Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

World

King Charles says world heading for ‘dangerous uncharted territory’ at global leaders summit

by December 1, 2023
December 1, 2023
King Charles says world heading for ‘dangerous uncharted territory’ at global leaders summit

King Charles III told world leaders Friday that the warning signs of the climate crisis are being ignored and that the world is heading for “dangerous uncharted territory,” with devastating consequences for lives and livelihoods.

Delivering an opening address to delegates at the World Climate Action Summit, part of the COP28 summit in Dubai, the King said he prayed “with all my heart that COP28 will be a critical turning point towards genuine transformational action.”

“Some important progress has been made but it worries me greatly that we remain so dreadfully far off track,” he said, adding, “we are taking the natural world outside balanced norms and limits and into dangerous uncharted territory.”

Referring to this year’s climate change-fueled extreme weather, including Canada’s unprecedented wildfire season, deadly flooding in Pakistan and Bangladesh and catastrophic drought in East Africa, the King told delegates that the “hope of the world” rested on decisions taken at the summit.

“We are carrying out a vast, frightening experiment of changing every ecological condition all at once as a pace that far outstrips nature’s ability to cope,” he said.

The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy.

“In 2050, our grandchildren won’t be asking what we said, they will be living with the consequences of what we did or didn’t do,” he said. “The Earth does not belong to us, we belong to the Earth,” he added.

UAE President Sheikh Mohammed bin Zayed Al Nahyan, who has already spoken at the ceremony, announced a $30 billion green investment fund, “designed to bridge the climate finance gap.”

Developing nations have long pushed the rich world to channel more financing to the global south to help it make the green transition. He spoke in Dubai, where the UAE is hosting the talks.

After a year of record global temperatures, fueling deadly extreme weather, the pressure is high at COP28 for leaders to make ambitious progress on tackling the climate crisis. But countries still remain divided about the role fossil fuels, the main driver of climate change, will play in the future.

GET OUR FREE ROYAL NEWSLETTER

COP28, which opened Thursday, started with a significant development as countries formally adopted a damage fund, decades in the making, to help nations hit hardest by the climate crisis.

Among countries making immediate commitments were the United Arab Emirates and Germany, both of which pledged $100 million, and the UK, which announced £60million, part of which will be used for “other arrangements,” according to the news release. The US announced a commitment of $17.5 million, which some experts and advocacy groups said was “embarrassing.”

World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva, UK Prime Minister Rishi Sunak and Prime Minister of Barbados Mia Mottley are due to address delegates later.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
Israel resumes fighting against Hamas after truce to free hostages expires
next post
Little food, a beating and lice: What freed Israeli hostages are saying about being held by Hamas

Related Posts

Israel denies genocide accusations at top UN court,...

January 13, 2024

Putin gifts car to Kim Jong Un in...

February 20, 2024

Egypt warns Israel of ‘dire repercussions’ over Rafah...

May 16, 2024

Brazil’s floods smashed through barriers designed to keep...

May 19, 2024

American who carried ammunition in Turks and Caicos...

May 25, 2024

Russia sees biggest drone assault on its own...

September 4, 2023

Dartmouth head football coach Buddy Teevens dies six months after...

September 20, 2023

Fury towards Netanyahu as Israelis protest renewed war...

March 19, 2025

Israel’s democracy is at a crossroads as its...

September 15, 2023

Asteroid that doomed the dinosaurs halted a key...

November 1, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,032)
    • Investing (2,050)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,351)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved