SAPPORO, Japan (AP) — So much has been invested in clean energy that there can be no rolling back of moves to end carbon emissions, U.S. climate envoy John Kerry said Sunday.
Kerry noted that if countries deliver on promises to phase out polluting fossil fuels, the world can limit average global warming to 1.7 degrees Celsius , better than the worst case scenarios but still above the current limit of 1.5 C global warming above pre-industrial levels.
Kerry said the G-7 talks in northeastern Japan’s Sapporo were “really constructive” in yielding a show of unity for phasing out use of unabated fossil fuels that emit greenhouse gases. Kerry held out hope for cooperation with China on climate despite friction over Taiwan, human rights, technology and other issues, saying he had a “very good conversation” with his Chinese counterpart, Xie Zhenhua, just days earlier.
No one person can roll back what’s happening in the climate sector, Kerry said, “because private companies have made major bets on the future and they’re not going to reverse them.” “Our hope ... is that over the course over the next weeks and months more will be put on the table, more will be agreed upon and we can move faster,” he said.
The Inflation Reduction Act is a major step toward incentivizing climate-friendly investments, “sending a signal to the market place that there’s money to be made by transitioning and moving in the direction of clean energy technologies,” he said.
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