‘Balance needed between climate issues and growth’
REGIONAL GROUP CRITICISES ‘COERCIVE MEASURES’ AS BARRIER TO GREENER ECONOMY
LEADERS of the Shanghai Cooperation Organisation (SCO) called for a “balance” between reducing carbon emissions and allowing poorer states to catch up with economically developed countries, in a joint statement on climate change adopted last Friday (16).
In the statement, the heads of some of the world’s biggest emitters – including China, India and Russia – said they unanimously recognised the negative consequences of climate change and the need for urgent action, but called for increased investment in oil and gas production and exploration.
The group also slammed “coercive measures” to force countries into reducing emissions at a set pace, saying countries “have the right to independently set national goals in the field of climate change prevention”.
“Unilateral coercive measures violate multilateral principles, seriously undermine multilateral cooperation and collective and national efforts to address climate change, and weaken the ability of countries to address climate change,” the leaders of the SCO member states said in their joint statement.
The SCO – a Beijing-led group of states across Eurasia – met in the ancient Silk Road city of Samarkand in what was Chinese president Xi Jinping’s first trip abroad since the start of the Covid pandemic.
SCO members account for around half the global population. Iran last Thursday (15) signed a memorandum of understanding to become the ninth permanent SCO member.
In the statement, SCO leaders said they were calling for a “balanced approach between emissions reduction and development, supporting a fair transition” to a greener economy.
Russia, India and China have, at times, all been accused in the West of not doing enough to address climate change. But they argue that poorer and developing countries should be given more leeway to prioritise economic growth over climate issues.
China and Russia are aiming to reach “net zero” emissions by 2060, while India’s prime minister Narendra Modi reaffirmed that his country was setting 2070 as its target.
Environmental scientists say the world as a whole needs to start reducing the amount of carbon dioxide in the atmosphere no later than 2050 to limit the average increase in the global surface temperature to 1.5ºC (2.7ºF) compared to pre-industrial levels.
The SCO pushed back against calls for a wholesale move away from polluting fossil fuels in favour of cleaner renewable energy.
“It is important ... to use the common and complementary advantages of fossil fuels and clean energy sources and, in this regard, to increase investment in the exploration and production of fossil fuels,” SCO members said.
In a swipe at the West, the SCO leaders also criticised countries that tried to “use the climate agenda to introduce measures to restrict trade and investment cooperation”.
The European Union is at the forefront of Western efforts to introduce a carbon border tax.
It is proposing to tax goods imported to the bloc in proportion to the amount of CO2 emitted during their production, in order to protect EU producers from unfair competition from manufacturers not subject to the same environmental regulations.
The tariffs could hit Russia’s vital commodity exports as well as manufactured goods from SCO members China, India and Pakistan. (Reuters)