tv Climate Envoy John Kerry Holds News Conference at COP27 CSPAN November 12, 2022 10:03am-10:36am EST
breakfast with sailors at the regatta and they asked have you reported it? i will tell people that she was driving the car. and they said you can't do that. he did not go to the police. they went to a phone so that he could talk to other advisors and while they were doing that, they saw the ambulance/hurst going over the ferry and they realize they had about 15 minutes before the police. john farrell in his book on ted kennedy. you can listen to q&a and all of our podcasts on our c-span now at. --app.
>> now to a briefing with john kerry who is attending the climate change conference in egypt. john kerry: president biden was here yesterday and he came to the g20 to make sure that he emphasized that the united states binding commitment to the reality of the steps that we are taking to implement that commitment. he is all in as far as he can get folks to move in the united states. that's obvious with the inflation reduction act which is an historic step forward. not to mention the initiatives that have been taken department to department. i can tell you because we have a task force, that has brought
every agency of government together chaired by john modesto and previously gina mccarthy. the president outlined how in partnership with the international community we can do even more. the president outlined how the inflation reduction act not only puts united states on track to meet our ambitious 2030 target but will also help other countries to be able to do what they need to do to drive down the cost of clean technologies and to help make certain that those clean technologies get distributed to the world much is took place with vaccines.
the president announced new actions to reduce methane emissions in the u.s. and around the world. obviously he launched last year a methane pledge which now has 140 countries that have joined together pursuing a 30% reduction of methane emissions by 2030. that is the equivalent of every automobile in the world, truck and the world, ship in the world all going to zero by 2030. i think we can beat it and i think a lot is happening in terms of methane reduction. you just heard mexico join in with that. the president talked about leveraging the government's purchasing power to
de-carbonized supply chains. he talked about using public finance to unlock billions in private investment supporting stronger efforts in developing countries. he also talked about helping those most vulnerable nations to withstand, if not avoid, the ravages of the climate crisis. the president also announced a doubling of the u.s. contribution to the adaptation fund of 50 million for a total of more than half a billion dollars this year. we are also announcing a series of partnerships that will encourage action and scale of
finance. we and norway announced a shipping challenge with pledges from governments, boards to de-colonize global shipping. i am pleased to say we did that in conjunction with norway. the prime minister was here to help and we are delighted that a maritime nation like norway, which is always cared about this issues is involved as it is. together with germany we announced the energy pillar with egypt's platform. it breaks new ground. it shows exactly how the template can work to reduce emissions, to deploy a renewables and put you on a virtuous path to the road to net
zero. it shuts down 11 dirty, old fossil fuel turbines. it will shift five gigawatts from egypt to europe and that will reduce emissions in egypt and be used only in the context of the needs of europe. germany is moving to 80% renewables for their power sector in germany. egypt commits to build out 10 gigawatts of solar and wind, it's a net 10 gigawatts shift to the clean energy side with the united states, germany and other
countries joining together with a significant contribution with germany with the big loan. that is what helped to make this deal happen. finance that came in to attract 10 million an investment that will deploy this clean energy. japan, canada, norway, united states and the u.k. joined together with the eu pledged immediately action to reduce greenhouse gas emissions associated with production and specific domestic steps countries can take. there is a tech guidance process to this. helping a country that might not know what to do to approach the
methane issue. it is also pretty basic, low-tech and the cheapest, fastest way to rapidly reduce emissions and hang on to the possibilities of 105 degrees. in order to accelerate the clean energy in developing countries in ways that have environmental integrity. that have very clear guard, clear accountability and we will work over the next months to speed that transition through this kind of mechanism. i want to emphasize, there is a
time constraint on this, and there is an amount constraint and we believe the guardrails will be real for its efficiency. we will supplement, not replace any public commitments are public dollars and efforts that have been made but it is clear, if we are going to achieve keeping the earth's temperature from increasing to 105, the only way to do it is to reduce emissions by 45% in the next 7.5 years and to be able to keep 1.5 degrees alive. if you don't do enough in the next eight years, it becomes impossible to reach net zero by 2050 barring some miraculous discovery that we don't anticipate. we in our partners will work
with businesses, ngos, stakeholders to design this initiative of an accelerator with full environmental integrity. we will also dedicate a portion of the finances to support adaptation in poor countries. because i have a more difficult time attracting adaptation money. my friends, we have made great strides this year. building out of those strides at cop-26, committed to keeping 1.5 degrees alive. that underscores the urgency of
bringing the other 35 percent on board. we will talk about the role indonesia will play in this endeavor. we heard from mexico and they indicated a significant step forward which was not counted on the plus side. we also have vietnam with raised its expectations, indonesia, thailand and smaller countries have raised their indices. i want to emphasize that we have specifically called on countries whose emissions continue to rise in whose 2030 targets are not yet aligned with the paris temperature goal which was required as set forth in the glasgow agreement. we call on those countries to review and strengthen their targets this year as the
community of nations has called for and are for the most part working to achieve. one of our goals is to continue to grow the number of countries that will hold themselves up to accountability to align ourselves with the paris agreement. on the complex issue of loss and damage, i want to make it clear, we support making loss and damage an agenda issue. what that means, it is required that it not just sit there, there must be an outcome of some kind. we will be working towards that outcome. we have heard what happened in
pakistan, other countries around the world. it is vital that we recognize that some countries being affected more than others and we share the responsibility as president biden has said to help come up with the means of dealing with that. we are engaged with our friends to work through the various proposals. and find the best way to harness the capacity of existing institution and fill in the gaps in the response thus far. there are a lot of proposals out there. we will have intensive negotiations during the ministerial portion of this conference. i am confident we can get to where we need to get to. if other countries with major omissions could a too late what they are doing, some of them are
doing a great deal but is not sure where that takes them. if we could clarify that it would be useful for all of us because it will help shape the rest of the response. we have a first movers coalition that has started at 25 countries and glasgow and is now up to 65 countries including major new additions like general motors and federal express to show a demand signal that they want to buy green products. in order to kick the wider marketplace into gear. we have seen how this is galvanized action. today, i cochaired with donna -- ghana, germany, france, pakistan
, indonesia, african countries, south asian countries. that will be a developing powerful force. we had an observer for brazil which is exciting. we hope they will join ultimately. each of those observers has a very special role to play in the saving of the amazon and the conservation of forests of this great nation. let me open it up to questions and i am happy to see what we can do with the time there is left. i think i am supposed to call on
folks here. valerie from reuters. >> you have been mentioning keeping the 1.5° alive but a lot of parties don't know the reference, how can the goal be kept alive if it can even be mentioned specifically? john kerry: there are very few countries that have raised the issue of not mentioning this word of that word. the fact is, and glasgow that was adopted. the language is there and i know that the president has no
intention of retreating from what was achieved and glasgow. we will have those discussions during this week but that is the adopted language of the u.n. in most countries have no intention of going backwards. jim harvey? is fiona here? >> i would like to ask, when does the united states envisage playing for damage and should developing countries also be paying into loss and damage? john kerry: the question of a facility, i don't think anyone has designed what a facility is
or what shape it might take and there are all kinds of views on what that would be. i don't think anybody, not a lot of people want to sign off on something that is not yet fully defied. we promised and we will engaged in a very real dialogue about how we do this test. it is complicated. a lot of people don't think about this fact but there are a whole lot of countries that have been burning coal for 70-80 years, he's a really tough issues here. we want to make sure that we come up with an arrangement that satisfies people that we are serious in moving forward and also, we will come out with an agreement of what the financial
arrangement should be. that may well happen and we supported this before 2024. it may be an outcome and 28 and we are very encouraging of getting this satisfactorily agreed to and move forward because there is a lot more we have to focus on including how we get full alignment from all the countries here with the basics of keeping 1.5° alive. we are totally supportive. our chief negotiator has been on top of this for months. we are making some progress on how we got the agenda item them. that is how the progress we made up to the date.
would words turn into real deeds? in the pledge we heard for africa more than $50 million. we are the most vulnerable country in the middle east, and africa. do you think this is enough? john kerry: of course 150 million is not enough. the way budgeting works in the united states, you have to get the congress to appropriate money and that obviously was not able to happen right before the election. when president trump was there
he zeroed out the money for climate. in the first year that a president comes in after our presidential election he has the president's budget. for the first year president biden had president trump's budget which had no money. this year he had 3 billion four prepare, and he is fighting to get the additional 3 billion. our budget has not been done yet. now that negotiation process will come. it usually takes into december and then we will know what the dollars will be.
in addition to the 12 billion, he has quadrupled the amount of money calling for 11.4 billion which will be fully funded by next year. we are making progress under tough circumstances. this question is exactly the reason that we are proposing this accelerator. as i travel around the world and meet with presidents of countries to say to me we would be happy not to develop gas but can you help us with technology and funding to deploy renewables? and i sit there and honestly not being able to say yes because we don't have the money get a we don't have that amount. the u.n. and boston consulting
group and mckenzie have made analysis that show that each year to affect this transition we need trillions of dollars to be spent. 2.5 trillion for the next 30 years. thus the investment that is needed. i don't know anybody who will put those trillions and yet except the private sector is ready to invest in this transition. it means not give away, put money in and then they make money. an energy project, transportation project, water project. that is the way the economies of the world have worked for years. how do you help a country in africa that has only 17% of its citizens that actually have electricity? there is no revenue stream. not enough people pay in.
that is called development and you need to be able to have concessionary money that you can put on the table to de-risk, the currency risk, political risk regulatory risk, the risks that get measured in investing. you need to be able to solve the puzzle. and if you have money to take that first risk you can deploy that transition. we put 200 million, germany put in 100 million of concessionary loans, the ebrd put in money from their trust fund. we put in money to make these loans work.
happens a g20. john kerry: i have said that the climate crisis is not a bilateral issue. no country should do anything but come to the table to help us solve a crisis that involves every nation in the world including our friends in china. we need to make this happen and we are just sitting tight and we see where we go. lisa friedman from the new york times. >> back to lawson damage, has there been any change in the u.s. position on a new financing facility, if not, why not? do you see any political ramification where the u.s. to
agreed to find a new facility here? john kerry: we are not at a facility discussion yet. the well-known fact is that the united states and many other countries will not establish some sort of legal structure that is tied to compensation or liability. that's just not happening. what we need to do is figure out -- we are percent ready, president biden said we will deal with what is endemic. that's why it's on the agenda and we want to come to closure on it and we will find a way to be able to have financial arrangements that reflect
reality of how we are all going to deal with the climate crisis. that is what these meanings are all about. last question, you have to identify yourself. >> i am from channel one, egyptian television. at this crucial summit with the theme of together for innovation. how do you change your position into action and opportunities for collaboration and cooperation especially regarding
projects that contribute to possibilities with interaction with local communities. john kerry: that is at the heart of the central question we are asking. president biden put $500 million in order to accelerate this project with egypt to accelerate. we engaged with their ministry for over a year to help to work with this program. we sent 40 american businesses to come over here several months ago led by ambassador david thorne and they met with their ministers and produced a number of real projects that are going forward and we are very anxious to work with egypt going forward. i am confident that given what is happening in egypt in terms of stepping up on climate, there
will be more. they are sending this down. i don't want to abuse the rules. thank you all very much. >> c-span is your unfiltered view of government. funded by these television companies are more including buckeye broadband. buckeye broadband support c-span as a public service along with these other television providers, giving you a front row seat of democracy. sunday on q&a.
former boston globe reporter john farrell author of john kennedy, a life takes a look at the kennedy political dynasty and the tragedies surrounding ted kennedy including the car accident. >> when a cousin and another aide found him the following morning he was having breakfast at the regatta and they asked him if he had reported it and he said no, we are going with the story that she was driving the car. and they said, you can't do that. they still did not go to the police. they went to a phone so they could call other advisors and while they were doing that, they saw an ambulance in a hearse going over the bridge to the ferry and knew they only had
about 15 minutes to get to the police and make some kind of report which in its own way was candid. he said, i was the driver of that car. >> john farrell and its book, ted kennedy. you can listen to q&a and all of our podcast on the free c-span now cap. ngress returns for legislative work on monday. they will continue their talks inhe house. federal funding is seto expire next month. vote on more of president biden's judicial nominees. watch more coverage on c-span, e senate on c-span2. you can watch online at