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

EUR -
AED 4.277424
AFN 76.282379
ALL 96.389901
AMD 444.278751
ANG 2.0846
AOA 1067.888653
ARS 1666.882107
AUD 1.752778
AWG 2.096182
AZN 1.984351
BAM 1.954928
BBD 2.344654
BDT 142.403852
BGN 1.956425
BHD 0.438198
BIF 3455.206503
BMD 1.164546
BND 1.508021
BOB 8.044377
BRL 6.334667
BSD 1.164081
BTN 104.66486
BWP 15.466034
BYN 3.346807
BYR 22825.091832
BZD 2.341246
CAD 1.610276
CDF 2599.265981
CHF 0.936525
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4463.819362
CRC 568.64633
CUC 1.164546
CUP 30.860456
CVE 110.752812
CZK 24.203336
DJF 206.963485
DKK 7.470448
DOP 74.822506
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.679691
FJD 2.632397
FKP 0.872083
GBP 0.872973
GEL 3.138497
GGP 0.872083
GHS 13.3345
GIP 0.872083
GMD 85.012236
GNF 10116.993527
GTQ 8.917022
GYD 243.550308
HKD 9.065929
HNL 30.604708
HRK 7.534265
HTG 152.392019
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.554607
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.32688
JOD 0.825709
JPY 180.935883
KES 150.58016
KGS 101.839952
KHR 4664.005142
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970163
KZT 588.714849
LAK 25258.992337
LBP 104285.050079
LKR 359.069821
LRD 206.012492
LSL 19.73949
LTL 3.438601
LVL 0.704422
LYD 6.347216
MAD 10.756329
MDL 19.807079
MGA 5225.31607
MKD 61.612515
MMK 2445.475195
MNT 4130.063083
MOP 9.335036
MRU 46.419225
MUR 53.689904
MVR 17.938355
MWK 2022.815938
MXN 21.164687
MYR 4.787492
MZN 74.426542
NAD 19.739485
NGN 1688.68458
NIO 42.826206
NOK 11.767853
NPR 167.464295
NZD 2.015483
OMR 0.446978
PAB 1.164176
PEN 4.096293
PGK 4.876539
PHP 68.66747
PKR 326.50949
PLN 4.229804
PYG 8006.428369
QAR 4.240169
RON 5.092096
RSD 117.610988
RUB 88.93302
RWF 1689.755523
SAR 4.37074
SBD 9.584899
SCR 15.748939
SDG 700.4784
SEK 10.946786
SGD 1.508557
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 665.542019
SRD 44.985272
STD 24103.740676
STN 24.921274
SVC 10.184839
SYP 12877.828498
SZL 19.739476
THB 37.119932
TJS 10.680789
TMT 4.087555
TND 3.436865
TOP 2.803946
TRY 49.523506
TTD 7.89148
TWD 36.437508
TZS 2835.668687
UAH 48.86364
UGX 4118.162907
USD 1.164546
UYU 45.529689
UZS 13980.369136
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.661697
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098055
XDR 0.815205
XOF 655.061029
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.913878
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • NGG

    -0.5000

    75.41

    -0.66%

  • GSK

    -0.1600

    48.41

    -0.33%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • RELX

    -0.2200

    40.32

    -0.55%

  • BTI

    -1.0300

    57.01

    -1.81%

  • SCS

    -0.0900

    16.14

    -0.56%

  • AZN

    0.1500

    90.18

    +0.17%

  • RYCEF

    -0.1600

    14.49

    -1.1%

  • JRI

    0.0400

    13.79

    +0.29%

  • RIO

    -0.6700

    73.06

    -0.92%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BP

    -1.4000

    35.83

    -3.91%

  • BCC

    -1.2100

    73.05

    -1.66%

  • BCE

    0.3300

    23.55

    +1.4%

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)