Kerry warns world is on track to surpass key climate threshold unless global leaders step up
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But he warned that the world was not on the right track.
“We’re far behind, and we’re not going to catch up by the end of this year,” Kerry said. “We can start using the renewable technology we have today very quickly, to a great extent, and to reduce emissions – without tolerating Ukraine. [and] “People are feeling pressure about the supply of oil and gas.”
Sharm el-Sheikh, Kerry’s main focus at COP27 in Egypt this November, is trying to persuade countries to live up to their Glasgow commitments and keep expanding their ambitions.
Democrats in Congress see Memorial Day as an unofficial deadline. But the key swing vote is Sen. Joe Manchin of West Virginia is also holding bilateral energy talks, which has created confusion on the way forward.
Kerry said the private sector needs signals and investment from the government to speed up energy transfers.
“They need signals from the government – a tax credit, a concession,” Kerry said. “They need to know that the demand is real and that it is about to be implemented. It is an exciting, transformative moment where we are really on the brink of a new industrial revolution.”