and China, the two biggest emitters and economies, is crucial to successfully addressing the climate crisis. The US and China have worked together before, and it's essential to continue this partnership to find common ground and make meaningful progress towards a sustainable future.

    • The Role of Private Sector in China's Green TransitionChina's green transition relies on private sector investments, with big corporations and smaller businesses driving the shift towards sustainability for profit and societal change.

      The cooperation of China is crucial in addressing climate change, but the private sector, particularly big corporations and smaller businesses, will play a significant role in driving the green transition forward with their investments. The opportunity for profit in sustainable industries is vast, and many CEOs are increasingly recognizing this potential. Youth movements like Fridays for Future have also had a huge impact by holding adults accountable and channeling youthful idealism and energy towards the cause. These movements have historically driven societal change, and their influence continues to demand attention.

    • Young activists leading the charge for climate justiceYoung activists are pushing for climate action and social justice, but transitioning to a green economy can be challenging. It's essential to create new jobs and maintain trust for a successful transition.

      Young activists, like Greta Thunberg, have been instrumental in bringing attention to critical issues like climate crisis and environmental justice. These movements are not only morally right but essential for creating a fair and equal society. However, transitioning to a green economy can be a challenge, as some fear job loss. It's crucial to approach this transition in a way that uplifts everyone, ensuring that new jobs are created to replace those that may be lost. The importance of addressing climate change and restoring fairness to our economies and societies is a significant task for our generation. Ultimately, it's about ensuring that governments maintain the trust of their people by acting on their promises of equal opportunity and fairness.

    • Transitioning away from old industries and ensuring worker supportPresident Biden and labor leaders are committed to helping workers find new jobs during industry transitions and investing in new industries and infrastructure to create jobs and lower energy prices.

      As we transition away from industries like coal, it's crucial not to abandon the workers and communities affected by these changes. President Biden and labor leaders like Richie Trumka are committed to ensuring a smooth transition by implementing mechanisms to help workers find new jobs in their communities. However, this will require effort and implementation, not just words. Additionally, as we recover from the COVID-19 pandemic, we must avoid returning to old, unsustainable habits. This can be achieved by investing in new industries and infrastructure, such as electric vehicles and renewable energy, which will create new jobs and lower energy prices. For example, building transmission lines and implementing negative emissions technology can create jobs and help combat climate change. Overall, it's essential to prioritize the well-being of workers and communities as we move towards a more sustainable future.

    • Speaker and Kerry's commitment to work togetherThe speaker and John Kerry expressed their shared dedication to restoring the US's global leadership role and looked forward to collaborating again to make a positive impact on the world.

      The shared commitment between the speaker and John Kerry to work together to restore the United States' role as a global leader. The speaker expressed gratitude for Kerry's leadership and dedication to this cause, and looked forward to collaborating with him again. Kerry, in turn, thanked the speaker for their support and expressed his excitement to work together with a team to accomplish their goals. Both individuals emphasized the importance of bringing the world together and the need for collective effort to make a positive impact. The conversation concluded with well-wishes and optimism for the future of their collaboration.

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    Copyright ©2023 by S&P Global

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