U.S. climate envoy John Kerry: Ukraine war no excuse to let up on climate fight

U.S. climate envoy John Kerry: Ukraine war no excuse to let up on climate fight
He said in Davos, Switzerland: "There has to be a resupply to Europe of gas that has been lost in the cutoff from Russia."
May 24, 2022, 2:55 pm

You can’t solve the problem of the ocean without dealing with the climate, and you can’t solve the problem of the climate without dealing with the ocean - John Kerry, Special Presidential Envoy for Climate

The U.S. climate envoy John Kerry told the World Economic Forum (WEF) on Tuesday (May 24) that the global energy crisis wrought by the war in Ukraine should not deepen the world's dependence on fossil fuels causing climate change.

He said in Davos, Switzerland: "There has to be a resupply to Europe of gas that has been lost in the cutoff from Russia."

However, he warned that for the longterm: "No one should believe that the crisis of Ukraine is an excuse to suddenly build out the old kind of infrastructure that we had ... we have to be much smarter than that given the stakes."

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Soaring energy prices have stoked multi-decade high inflation in some countries and recession fears as sanctions against key oil and gas producer Russia have tightened supply.

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There was no room for backsliding, Kerry said, pointing to a 6% rise in emissions and 9% increase in the use of heavily polluting coal.

He said that rapid investment in renewable energy technology was the only solution to keep warming below 1.5 degrees celsius.

Kerry said: "If we make the right choices here we can win all of these battles: we can do what we need to do with respect to Ukraine, we can do what we need to do with respect to the climate crisis."

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He added: "We cannot be seduced into believing that this suddenly is an open door to going back and doing what we were doing which created the crisis in the first place."

Source: marketscreener

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