Berliner Boersenzeitung - UK's Sunak U-turns on attending COP27 in Egypt

EUR -
AED 4.228057
AFN 74.832966
ALL 94.116967
AMD 419.396258
AOA 1056.871121
ARS 1714.164117
AUD 1.639071
AWG 2.073735
AZN 1.953699
BAM 1.954799
BBD 2.309418
BDT 141.597523
BHD 0.43236
BIF 3404.80585
BMD 1.151276
BND 1.477135
BOB 13.501854
BRL 5.847789
BSD 1.146663
BTN 109.658728
BWP 15.6683
BYN 3.355337
BYR 22565.003974
BZD 2.306119
CAD 1.613922
CDF 2619.152068
CHF 0.928739
CLF 0.027074
CLP 1065.562905
CNY 7.777155
CNH 7.766615
COP 3596.216919
CRC 521.310524
CUC 1.151276
CUP 30.508806
CVE 110.21146
CZK 24.226408
DJF 204.186618
DKK 7.475429
DOP 66.732944
DZD 152.795666
EGP 58.796453
ERN 17.269136
ETB 185.073431
FJD 2.551682
FKP 0.866484
GBP 0.85591
GEL 3.010591
GGP 0.866484
GHS 13.398909
GIP 0.866484
GMD 85.194628
GNF 10065.105
GTQ 8.749749
GYD 239.903037
HKD 9.029703
HNL 30.91213
HRK 7.535442
HTG 149.921542
HUF 362.564336
IDR 20804.703409
ILS 3.528614
IMP 0.866484
INR 109.868888
IQD 1508.171184
IRR 1583004.104973
ISK 142.608344
JEP 0.866484
JMD 181.349299
JOD 0.816278
JPY 184.867828
KES 148.940611
KGS 100.678756
KHR 4651.154164
KMF 495.62215
KRW 1654.325489
KWD 0.356723
KYD 0.955553
KZT 543.929066
LAK 26110.932968
LBP 102679.699667
LKR 385.144426
LRD 207.559168
LSL 19.123124
LTL 3.399418
LVL 0.696396
LYD 7.338925
MAD 10.804146
MDL 20.192261
MGA 4953.362803
MKD 61.493524
MMK 2417.498572
MNT 4140.245065
MOP 9.264655
MRU 46.177591
MUR 54.363099
MVR 17.798526
MWK 1998.61445
MXN 19.969574
MYR 4.70596
MZN 73.578298
NAD 19.123083
NGN 1563.904192
NIO 42.195287
NOK 10.986632
NPR 175.44158
NZD 1.961066
OMR 0.44266
PAB 1.146713
PEN 3.901767
PGK 5.059037
PHP 70.650909
PKR 318.450169
PLN 4.307954
PYG 6853.194519
QAR 4.195481
RON 5.244863
RSD 117.40941
RUB 91.784718
RWF 1687.862754
SAR 4.296176
SBD 9.30358
SCR 15.634547
SDG 690.76513
SEK 10.991747
SGD 1.478486
SLE 28.438232
SOS 655.336101
SRD 43.454895
STD 23829.082842
STN 24.485659
SVC 10.033254
SZL 19.018439
THB 38.483114
TJS 10.589955
TMT 4.040978
TND 3.395684
TRY 54.708854
TTD 7.782408
TWD 37.288207
TZS 3048.00018
UAH 51.156394
UGX 4294.727111
USD 1.151276
UYU 46.127591
UZS 13765.834309
VES 858.502152
VND 30237.105325
VUV 137.613459
WST 3.168914
XAF 655.592959
XAG 0.019704
XAU 0.000282
XCD 3.11138
XCG 2.066517
XDR 0.815347
XOF 659.68082
XPF 119.331742
YER 274.351945
ZAR 19.01394
ZMK 10362.859584
ZMW 21.41311
ZWL 370.71031
  • CMSC

    0.1200

    21.81

    +0.55%

  • RBGPF

    0.0000

    69.21

    0%

  • BCC

    -2.3000

    75.38

    -3.05%

  • NGG

    1.5100

    80.39

    +1.88%

  • BCE

    -0.6300

    21.7

    -2.9%

  • CMSD

    -0.0200

    22.02

    -0.09%

  • GSK

    -1.1500

    52.07

    -2.21%

  • RYCEF

    1.3900

    19.86

    +7%

  • RIO

    3.5200

    97.18

    +3.62%

  • VOD

    0.0100

    16.14

    +0.06%

  • AZN

    -1.9600

    171.34

    -1.14%

  • JRI

    0.1100

    12.87

    +0.85%

  • RELX

    -1.6200

    36.61

    -4.43%

  • BP

    0.9000

    44.22

    +2.04%

  • BTI

    -1.3800

    61.69

    -2.24%

UK's Sunak U-turns on attending COP27 in Egypt
UK's Sunak U-turns on attending COP27 in Egypt / Photo: JUSTIN TALLIS - AFP

UK's Sunak U-turns on attending COP27 in Egypt

Britain's new prime minister Rishi Sunak on Wednesday announced he will join the UN climate conference in Egypt after all, having provoked anger for refusing to attend the global event early into his tenure.

Text size:

Sunak had argued that "pressing domestic commitments" would keep him away from COP27 in the Red Sea resort of Sharm el-Sheikh -- after inheriting an economic crisis from predecessor Liz Truss.

But that fuelled doubts about Sunak's interest in the planetary emergency, and critics said the inexperienced leader was passing up an opportunity to rub shoulders with the likes of US President Joe Biden and European peers.

"There is no long-term prosperity without action on climate change. There is no energy without investing in renewables," Sunak wrote on Twitter.

"That is why I will attend @COP27P next week: to deliver on Glasgow's legacy of building a secure and sustainable future."

The Scottish city was the venue for COP26 under the leadership of Truss's predecessor Boris Johnson, who made climate change and ambitions to make Britain "net zero" in emissions a signature policy.

Truss cast serious doubt on that commitment with her avowed scepticism about net zero -- and blocked King Charles III from attending COP27.

The new monarch is a lifelong campaigner for the environment, and Sunak's change of heart could revive debate about whether Britain should allow him to press the climate case in Egypt.

The monarch is due to hold a pre-COP reception at Buckingham Palace on Friday for business leaders, campaigners and politicians, including US climate change envoy John Kerry.

Sunak's about-face came after Johnson, in a Sky News interview broadcast on Tuesday, confirmed he was heading to COP27 at Egypt's invitation, potentially upstaging Sunak.

- 'Phoney' -

"If the UK wants to be seen as a global leader, it needs to lead. It is only right that the prime minister attends the upcoming COP27," Oxfam GB climate lead Tracy Carty said after Sunak's U-turn.

"It is critical that the UK steps up, not only for the benefit of countries bearing the brunt of climate change, but also for its own credibility on the global stage," she said.

During his tenure, Johnson championed renewable energy as the key to a greener UK economy and its quest for net-zero carbon emissions by 2050.

But on taking office, Sunak demoted COP26 president Alok Sharma from his cabinet.

Sharma said he was "delighted" at Sunak's change of mind, but Ed Miliband of the opposition Labour party accused the new leader of being a "phoney".

"The Prime Minister has been shamed into going to COP27 by the torrent of disbelief that he would fail to turn up," Miliband, Labour's climate spokesman, tweeted.

"He is going to avoid embarrassment not to provide leadership."

The Green Party's only MP in the UK parliament, Caroline Lucas, welcomed Sunak's announcement.

"But what an embarrassing mis-step on the world stage," she tweeted. "Let this be a lesson to him -- climate leadership matters.

"Now he urgently needs to increase UK ambition on emission reduction targets & pay what we owe to global climate funds."

Britain drew criticism this week after it emerged that it has failed to make some $300 million in promised payments to international climate finance bodies.

(P.Werner--BBZ)