Home Global warming World leaders tasked with annual $ 100 billion research and development finance to control global warming | The Guardian Nigeria News

World leaders tasked with annual $ 100 billion research and development finance to control global warming | The Guardian Nigeria News


• UN calls for swift action, Don seeks subsidized cooking gas

As more than 100 world leaders and over 20,000 delegates from around the world converged on Glasgow for the 26th Conference of the Parties (COP 26) climate change conference which kicked off yesterday, renowned global environmentalist Bjorn Lomborg , called on the leaders to stop pretending to want to fix the climate.

While accusing the G20 countries of not honoring the promise they made, alongside former US President Barack Obama in 2015, to double research and development in green energy by 2020, he wrote that nothing had hardly changed since.

Making his case against simple rhetoric in the Daily Mail’s Saturday essay, Lomborg, author of the acclaimed 2001 book The Skeptical Environmentalist, noted that there was a need to increase what is currently spent on research and development at $ 100 billion a year for better results.

Lomborg, who is also a visiting scholar at the Hoover Institution at Stanford University and chair of the Copenhagen Consensus, observed: “Right now the world spends $ 600 billion in annual climate finance. We could take a sixth and use it in the smartest way to help fix the climate. “

The reason, he said, is that: “The experts at the Copenhagen Consensus have concluded that we should increase spending on research and development to $ 100 billion a year, which doesn’t mean we have to spend more. , but just spend it smarter.

ALSO, United Nations Secretary-General Antonio Guterres said at the summit that he must act to “save humanity” and protect the planet.

He warned that “we are digging our own graves”. Topping his list of summit priorities, the UN chief said countries must keep the Paris agreement target of limiting global warming to 1.5 degrees Celsius alive.

Calling for the decarbonization of global economies and the phase-out of coal, he said world leaders need “maximum ambition” to make the summit a success.

He also urged world leaders to do more to protect vulnerable communities, adding that nearly four billion people have suffered climate-related disasters in the past decade. “This devastation will only increase,” he added.

More than 120 world leaders are meeting in Glasgow on Monday in a “last and best hope” to tackle the climate crisis and avert a looming global catastrophe.

Also yesterday, a professor of environmental management and control at the University of Nigeria, Nsukka, Christian Madu, called on President Muhammadu Buhari, who is currently attending the event, to subsidize the cost of cooking gas for low-income people in the country.

He explained that the measure was necessary to reduce the massive reliance on the use of alternatives like firewood, which the donation says endangers the environment.

Madu added that the increased awareness of the use of liquefied natural gas (LNG) should not be allowed to go back. While claiming that the oil subsidy, which was supposed to cushion the effects of rising costs, is not being passed on to low-income people, the donation raised the alarm that the skyrocketing cost of cooking gas was pushing the masses to be felled for firewood. .