John Kerry and his Russian counterpart, Ruslan Edelgeriyev, issued the joint statement after Mr Kerry's trip to Russia. AFP
John Kerry and his Russian counterpart, Ruslan Edelgeriyev, issued the joint statement after Mr Kerry's trip to Russia. AFP
John Kerry and his Russian counterpart, Ruslan Edelgeriyev, issued the joint statement after Mr Kerry's trip to Russia. AFP
John Kerry and his Russian counterpart, Ruslan Edelgeriyev, issued the joint statement after Mr Kerry's trip to Russia. AFP

US and Russia co-ordinate before UN climate conference


Bryant Harris
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US climate envoy John Kerry and his Russian counterpart, Ruslan Edelgeriyev, on Thursday agreed to coordinate on scaling back carbon emissions before the UN climate conference in the UK in November.

Following Mr Kerry’s trip to Russia, the two climate envoys issued a joint statement noting that they both “recognise the need to address the increasing climate challenge with seriousness and urgency”.

The joint statement provided no details on specific commitments from either side but represented the latest salvo in US President Joe Biden’s bid to secure robust commitments to reduce carbon emissions from US allies and adversaries alike before the Cop26 climate summit in Glasgow.

“They are committed to the robust implementation of the Paris Agreement and its temperature goals, including through significant efforts in this decade and the global pursuit of net-zero emissions, recognising the importance of enhancing carbon sequestration by forests and other ecosystems,” the joint statement noted.

“They will work together and with others to actively promote a successful Cop26 in Glasgow, UK, and a G20 that contributes to such success. In addition, they will co-operate on climate-related issues in the Arctic.”

Mr Biden re-entered the 2016 Paris climate accords, which former president Donald Trump withdrew from, shortly after taking office this year. He also convened a virtual climate summit at the White House in April with 40 world leaders where he vowed that the US would cut carbon emissions by at least 50 per cent by 2030.

However, the White House has provided few specifics on how it will reach that goal, particularly with much of Mr Biden’s legislative proposals to boost the green energy sector tied up in Congress amid Republican opposition.

Mr Kerry has said the Biden administration believes it can meet the president’s ambitious target by executive order and through collaboration with the private sector.

In the joint statement, Mr Kerry and Mr Edelgeriyev said that the US and Russia “also intend to work together bilaterally on a range of climate-related issues".

“Topics will include, among others, satellite monitoring of emissions and removals of greenhouse gases; forests and agriculture‎; climate and the Arctic, including black carbon; reducing emissions from non-CO2 gases, including methane; enhanced nationally determined contributions and long-term strategies under the Paris Agreement; energy efficiency; climate finance; nature-based solutions; and implementation of joint climate projects.”

Oppenheimer
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Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

Updated: July 15, 2021, 5:52 PM