Technologies
COP26 climate agreement strikes some as ‘good deal,’ others as ‘blah, blah, blah’
The compromise reached at the UN climate summit officially points a finger at coal but stops short of a «phase out.»
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Nearly 200 countries reached an agreement at the United Nations climate summit Saturday that UN Secretary-General António Guterres said takes important steps but still leaves us «knocking on the door of climate catastrophe.»
«The approved texts are a compromise,» Guterres said in a statement. «They reflect the interests, the conditions, the contradictions and the state of political will in the world today. They take important steps, but unfortunately the collective political will was not enough to overcome some deep contradictions.»
The agreement is the first to come out of a UN climate summit with mention of the role of fossil fuels in the climate crisis, CNN reported. But at the last minute, language to «phase out» coal power was changed to «phase down,» a move some said would make it hard to reach key goals around warming.
The agreement asks governments to strengthen emissions-reduction targets by the end of 2022 to keep alive the goal of the Paris climate accords signed six years ago. That treaty calls for holding the rise in the Earth’s average temperature to well below 2 degrees Celsius above preindustrial levels — and if possible, to 1.5 degrees Celsius above those levels. But the COP26 agreement has no enforcement mechanism, The Wall Street Journal reported, and only urges countries to act. Still, it calls on governments to return next year with their more robust plans to curb emissions, with some negotiators seeing that review as a way to bring about new cuts, the Journal said.
Altered language aside, the agreement includes an explicit call to countries to accelerate their efforts to cut down on coal, the fossil fuel that’s worst when it comes to greenhouse gas emissions, and to speed an end to fossil fuel subsidies. And it promises more money to small and developing countries for mitigation and adaptation.
«It’s a good deal for the world,» US climate envoy John Kerry told The Associated Press. «It’s got a few problems, but it’s all in all a very good deal.»
Others weren’t so sure. In regard to funds for smaller countries, developed nations have already missed the deadline for providing $100 billion annually to these countries by 2020. That means trust is low, and many of these countries are disappointed the agreement doesn’t lay the groundwork for establishing a loss and damage fund. This would’ve provided them with the money they need to pay for immediate damage caused by the climate crisis, which is largely caused by developing countries.
Climate activist Greta Thunberg dismissed the agreement as more of the same old talk without real action.
«The #COP26 is over. Here’s a brief summary: Blah, blah, blah,» Thunberg tweeted. «Unless we achieve immediate, drastic, unprecedented, annual emission cuts at the source then that means we’re failing when it comes to this climate crisis,» she said in another tweet, adding that «small steps in the right direction» and «making some progress» equals losing.
CNET’s Katie Collins contributed to this report.
Technologies
Verum Coin is now available for deposit and swap on Crypto.com!
Verum Coin is now available for deposit and swap on Crypto.com!
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We are excited to announce that Verum Coin (VERUM) can now be deposited and exchanged on one of the leading cryptocurrency platforms, Crypto.com! This opens up new opportunities for users looking to integrate Verum Coin into their portfolios and participate in seamless liquidity operations.
Don’t miss the chance to take full advantage of Verum Coin on Crypto.com. Start depositing and swapping with ease today!
Technologies
Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000
Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000
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Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.
Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.
Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.
With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.
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Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.
HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.
This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.
About Verum Coin
Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.
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