Trade chief calls for IPEF's 'flexible, effective' role amid uncertainties
South Korean Trade Minister Ahn Duk-geun on Tuesday stressed the need to make the Indo-Pacific Economic Framework (IPEF) a flexible and effective mechanism to better respond to fast-changing global trade circumstances as member nations have prepared to launch official negotiations. Ahn made the remarks during a two-day IPEF ministerial meeting held via teleconferencing from Tuesday, which also brought together 13 top trade officials from the United States, Japan, Australia, New Zealand, India and Singapore, according to the Ministry of Trade, Industry and Energy. The two-day meeting was co-hosted by U.S. Trade Representative Katherine Tai and U.S. Commerce Secretary Gina Raimondo. The IPEF, launched by U.S. President Joe Biden in May, covers four key areas -- fair trade, supply chain resilience, infrastructure and green technology, and tax and anti-corruption. "The IPEF is meant to play a role as a flexible and effective mechanism that can respond to fast-changing trade environments appropriately and deal with emerging issues," Ahn said during the meeting.
India targets net-zero carbon emissions by 2070, says Modi
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
COP26: What climate summit means for one woman in Bangladesh
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Why China's climate policy matters to us all
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Deliver on promises, developing world tells rich at climate talks
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.