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<keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">Climate change</keyword> is a prominent concern before the world today and <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> is working towards achieving committed <keyword id="20158303" type="General" weightage="20" keywordseo="reduction" source="keywords">reduction</keyword> in emissions and building climate-resilient infrastructure, External Affairs Minister S <keyword id="19920247" type="General" weightage="20" keywordseo="Jaishankar" source="keywords">Jaishankar</keyword> said on Thursday. Jaishankar was delivering Prime Minister Narendra Modi's remarks at the Shanghai Cooperation Organisation (SCO) Summit here in the Kazakh capital. "Delivered India's statement at the Summit of SCO Council of Heads of States on behalf of PM Shri @narendramodi ji. Thank the leaders present for conveying their best wishes to Prime Minister @narendramodi on his re-election for a third successive term," Jaishankar posted on X along with photos. "We are working towards achieving a committed reduction in emissions, including transition to alternate fuels, adoption of electric vehicles, and building climate-resilient infrastructure," he said. "In this context, during India's SCO presidency, a Joint Statement on emerging fuels, and a Concept Paper on de-carbonization in the transportation sector were approved," Jaishankar added. During last year's annual climate conference, Prime Minister Modi said India has already declared to achieve Net Zero by 2070. It plans to reduce emissions intensity by 45 per cent by 2030 and increase the share of non-fossil fuel to 50 per cent. The remarks also pointed out how economic development requires robust connectivity. "That can also pave the way for cooperation and trust between our societies," Jaishankar said. "Respect for sovereignty and territorial integrity is essential for connectivity and infrastructure projects. So too are non-discriminatory trade rights and transit regimes," he said, and asserted: "The SCO needs to deliberate seriously on these aspects." Jaishankar also reminded the audience that the SCO needs to make "technology creative" and apply it to the welfare and progress of societies. "India is among the countries to formulate a National Strategy on Artificial Intelligence and the launch of an AI Mission. Our commitment to 'AI for All' is also reflected in working within the SCO framework on a Roadmap on AI cooperation," he added. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank">Virat Kohli not included in the Rohit Sharma-led ICC Team of the Tournament</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank">Upcoming cars launching in India in July 2024</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a>

Climate change a prominent concern, India working towards committed reduction: Jaishankar

<ul class="summary-list"><li>President-elect Donald Trump has questioned the reality of the climate crisis.</li><li>He's expected to withdraw the US from the Paris Agreement, which he also did in his first term.</li></ul>President-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs.Many expect him to withdraw the US from the Paris Agreement to limit emissions upon taking power in January, as he did in his first term.But his hostility to green policies conflicts with another of his priorities — challenging the rise of China."A second US withdrawal from the Paris Agreement would present a significant opportunity for China to expand its leadership role in multilateral climate issues," Herbert Crowther, an analyst with the Eurasia Group in New York told Business Insider.Trump's victory is overshadowing this week's UN climate summit in Baku, Azerbaijan, where pledges from Biden administration officials are tempered by the fact they won't be around for long.And China is already positioning itself to fill the power vacuum and build its global influence."In the week since the election, we're already seeing China try to claim the mantle of global climate leadership and portray itself as the more "responsible" actor in this space," Lily McElwee, fellow in the Freeman Chair in China Studies at the Center for Strategic and International Studies in Washington, DC, told Business Insider."Beijing is out in force at COP29 calling for the United States under Trump to engage in 'constructive dialogue' and highlighting China's contributions to decarbonization through major investments in electric vehicles and other greentech industries."<div type="image" title="Chinese solar power station" height="576" width="1024" msid="115335201" hostid="261" sizebytes="137800"></div><h2 id="f89b9ca3-aa4a-4bb2-a5bf-27324f610f4d">The green tech superpower</h2>China has a curious position as both the world's largest polluter, and a powerhouse of green technology.It tops the <a target="_blank" class="" href="https://interactive.carbonbrief.org/the-carbon-brief-profile-china/index.html#">rankings for greenhouse emissions</a>, which helped power its huge economic growth in recent decades. In 2020, President Xi Jinping pledged that China would become <a target="_blank" class="" href="https://chinaeucn.com/carbon-neutrality-china/#:~:text=In%20September%202020%2C%20president%20Xi,carbon%20neutrality%20to%20the%20world.">carbon neutral by 2060,</a> and it's on track this year to record its first drop in greenhouse <a target="_blank" class="" href="https://www.businessinsider.com/china-meeting-us-climate-solar-panels-coal-power-energy-security-2024-5">emissions since 2016.</a>At the same time, China has pushed harder to produce its own green technology — and sell it to the rest of the world.It is the world's largest producer of electric vehicles and solar panels, and the percentage of its energy coming from renewable sources <a target="_blank" class="" href="https://www.iea.org/reports/renewables-2023/executive-summary#">is rapidly growing.</a>That work brings practical and economic benefits. Analysts also point to other motives for Beijing's green push: influence and power."Where the Trump administration sees renewable energy as a threat to jobs, China is leveraging clean energy as part of a long-term strategic gambit," wrote <a target="_blank" class="" href="https://www.brookings.edu/articles/chinas-belt-and-road-initiative-is-poised-to-transform-the-clean-energy-industry/">Daniel Araya of the Brookings Institute in Washington, DC, in 2018.</a>China, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms."Green tech plays a critical role in Xi's economic vision. While China has spent a decade trying to catch up to the United States and other advanced economies in existing tech (like semiconductors), it is increasingly focused on securing leadership in emerging industries like cleantech," said McElwee.The strategy is paying off, with global demand for renewable energy production technologies predicted to surge, and China set to account for 60% of installed global renewable energy capacity by 2030, according to an <a target="_blank" class="" href="https://www.iea.org/news/massive-global-growth-of-renewables-to-2030-is-set-to-match-entire-power-capacity-of-major-economies-today-moving-world-closer-to-tripling-goal">October report by the International Energy Agency.</a>The US lags China as a clean tech economic power.Trump has been explicit about his plans to repeal and otherwise roll back climate policies from the Biden administration.That included <a target="_blank" class="" href="https://www.politico.com/news/2024/09/05/trump-inflation-reduction-act-00177493">a pledge</a> just before the election to "rescind all unspent funds" from President Joe Biden's Inflation Reduction Act, which provided billions in funding for clean tech.<h2 id="d064aeb1-2497-4d9c-b893-7e2c1b98241d">Will China step up? </h2>There are also doubts over how much China is willing to take an international leadership role on climate issues.It's been wary of international agreements to tackle climate change in the past, and last year was accused by European officials of <a target="_blank" class="" href="https://www.reuters.com/business/environment/china-denies-reports-it-obstructed-g20-climate-discussions-2023-08-02/#:~:text=China%20denies%20reports%20it%20obstructed%20G20%20climate%20discussions%20%7C%20Reuters">obstructing G20 efforts </a>to tackle the climate crisis, Reuters reported. Assuming a leadership role would likely require China to send money to other countries, said Crowther. "The key question for officials in Beijing will now turn to whether China wants to deepen its financial commitments to helping other countries—particularly emerging markets—accelerate their own energy transitions," he said.Crowther said the run up to next year's COP30 summit in Brazil would provide clues of China's intentions. Ultimately, Xi may be more interested in cementing China's economic advantages than in concrete diplomatic pledges. "Although Beijing will try to boost its image as a global leader on climate change, I don't know how much substance will follow," said McElwee.

Trump called the climate crisis a scam. It could prove a gift to China.

<ul class="summary-list"><li>UAE's state-owned oil company brokered deals to boost fossil fuels at home and overseas in 2023.</li><li>The deals included supplying gas to China and expanding into Egypt and Azerbaijan.</li></ul>Last year, while the United Arab Emirates oversaw a historic agreement to fight the climate crisis, it was brokering deals for oil and gas that could bring the country tens of billions of dollars and boost fossil-fuel production globally.An <a target="_blank" href="https://www.globalwitness.org/en/campaigns/fossil-gas/i-hope-the-younger-generations-can-forgive-us-state-oil-company-pushed-100-billion-of-deals-in-uaes-year-as-cop28-host/">analysis by the climate watchdog Global Witness</a> found that the UAE's state-owned oil company, known as ADNOC, closed more than a dozen deals to expand its oil and gas footprint at home and overseas.Among the transactions were ADNOC's first contract to supply gas to China; a joint venture with the oil giant BP in Egypt; and a stake in Azerbaijan's gas field in the Caspian Sea. ADNOC also bought a Dutch fertilizer company and acquired a stake in an Austrian plastics maker, both of which rely on fossil fuels for their products.In November, during the UN climate summit in Dubai, <a target="_blank" href="https://www.businessinsider.com/cop28-host-uae-broker-secret-oil-deals-climate-summit-bbc-2023-11">the BBC and the Center for Climate Reporting</a> reported that UAE planning documents showed that oil, gas, petrochemical, and renewable-energy projects were among the talking points for meetings with countries in the lead-up to the climate summit, COP28. The summit was led by ADNOC's chief executive, Sultan Al Jaber.Global Witness found that ADNOC either pursued or closed fossil-fuel deals with firms in 11 of the 16 countries targeted in the UAE planning documents. These included deals to sell liquefied natural gas to Chinese-owned firms and to expand oil and gas businesses in Egypt and Azerbaijan — two countries that open up the UAE's access to Europe as it seeks non-Russian gas. Global Witness estimated that the overall value of the deals it analyzed was nearly $100 billion, though some haven't been finalized."Make no mistake, COP28 was hijacked by the interests of the fossil fuel industry, who weren't content simply to block or stall genuine climate policy but used the opportunity to pursue more climate-wrecking oil and gas deals," Patrick Galey, a senior investigator at Global Witness, said in a statement.ADNOC did not return a request for comment from Business Insider, but Global Witness presented its findings to the oil giant. A spokesperson told Global Witness that the allegation that ADNOC used COP28 to pursue business deals was "completely baseless and false."The spokesperson argued that COP28 "delivered the biggest climate breakthroughs" since the Paris Agreement in 2015, when world leaders agreed to try to limit global warming to 1.5 degrees Celsius above preindustrial levels.<h2 id="ab608433-ab72-4ca8-86e5-40fa507c2070">A historic deal in Dubai</h2>A <a target="_blank" href="https://www.ipcc.ch/report/sixth-assessment-report-cycle/">panel of hundreds of climate scientists</a> convened by the UN has said that temperature threshold is likely to be crossed within the next decade, pushing the planet toward a catastrophe, unless countries rapidly stop burning fossil fuels. They've said emissions from existing oil, gas, and coal infrastructure are on track to exceed the Paris Agreement goal.So far, the planet has warmed by about 1.1 degrees Celsius, and <a target="_blank" href="https://www.businessinsider.com/what-climate-change-crisis-extreme-weather-is-costing-you-2023-9">deadly heat waves, wildfires, flooding</a>, and <a target="_blank" href="https://www.businessinsider.com/global-food-crisis-higher-prices-shortages-civil-unrest-2022-8">drought-caused famine</a> are on the rise.At COP28 in Dubai, countries for the first time called for a transition away from fossil fuels this decade and for the tripling of renewable energy by 2030. In a side agreement brokered by the UAE, oil and gas companies accounting for 40% of global production <a target="_blank" href="https://www.businessinsider.com/cop28-un-climate-conference-oil-and-gas-methane-emissions-satellites-2023-12">promised to nearly eliminate their methane emissions</a> by 2030.But the Dubai deal left the door open to more fossil-fuel production by promoting technology such as carbon capture, which is still in the early stages of development. The deal also said "transitional fuels" could play a role in reducing emissions — a nod to gas, which is less polluting than coal but a major emitter of methane.<a target="_blank" href="https://climateactiontracker.org/countries/uae/">Climate scientists have found</a> that while the UAE is investing in renewable energy, carbon capture, and other low-carbon technologies, that activity is dwarfed by the country's fossil-fuel expansion. The UAE, the seventh-largest oil producer, is investing $150 billion to boost its own oil and gas production through 2027. Global Witness' investigation also sheds light on how the country is securing new markets overseas.Galey said he was concerned that another petrostate, Azerbaijan, which is hosting this year's UN climate summit, could follow the UAE's lead. COP29 is set to be led by Azerbaijan's ecology minister, Mukhtar Babayev, who spent nearly two decades in senior positions at the country's state-owned energy company until leaving in 2018.Azerbaijan is an emerging economy that relies on oil and gas for nearly half of its GDP and more than 92% of its export revenue.COP29 organizers didn't return a request for comment from BI. They told Global Witness that they "reject in the strongest terms the suggestion that Azerbaijan has a hidden agenda" in hosting the climate summit.

The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds 

<ul class="summary-list"><li>United Arab Emirates, a wealthy petrostate, is hosting this year's UN climate summit. </li><li>Countries will debate cutbacks to burning fossil fuels and climate funding for poorer countries.</li><li>On the first day, countries agreed to some rules for the loss and damage fund.</li></ul>DUBAI, United Arab Emirates — There's always one big question heading into the UN's annual climate conference: What would success look like?Several major themes emerged ahead of the two-week event that kicks off today in Dubai, where some 70,000 climate diplomats, nongovernmental organizations, activists, and reporters from around the world are expected to gather. The central tension is whether this year's host — a wealthy petrostate whose largest exports are oil and natural gas — can corral nearly 200 other participating nations toward cutting back on the fossil fuels that are largely driving the climate crisis.The United Arab Emirates appointed Sultan Al Jaber, the head of the state-owned oil company Adnoc, to preside over the summit. He's also the CEO of Masdar, a state-owned renewable-energy company.Climate advocates say that Al Jaber's role as a fossil-fuel executive is a conflict of interest. Documents obtained by the <a target="_blank" href="https://www.businessinsider.com/cop28-host-uae-broker-secret-oil-deals-climate-summit-bbc-2023-11">Centre for Climate Reporting</a> and <a target="_blank" href="https://www.bbc.com/news/science-environment-67508331">first reported by the BBC</a> suggest those concerns might not be misplaced. The documents list talking points for Emirati officials meeting with other countries ahead of COP28 and include the promotion of oil and gas deals, as well as renewable-energy deals.Al Jaber said <a target="_blank" href="https://www.youtube.com/watch?v=rnKMhK-cP8U">during a press conference Wednesday</a> he never saw the talking points or used them in his discussions, characterizing the report as "false" and "incorrect.""Every meeting I have conducted with every government, or any other stakeholder, has always been centered around one thing and one thing only, and that is my COP28 agenda and how we can collectively, for the first time ever, adopt a mindset that is centered around implementation and action to keep 1.5 within reach," Al Jaber said.He was referring to the Paris agreement's goal to limit global warming to 1.5 degrees Celsius by 2030, compared with preindustrial levels. Climate scientists say that surpassing this threshold would cause catastrophes, including more extreme wildfires, droughts, hurricanes, and floods. People are already facing <a target="_blank" href="https://www.businessinsider.com/what-climate-change-crisis-extreme-weather-is-costing-you-2023-9">the consequences</a> of the climate crisis, with the <a target="_blank" href="https://www.businessinsider.com/last-three-months-on-earth-were-the-hottest-on-record-2023-9">deadly heat waves this year</a> being just one example.Yet the world isn't doing enough to hold warming to 1.5 degrees; indeed, the planet has already warmed nearly 1.2 degrees Celsius, <a target="_blank" href="https://www.unep.org/resources/emissions-gap-report-2023">according to the UN</a>. Countries need to slash greenhouse-gas emissions by 42% in the coming years to stay on track. This is partly why this year's conference is so important. For the first time, there will be a "global stocktake" — UN speak for a climate report card. We already know countries aren't cutting emissions fast enough, but in Dubai, leaders could agree on how to close the gap.Al Jaber outlined a lot of priorities that would help: tripling renewable-energy capacity, fast-tracking energy efficiency across industries, and a "phasedown" of fossil fuels. He also emphasized the need for wealthy countries to make good on their promises to finance climate action in poorer nations and work out the details of a "loss and damage" fund to help those nations rebuild after climate-fueled disasters.There already was an early win on that front during the opening ceremony on Thursday. Countries agreed to some overarching rules for the loss and damage fund: It will temporarily be run by the World Bank, contributions are voluntary, and the money can come from both the public and private sector.However, the fund doesn't an overarching financial goal. A UN-commissioned <a target="_blank" rel="noopener nofollow" href="https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2022/11/IHLEG-Finance-for-Climate-Action-1.pdf">report</a> said that based on recent disasters, costs of loss and damage could be as much as $150 billion to $300 billion by 2030. So far, UAE and Germany each have pledged the largest sums — at $100 million.Ani Dasgupta, president and CEO of World Resources Institute, told reporters at the summit, "While inadequate to the scale of what is needed, these early contributions will play a critical role in restoring trust between developed and developing countries as the UN climate talks get underway."The progress follows <a target="_blank" href="https://www.businessinsider.com/takeaways-un-climate-summit-loss-damage-fossil-fuels-2022-11">a landmark deal at last year's UN climate meeting </a>in Egypt, where the loss and damage fund was first established after a three-decade push by developing countries. They argued that rich economies like the US and those in Europe should be held accountable for their history producing much of the world's emissions.There's one other development that suggests Dubai could lead to more historic climate action. Earlier this month, the US and China agreed to ramp up renewable energy to displace fossil fuels. As the world's two largest polluters, no other countries have more power to shape climate policy. However, President Joe Biden and China's leader, Xi Jinping, won't be attending the conference.

What to watch at COP28 Dubai, the UN climate summit 

The second edition of the R.A.C.E (Regulation, Awareness, Collaboration, Ecosystem) Sustainability <keyword id="21084" type="General" weightage="20" keywordseo="summit" source="Orion">Summit</keyword> took place today at Abu Dhabi Finance Week (ADFW) presented by Abu Dhabi Global Market (ADGM) in partnership with HSBC. R.A.C.E Sustainability Summit aimed to reaffirm the UAE's commitment to advancing the global sustainability agenda, capping a series of discussions, insights, and forward-thinking solutions that are set to shape the future of finance. During this event, R.A.C.E. delved into the critical question of whether <keyword id="1942904" type="General" weightage="20" keywordseo="climate-finance" source="Orion">Climate Finance</keyword> represents the greatest capital reallocation in history. The conference aimed to identify strategies to bridge the USD 11 trillion capital gap between what is required for achieving <keyword id="10939148" type="General" weightage="20" keywordseo="net-zero" source="Orion">net-zero</keyword> emissions and the capital currently available for such initiatives. The summit focussed on addressing a wide range of topics including financing the transition to a net-zero economy, climate finance, <keyword id="1457959" type="General" weightage="20" keywordseo="carbon-markets" source="Orion">carbon markets</keyword>, and sustainable capital markets. These discussions were led by prominent figures from the financial and regulatory sectors through keynote addresses and panel discussions. In tandem, the Global Financial Regulators Summit, a key highlight of the event, presented the outcomes from a pivotal gathering of global financial regulatory leaders, shedding light on the role regulators play in shaping the financial landscape of the future, especially for climate financing. A keynote speech by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA) and Founder of the Shamma bint Sultan Sustainability Initiatives Social Enterprise, spoke on reframing the paradigm to emphasising both the investment opportunity and risk mitigation aspect of climate finance to create global financial stability. Other prominent speakers such as Ronald P. O'hanley, Chairman &amp; CEO of State Street Corporation spoke about the evolving strategies of asset managers as they approach transition finance, and H.R.H Prince Khaled bin Alwaleed bin Talal Al Saud, Founder &amp; CEO of KBW Ventures about 'impact investing' for investors during a transitioning era. The event also witnessed 28 new signatories for the Abu Dhabi Sustainable Finance Declaration, bringing the total count of signatories to 145, and showcasing their commitment to sustainability and climate financing. Among the several announcements during today's R.A.C.E. Sustainability Summit, the key ones included NinetyOne announcing the firm's intention to establish a presence at ADGM in 2024 and Independent Financial Services Group - Rothschild &amp; Co., European fast-growing asset manager - Eiffel Investment Group and TimeToAct announcing receiving their In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. Other major announcements included, NewVest announcing the world's first Private Green Energy Transition Funds Index (GET-PIF) which is set to be a capital gateway for private investments critical to supporting successful energy transition. Commenting on the event, Emmanuel Givanakis, CEO of the FSRA of ADGM stated, "The second edition of R.A.C.E. Sustainability Summit at ADFW has reinforced the importance of the global financial community's collective commitment to addressing climate change. We are proud to host an event that brings together global thought leaders and experts to explore innovative solutions for a more sustainable future. At ADGM, we see ourselves as an important driving force in the UAE's journey towards a net-zero future by 2050 as we create an ecosystem with a robust regulatory framework that champions sustainable finance and climate transition. As we stand on the cusp of profound change, our unwavering commitment empowers both the public and private sectors to join forces in closing the green financing gap that expedites the transition to net zero while also shaping the sustainable financial landscape of the future alongside the <keyword id="12458056" type="General" weightage="20" keywordseo="cop28" source="Orion">COP28</keyword>." R.A.C.E served as a pre-prep event for COP28 where critical negotiations related to Climate Finance took place. ADGM plans to continue this conversation at a much higher level at COP28, being the official Principle Climate Finance Partner and hosting the sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) on the 4th of December 2023, convening important decision-makers and contributors to sustainable finance and ESG initiatives across global borders.

Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE

<ul class="summary-list"><li>Ex-Google CEO Eric Schmidt urged more AI development, even though it requires so much energy.</li><li>AI models require enormous data centers that threaten goals to reduce carbon emissions.</li></ul>Former Google CEO Eric Schmidt says it's time for us to fully invest in AI infrastructure because climate goals are too lofty to reach anyway.The AI boom has spurred a <a target="_blank" class="" href="https://www.businessinsider.com/ai-data-energy-centers-water-energy-land-2023-10">wave of spending on data centers</a>, which provide the computational power needed to train and run AI models. But the surge in development comes at a price, as data centers consume huge amounts of natural resources. <a target="_blank" class="" href="https://archive.ph/QL9LB">According to McKinsey</a>, data centers are expected to consume 35 gigawatts of power annually by 2030, up from 17 gigawatts last year.The Biden administration set an ambitious target for the power sector to be carbon-neutral by 2035 and for the US economy to be net zero by 2050. But AI's dramatic need for energy has pushed some <a target="_blank" class="" href="https://www.businessinsider.com/ai-energy-electricity-data-centers-fossil-fuels-tech-revolution-2024-3">AI execs to turn to fossil fuels</a>, which could threaten those net-zero goals.Schmidt's comments came at an AI summit in Washington DC on Tuesday, where he addressed the crowd and gave his thoughts on the future of artificial intelligence. Schmidt — <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/google-ceo">Google's CEO from 2001 to 2011</a> — also previously chaired the National Security Commission on Artificial Intelligence.Schmidt said at the event that there are ways to curb the <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/chatgpt-generative-ai-environment-climate-change-global-emissions-2023-9">negative effects AI</a> can have on the environment, like using better batteries and power lines to build data centers, but he thinks AI growth will eventually outpace these preventive measures."All of that will be swamped by the enormous needs of this new technology," Schmidt told the crowd. "Because it's a universal technology, and because it's the arrival of an alien intelligence… we may make mistakes with respect to how it's used, but I can assure you that we're not going to get there through conservation."Presenters pressed Schmidt on whether it is possible to meet AI energy needs without disregarding conservation goals. Schmidt said he thinks "we're not going to hit the climate goals anyway because we're not organized to do it.""Yes, the needs in this area will be a problem, but I'd rather bet on AI solving the problem than constraining it and having the problem," Schmidt said.In 2022, Schmidt founded White Stork, a defense company that develops AI-powered drones. At a lecture at Stanford University in April, Schmidt said the war in Ukraine had <a target="_blank" href="https://www.businessinsider.com/eric-schmidt-white-stork-ai-drones-ukraine-war-russia-2024-8">turned him into an "arms dealer."</a> He also said that White Stork would "use AI in complicated, powerful ways for these essentially robotic wars."

Former Google CEO Eric Schmidt says we should go all in on building AI data centers because 'we are never going to meet our climate goals anyway'

New Delhi, As the world's top leaders assembled here for the <keyword id="42982" type="General" weightage="20" keywordseo="g20-summit" source="Orion">G20 Summit</keyword>, they called for an urgent need to tackle various challenges before the globe including on the climate front. UK Prime Minister <keyword id="221875" type="General" weightage="80" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> said the G20 leaders came together for the first time 15 years ago to restore global growth after the financial crisis. "We (now) meet at a time of enormous challenges -- the world is looking to the G20 once again to provide leadership. Together I believe we can address these challenges," he said. Brazilian President <keyword id="12083056" type="General" weightage="80" keywordseo="luiz-inacio" source="Orion">Luiz Inacio</keyword> Lula da Silva said during his country's G20 presidency, it will launch a Task Force for Global Mobilisation against Climate Change. "We want to reach COP 30, in 2025, with a climate agenda balanced between mitigation, adaptation, loss and damage and financing, ensuring the sustainability of the planet and the dignity of people," he said. He said Brazil hopes to count on everyone's engagement so that the beauty of the Earth is not just a "photograph seen from space". South African President <keyword id="238505" type="General" weightage="80" keywordseo="cyril-ramaphosa" source="Orion">Cyril Ramaphosa</keyword> said "we are delighted" that the G20 has accepted the African Union as a member of the grouping. "Global reconstruction in the wake of the COVID-19 pandemic presents a unique opportunity to accelerate the transition to low-carbon, climate resilient, sustainable societies," he said. Developing economies, he said, are bearing the brunt of climate change, despite carrying the least responsibility for this crisis. "As African and other developing economy countries, we face the task of meeting our climate commitments in the midst of significant developmental challenges like poverty, inequality and unemployment," he observed. Climate change, environmental degradation, unsustainable consumption and production and resource scarcity are challenges that can only be addressed collectively and with a great deal of solidarity, he felt. "South Africa calls for an enhanced and expanded global partnership for Sustainable Development," he said. "This must be supported by the concrete policies and actions outlined in the Addis Ababa Action Agenda on Financing for Development," he asserted. Indonesian President Joko Widodo said before joining the leaders of the G20 countries and heads of international organisations who had arrived, we took a group photo. The background of the photo is the wheel that is the icon of the Kornark Sun Temple, a part of the UNESCO world heritage site. Saturday's first session of the G20 India Summit raised a topic with the theme One Earth, he noted. European Union Commission President Ursula von der Leyen said climate change is man-made. "So it means we can address it. For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency. This requires more investments". "At the G20, I invited leaders to join the call for global carbon pricing. In a more fragmented world, the G20's role as a forum to address global challenges is vital. The Delhi Summit, under the strong stewardship of PM <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword>, will therefore be instrumental," she said. The EU, she said, will do its utmost to make it a success.

G20 leaders call for sustainable growth, addressing climate challenge

<ul class="summary-list"><li>World leaders are gathering in the UAE for the COP28 climate change summit. </li><li>But President Joe Biden and Xi Jinping of China will be absent.</li></ul>World leaders are gathering today in the United Arab Emirates for the opening of COP28, the world's most important global warming summit.King Charles and Pope Francis are attending alongside delegates from 200 nations.Their core goal will be making better progress toward meeting the Paris 2015 UN Framework Convention on Climate Change to limit global warming to 1.5 Celsius a year above pre-industrial levels.But the leaders of the world's biggest polluting nations — President Joe Biden and China's leader Xi Jinping — will be conspicuous by their absence.<div type="image" title="COP28" height="683" width="1024" msid="105660948" hostid="261" sizebytes="26138"></div>The White House on Sunday announced that Biden would not be attending the opening of the summit, and following criticism of the decision announced a last-minute schedule change Wednesday, sending Vice President Kamala Harris in Biden's place.Previously, the most senior US official scheduled to attend had been US climate envoy John Kerry.Biden has attended both of the previous UN climate summits but is facing criticism for his green policies from Republicans, while also facing pressure from younger Democratic voters to take more action to tackle the climate crisis.Instead, of Xi, China will be represented at the summit by China's climate envoy Xie Zhenhua.<h3>Biden and XI pass on the chance to inject momentum into talks</h3>The US and China are the world's biggest economies, together accounting <a target="_blank" href="https://www.climatewatchdata.org/?utm_source=cait.wri.org&amp;utm_medium=redirecthistorical/Country%20GHG%20Emissions">for around 38% of the world's </a>greenhouse emissions.Tom Evans, a policy advisor at think tank E3G, told Business Insider that the decision by the world's most powerful leaders to skip the opening was particularly disappointing given they'd recently found common ground on the climate crisis amid escalating tensions on a range of other issues.At a meeting in November on the <a target="_blank" href="https://www.businessinsider.com/biden-xi-meeting-china-plan-supplant-us-working-apec-summit-2023-11?r=US&amp;IR=T">fringes of the APEC summit in San Francisco,</a> Xi and Biden agreed to limit methane emissions, and back global efforts to triple renewable energy production by 2030, one of the main goals of COP28."It's a huge shame to not have the leaders of the two biggest emitters here at COP," said Evans, and citing their recent agreement added: "Their attendance could have further cemented that agreement and helped inject momentum into the talks."A key sticking point in the talks is the reluctance of some countries in the developing world to agree to tough cuts in emissions that they say would hamper their economic development.Xi and Biden are doing little to signal their commitment to sharing the burden of reducing the climate crisis equally by not attending the summit, <a target="_blank" href="https://www.nytimes.com/2023/11/27/climate/biden-cop28-climate-dubai.html?smid=nytcore-ios-share&amp;referringSource=articleShare">say critics.</a><h3>Controversy over secret oil deals</h3>Before it even began, the COP28 conference was clouded by controversy.The UAE is one of the world's biggest producers of fossil fuels, and the COP28 President Sultan Al Jaber heads the Gulf State's oil company.The BBC and Centre for Climate Reporting earlier in the week, citing briefing documents, reported that the UAE was planning to broker secret fossil fuel deals with nations attending the summit.<a target="_blank" href="https://www.businessinsider.com/cop28-host-uae-broker-secret-oil-deals-climate-summit-bbc-2023-11?r=US&amp;IR=T#:~:text=A%20COP28%20spokesman%20told%20Business,unverified%20documents%20in%20their%20reporting.%22">In a statement to Business Insider, a </a>COP28 spokesman denied that the documents outlining the planned deals had in fact been discussed in meetings.<h3>The Global Stocktake</h3>But despite the controversy, and even in the absence of Biden and Xi, campaigners remain optimistic.Evans said that central to the success of the summit will be the "Global Stocktake," or addressing the gaps in progress toward meeting the Paris 2015 goals such as phasing out fossil fuels and tripling renewables by 2030.Cherelle Blazer, director of international climate and policy at the Sierra Club, told VOA, <a target="_blank" href="https://www.voanews.com/a/cop28-has-big-agenda-but-won-t-have-biden-xi/7372863.html">that the US delegate </a>attending had the authority to push for meaningful progress."The Senate delegation is going to be there. The full US negotiating team will be there. Kerry will be there. So, everyone that needs to be in place for something actionable to happen will be there," she said.

Biden and Xi are glaringly absent from the UN's climate summit. That doesn't bode well for the world.

Bari (Italy): Prime Minister Narendra Modi on Friday said he had an excellent meeting with <keyword id="19901464" type="General" weightage="20" keywordseo="French-President-Emmanuel-Macron" source="keywords">French President Emmanuel Macron</keyword>, their fourth meeting in one year, and discussed ways to further strengthen the <keyword id="19895605" type="General" weightage="20" keywordseo="strategic-partnership" source="keywords">strategic partnership</keyword> in areas like defence, nuclear and space. The two leaders met on the sidelines of the <keyword id="21430934" type="General" weightage="20" keywordseo="G7-Summit" source="keywords">G7 summit</keyword> here in the southern resort town of Italy. The meeting with <keyword id="2211960" type="General" weightage="20" keywordseo="macron" source="Orion">Macron</keyword> is Modi's first official bilateral meeting with an international leader since taking charge for his third term as Prime Minister earlier this month. Modi thanked President Macron for his warm wishes on assuming office for the third consecutive term. "Had an excellent meeting with my friend President @EmmanuelMacron. This is our fourth meeting in one year, indicating the priority we accord to strong India-French ties," Modi posted on X. "Our talks covered numerous subjects such as defence, security, technology, AI, Blue Economy and more. We also discussed how to encourage innovation and research among the youth," he wrote. Modi also conveyed his best wishes to Macron on the hosting of the <keyword id="4833237" type="General" weightage="20" keywordseo="Paris-Olympics" source="Orion">Paris Olympics</keyword>, which begins next month. France will host the <keyword id="2307831" type="General" weightage="20" keywordseo="2024-Summer-Olympics" source="Orion">2024 Summer Olympics</keyword> from July 26 to August 11. The two leaders reviewed India-France bilateral relations, focusing on the 'Horizon 2047' Roadmap and the Indo-Pacific Roadmap. Discussions included cooperation in defence, nuclear, space, education, climate action, digital public infrastructure, connectivity and cultural initiatives such as the National Museum partnership and enhancing people-to-people ties. The two leaders agreed to further intensify strategic defence cooperation with an increased focus on 'Make in India'. They also agreed to expand cooperation in the realms of Artificial Intelligence, critical and emerging technologies, energy and sports, while working closely in the context of the forthcoming AI Summit and United Nations Oceans Conference, both to be hosted in France in 2025. The two leaders also exchanged views on key global and regional issues. They emphasised that a strong and trusted Strategic Partnership between India and France is crucial for a stable and prosperous global order and agreed to work closely to make it scale greater heights. The two leaders last met in January when the French President visited India to attend the 75th Republic Day of India. During their last meeting, the two leaders reaffirmed their shared vision for bilateral cooperation and international partnership, outlined in Horizon 2047 and other documents from the July 2023 Summit. Horizon 2047 Roadmap sets an ambitious and broad-ranging course for the bilateral relationship for 2047, the centenary year of India's independence. Modi is attending the 50th G7 Summit on the invitation of Italian President Georgia Meloni and will address an Outreach session on Artificial Intelligence, Energy, Africa and the Mediterranean alongside leaders of other invited countries and Pope Francis.

PM Modi and French President Macron discuss ways to further cement strategic ties at G7 summit sidelines

<ul class="summary-list"><li>COP28 President Sultan Al Jaber held a press conference to defend his support for climate science.</li><li>Al Jaber is under fire again for his comments on fossil fuels and science. </li></ul>DUBAI, United Arab Emirates — When the chief executive of an oil company runs a UN climate summit, sparks are bound to fly.Sultan Al Jaber, the president of COP28 being held in Dubai, took center stage at the UN climate summit earlier Monday to defend his support of climate initiatives. Al Jaber, who is also the CEO of the United Arab Emirates state-owned oil company Adnoc, came under fire after controversial comments became public around how "there is no science" or "scenario" saying that phasing out fossil fuels will achieve global climate targets.He made those comments during a live online event on Nov. 21, roughly a week before the UN climate gathering kicked off; they were <a target="_blank" href="https://www.theguardian.com/environment/2023/dec/03/back-into-caves-cop28-president-dismisses-phase-out-of-fossil-fuels">published by the Guardian on Sunday</a>. The comments alarmed climate advocates in Dubai and led Al Jaber to pull together a press conference to defend his "respect for the science" and his record of saying that fossil fuels are on their way out."I have said over and over that the phase down and phase out of fossil fuels is inevitable," Al Jaber told reporters at COP28 on Monday. "This transition is essential. It needs to be orderly, fair, just, responsible, and well-managed. I am quite surprised at the constant and repeated attempts to undermine this message."Before the the conference started, Al Jaber <a target="_blank" href="https://www.businessinsider.com/cop28-dubai-un-climate-summit-sultan-al-jaber-oil-loss-damage-2023-11">also denied a report</a> that Emirati officials used COP28 meetings with other countries to promote oil and gas deals, as well as renewable energy projects."COP28 President Al Jaber's science-denying statements are alarming and raise deep concerns about the presidency's capacity to lead the UN climate talks, at a time when leadership and a clear vision are most needed," Romain Ioualalen, Oil Change International's global policy lead, said in a statement. "Of course, denying science has been part of the fossil fuel industry's playbook for decades. But science is not up for debate: we must phase out fossil fuels to have a livable planet."The controversies underscore the central debate at the UN climate summit in Dubai. Nearly 200 countries are trying to reach a deal that calls for shifting economies away from fossil fuels, the main cause of the climate crisis. UN scientists warn that countries must make that transition quickly to <a target="_blank" href="https://www.unep.org/resources/emissions-gap-report-2023">cut greenhouse gas emissions by 42% by 2030</a> and avert catastrophic levels of global warming. But they are far off track.Al Jaber says he's on board with a deal of some kind on fossil fuels. But climate advocates are skeptical, in part because Adnoc is planning to invest $150 billion over the next five years on its offshore oil and gas fields.That seems to be inconsistent with a report by <a target="_blank" href="https://www.ipcc.ch/report/ar6/syr/downloads/report/IPCC_AR6_SYR_SPM.pdf">the UN Intergovernmental Panel on Climate Change</a>, which found that emissions from existing and planned fossil fuel infrastructure are already enough to surpass global climate goals. The Paris Climate agreement calls for limiting global temperatures to 1.5 degrees Celsius compared to preindustral levels. The world has already warmed by 1.2 degrees, the IPCC said, and caused substantial loss and damage from deadly floods, drought, wildfires, and other disasters.A spokesperson for Adnoc told Business Insider that the company is spending some of its $150 billion investment on maintaining its existing oil and gas operations. Adnoc is also investing $15 billion on reducing the carbon intensity of its operations and on low-carbon technologies like hydrogen, geothermal, and renewables.Al Jaber was joined by Jim Skea, chair of the IPCC, during Monday's press conference, who said the COP28 president has been "attentive to the science."Skea said that under a 1.5-degree warming scenario, fossil fuel use is "greatly reduced and unabated coal is completely phased out." Oil is reduced by 60% and natural gas by 45%, he said."Unabated" refers to emissions that are not captured at the smokestack. Carbon capture projects are largely unproven and expensive to develop, which is why many climate advocates see them as a distraction from cheap and available solutions like renewable energy.But oil and gas giants like Adnoc, ExxonMobil, and Chevron are investing billions in carbon capture technology, in part because it could give them license to operate in a greener world.During the online event, Al Jaber argued that a complete phase-out of fossil fuels wouldn't allow sustainable development "unless you want to take the world back into caves."The exchange was with Mary Robinson, the chair of the Elders group and a former UN special envoy for climate change, during an event hosted by the nonprofit She Changes Climate that advocates for greater female representation in climate policy.Robinson said the climate crisis is disproportionately hurting women and children because the world hasn't committed to phase out fossil fuels.

Oil titan Sultan Al Jaber backtracks on comments that 'there is no science' around fossil fuels at UN climate summit

<ul class="summary-list"><li>The UAE is hosting the COP28 climate change summit. </li><li>The BBC reported it planned to make secret oil and gas deals. </li></ul>The United Arab Emirates (UAE) planned to broker secret oil and gas deals through its role as the host of the UN climate conference, COP28, <a target="_blank" href="https://www.bbc.co.uk/news/science-environment-67508331">the BBC reported.</a>According to UAE summit planning documents, obtained by the BBC and the Center for Climate Reporting, officials from the Gulf state drew up a list of talking points on potential new fossil fuels deals with 15 attending nations.Among them, UAE COP28 planning officials intended to discuss <a target="_blank" href="https://markets.businessinsider.com/news/commodities/gas-lng-shipping-cost-over-200000-daily-tanker-supply-drops-2023-8">liquefied natural gas </a>development projects by UAE state energy firm Adnoc with China, the BBC reported.Officials also reportedly sought Brazilian government backing for UAE investment in a petrochemicals firm, and planned to propose a deal for developing fossil fuels in Colombia.The documents were reportedly drawn up for meetings with the UAE's top COP28 official, Dr. Sultan al-Jaber, and government representatives ahead of the summit. Business Insider was unable to independently verify the documents.A COP28 spokesman told Business Insider that the documents had not been used in meetings.'The documents referred to in the BBC article are inaccurate and were not used by COP28 in meetings," he said. "It is extremely disappointing to see the BBC use unverified documents in their reporting."Dr Jaber is also CEO of the UAE's state oil company, Adnoc, and of Masdar, the state's renewables business.Host nations usually seek to encourage ambitious <a target="_blank" href="https://www.businessinsider.com/exxon-acquisition-permian-basin-pioneer-fossil-fuels-energy-transition-2023-10?r=US&amp;IR=T">new global initiatives to cut fossil fuels at the summits.</a>The BBC said it had seen an email exchange in which COP28 staff were told Adnoc and Masdar discussions "always need to be included" in the briefing notes. The COP28 team told the BBC this was "simply untrue."The UAE in a statement to the BBC did not deny that it planned on holding oil and gas deal talks, and said "private meetings are private." It did not say what was discussed in the talks, and said it's committed to "meaningful climate action."Business Insider has contacted the UAE for further comment.Under the rules of the UN body which organizes the summit, host nations are banned from using the discussions for self-interested purposes, or in a way that's biased.Leaders from nearly 200 <a target="_blank" href="https://africa.businessinsider.com/local/markets/cop28s-loss-and-damage-fund-will-be-key-for-africa/719n868">countries are gathering </a>in the UAE on Thursday for the COP28 summit.

You Searched For "climate summit" and got 11 results

Climate change a prominent concern, India working towards committed reduction: Jaishankar

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Trump called the climate crisis a scam. It could prove a gift to China.

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The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds

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What to watch at COP28 Dubai, the UN climate summit

Catherine Boudreau

Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE

ANI

Former Google CEO Eric Schmidt says we should go all in on building AI data centers because 'we are never going to meet our climate goals anyway'

Kenneth Niemeyer,Lakshmi Vara…

G20 leaders call for sustainable growth, addressing climate challenge

PTI

Biden and Xi are glaringly absent from the UN's climate summit. That doesn't bode well for the world.

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PM Modi and French President Macron discuss ways to further cement strategic ties at G7 summit sidelines

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Oil titan Sultan Al Jaber backtracks on comments that 'there is no science' around fossil fuels at UN climate summit

Catherine Boudreau

The UAE planned to use the global climate summit it's hosting as a chance to strike new oil and gas deals, BBC report says

Tom Porter

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