over 50000 and this summer long the united states congress passed and i signed in law. my proposal for the biggest, most important climate bill, the history of our country. inflation reduction that includes less than i asked for by the significant amount, $368000000000.00 to support or clean electric get clean electric, our electricity. everything from on sure were offshore when to, to distributed solar 0 emissions vehicles and sustainable aviation fuels more efficient, electrified buildings, cleaner industrial processes and manufacturing climate, smart agriculture and forestry and more. look, our department of energy estimates that the new law will reduce emissions and the united states by about 1000000000 tons and 2030. while on leasing

a new era of clean energy powered economic growth. our investments in technology, from electric batteries to hydrogen, are in a spark, a cycle of innovation that will reduce the cost and improve the performers of clean energy technology that will be available to nations world wide, not just the united states. we're going to help help make the transition to a low carbon jude you're more affordable for everyone. accelerate to carbonation beyond our borders. in fact, the international energy agency recently concluded that our significant climate investment will quote help turbocharged the merge, the enter, the shewy char with turbocharged, the emerging global clean energy, clean energy economy. i was reading their quote, sorry,

is going to shift a paradigm for the united states, the entire world. it, i, we also ratified the cure golly amendment to rally the world and phasing down the production and consumption of h. f. c's, greenhouse gases that are thousands of times more damage than carbon dioxide. and just yesterday, the united states became the 1st government to require that our for our major federal suppliers disclose their emissions in climate risk and set targets for themselves that are aligned with the parish agreement. as the world's largest customer, with more than $650000000000.00 in spending last year, the united states government is putting our money where our mouth is to strengthen accountability for climate risk and resilience. these critical steps are already locking in vital investments and our infrastructure delivery, lower cost for clean energy, spurring, good pain, union jobs for american workers,

and vast environmental justice and our communities. folks were proving a good climate policy is good. economic policy is a strong foundation for durable, resilient, inclusive, economic growth is driving. progress in the private sector is driving progress around the world and some total of the actions. my administration is taking put united states on track to achieve our power agreement, gall, or reducing emissions 50 to 52 percent below 25 levels by 25 levels by 2030 let me just take a moment to emphasize how meaningful it is that i can say that i introduce the 1st recent climate legislation united states senate way back in 198636 years ago.

my commitment to this issue's been unwavering to day. finally, thanks to the actions we've taken. i can stand here as president on states of america and say with confidence, the united states of america will meet our mission is target by 2030 we're looking forward to do our port 2 words, the climate hill that the un secretary general so passionately warned about earlier this week we're not ignoring harbingers that are already here. is true so many disasters. climate crisis sitting hardest, those countries and communities that have the fewest resources to respond and to recover. and that's why last year i committed to work with our congress to

quadruple us support to climate finance and provide $11000000000.00 annually by 2024, including $3000000000.00 for adoption. that's why the fund emergency plan for a day adaptation and written, and route and resilience prepare. we call it to help more than a half a 1000000000 people in developing countries respond to climate change. we're already requested more than 2000000000 for the prepare this year. i'm going to fight to see that this and our other climate objectives are fully funded today as a down payment. we're now seeing more than $150000000.00 in initiatives that specifically support prepares adaptation efforts throughout africa, including adaptation in africa, effort, dead egypt in the united states launched together and june. this includes support or for expanding early warning system to help cover africa. broaden in access to

climate finance, providing disaster risk protection, strengthening food security, mobilizing the private sector, and supporting new training center in egypt to accelerate adaptation across the efforts all across the continent. mimus my administration is also made united states the 1st ever contributed adaptation from last year. and this year we're doubling our pledge to bringing our total commitment to $100000000.00. we're also making sure that every dollar we deliver goes as far as possible. unlike you are on lucky, larger pools of finance and the trillions and private investments, we know that will be needed folks. we're also supporting the global shield, a g 7 initiative to better protect vulnerable. so countries everywhere from climate related losses and quickly to respond to climate related damages. and the g 7 led,

partnership for global infrastructure and investment is working to meet the critical infrastructure needs a low and middle income countries with specific focus on climate. the project for facilitating and build on transparency partnership, the protections for workers and environment. one of the many projects already underway is a partnership between american firms and the government. going to invest $2000000000.00 building new solar projects in angola and everywhere. and every, like, everywhere in the world, climate adaptation in africa is working toward the energy transmissions as just means creating good jobs, spur and inclusive economic growth, and leave, you know, behind as we implement the sustainable development goals. folks. now i know this has been a difficult few years. the interconnected challenge we face can feel all consuming

the up people were seen around the world, especially rushes, brutal attack against ukraine is exasperating food shortages and energy spikes and cost increase in volatility in those energy market. driving out global inflation against this backdrop, it's more urgent than ever the we double down on our climate commitments, rushes we're only enhances the urgency of the need to transition the world office dependence on fossil fuels. true energy security means every nation means that every nation is benefit from clean, diversified energy future, no action, no action can be taken without a nation. understanding that it can use energy as a weapon. and whole, the global economy hostage must stop. and so this gathering must be the moment to

re commit our future and our shared capacity to write a better story for the world. let's bill on our global climate progress. raising both our ambition and the speed of our efforts. the science is devastatingly clear. we have to make vital progress by the end of this decade. that's why the united states is rally in the world around climate game changers. i launched one such game changer last year in the european commission, president vander line the global methane pledge. we started with the you and 8 other countries in glasgow. it grew to more than $100.00 countries. now more than $130.00 countries of sign on to cover more than half of the global methane emissions. methane is 80 times more potent than carbon, and accounts for nearly half half of the net warming we're experiencing now. so cutting methane by at least 30 percent by 2030 can be our best chance to keep

within reach at 1.5 degrees celsius target. today we're releasing updated methane emissions reduction act plan, which lays out how the united states is meeting the pledge. we're investing more than $20000000000.00 in domestic methane mitigation to do things like cap or, or from wells, leaky methane, improving industrial equipment in the oil. and gas sectors to reduce emissions. it also lays out strong regulatory actions, including including a new proposal from our environmental protection is to strengthen standards on methane across sectors, especially from super emitters. to make sure just to make sure it's not released in the communities impacting our public health, all toll the steps. all of these steps to reduce

u. s. medicine amendment us methane emissions from coverage sources by 87 percent below the levels of 2005 by 2030 folks. another game changer is conserving our natural environment, whether it's the congo basis farson peak plans here in africa, or the amazon basin and south america or forest wetlands, grasslands, in the united states, preserving nature's one most impactful climate solutions. we have some that indigenous people who have communities of known and been the stewards of these efforts for a long time and generations. they've known it here at cop 27. we are co chairing forest and climate partnership to live a real rapid strides to haul deforestation. the best part is we don't have to

develop any new technologies. we just have to make clear forest are more valuable when they're preserved than mine, they're destroyed. it's that those were able, should be shipping in to help those countries in fact, preserve those great force. we're bringing together partners across the public and private sector philanthropic sectors to put health a healthy ecosystem at the heart of healthy economies. this is going to take all of this could take all of us. we need to harness our capacity to tackle emissions and economic sectors like international shipping. if the shipping sector were to stand alone economy for a stand alone economy, it would rank as the 10th largest emitter in the world. so together with nora, where in the united states is launched the green shipping challenge. during this

com, we've seen dozens of commitments from governments as well as ports and private companies to facilitate green shipping carters and aligned the sector with a 1.5 degree goal. if we can accelerate actions on these game changers, we can reach our goal. we can keep it within range as well, but to permanently bend the emissions curve. every nation has these a step up. at this gathering, we must renew and raise our climate ambitions. united states is acting. everyone has to act as a duty and responsibility of global leadership. countries that are in a position to help should be supporting developing countries so they can make decisive climate decisions. facilitating their energy transitions, building a path to prosperity and compatible with our climate imperative. countries can

finance coal in developing countries. there's no reason why we can't find it. clean energy and development companies. pleased to announce today along side the european union in germany. a $500000000.00 package to finance, facilitate egypt transition to clean energy. this package will enable agent to deployed 10 gigawatts of renewable energy by 2030 while bringing offline 5 gigawatts of inefficient gas powered facilities, reducing emissions in egypt and power sector by 10 percent. we also will also work with egypt to capture nearly 14000000000 cubic meters of natural gas, which is currently flares vents or leagues from its oil and gas operations. and because of this cooperation,

egypt is elevated as climate ambition and submitting an enhanced national determination contribution. if we're going to win this fight, every major emitter nation needs to align with the 1.5 degrees. we can no longer plead ignorance to the consequences of our actions or continue to repeat our mistakes. everyone has to keep accelerating every throughout this decisive decade. my friends, i came to the presidency, determined to be to try and make the transfer formula transfer for rational changes that are needed near that american needs to make. and we have to do for the rest of the world to overcome decades of opposition and obstacles of progress. and this issue alone to re establish the united states as a trustworthy, committed global leader on climate. as i stand here before you, we've taken an enormous drive to achieve

board. i don't. standard role is progress being driven by young people all across america, like young people around the world. they feel the urgency of climate and feel deeply they're committed to these issues. they know the stakes, and that's their world we're creating is not to stand by and allow us to fail. in this responsibility we can. that's why i look out of all the things that live we've accomplished so much more to do. i'm optimistic for all the work to remains to be done. we have to put down significant markers of progress. the united states is taken in during steps to meet our holes. we're delivering on our promise of leadership more and more in the world. standing with us are determined, diplomacy is necessary, we're finding consensus, building understanding and launching new approaches and the inspiring passion of

young people. civil society, climate activists, indigenous communities is literally galvanizing the world. yes, the challenge we face are great, but our capacity is greater than the challenge. we must never doubt that. so let's reach out. take the future in our hands and make the world we wish to see that we know we need a plan of preserve for generations to come. an economy powered by claim diversified, secure energy sources, opportunities unlocked through innovation and cooperation to deliver equitable, more prosperous, more stable, and more just world for our children. that's why we're here. that is what we're working toward. and we can do it together. i'm confident. thank you. thank you. thank you. and may god bless you all

the top 171 a conference taking place in summer. se egypt, he delivered a speech insisting that the us will meet its climate targets by 2030. but he said that every country must align with the 1.5 degree. ah, warming target for the world with me in the studio is our climate reporter object neuron. john, get your thoughts on present by the speech to the climate summit. there weren't very many surprises unless he explained and reiterated the u. s. commitment to keeping to the power agreement on climate change to cutting its fossil fuel pollution. if greenhouse gas pollution fast enough to get the, he put forward some a couple of new bits of money, including announcing this $150000000.00 for adaptation,

early warning systems in africa. what may be interesting to note is that he made almost 0 reference to kind of the demand, the book, the poor countries for payment, for loss of the damages. the extreme weather events made worse by climate change. i think the one reference i caught in there with he mentioned that he thought of the g 7 group of convert countries that support the global shield, which the product can buy. germany, which to boil it down to the most basic elements. it's a bit like an insurance scheme, so saying to poor countries who are facing stronger coastal floods than hot heat waves, wealth be putting in money to help you insure yourselves against these disasters. but if not quite the fate, it's not at all the same as saying we're going to pay for the destruction that we've had was he also highlighted a few kind of more broader points, what the international community and other countries need to do. so i mean, he said very clearly about this 1.5 degrees celsius target. we can no longer plead ignorance. and i mean that's something that countries across the world have been

experiencing this whole last year. how to heat waves, extreme floods on coast with sea level, the highest of the storm, so much stronger tropical cycling is a growing stronger one of the things being felt and live by people around the world . and i think by it an address that partly in encouraging other nations by kind of stressing that every nation needs to stress, needs to step up. sorry. yeah. which is, i guess something where other countries will be looking at the u. s. and saying, well, i mean, have the u. s. that up to the plate by them in the speech emphasized that he passed one of the landmark climate bo, with, as he said, $368000000000.00 us dollars, which he said was less than he asked for. but stress that this would unlock a lot of investment in clean energy that would then bring cost down to the rest of the world, right there was in his inflation reduction act out on the got through. i was wondering what you think of his urging the world to stick to the 1.5 degree warming

target, because many climate scientists are saying we're simply, we're going to be well over that. exactly. the carbon budget to stay within that target is vanishingly small. every year that we're letting go past without peaking our fossil fuel to mention drastically dropping the amount of fossil fuel to burning the cold. oil and gas makes this target even less and less and less likely . now, it is still achievable. it's important to stress that climate scientific clair, on the throne. physically, it is possible if a political action happening together. and one thing that's important his up by that did say, i mean he emphasize again that they are on track to cut their missions by about 50 to 50 percent of 2005 levels by the end of the decade. that's just it 78 years away . and that's something way independent analysts from climate scientists like action track of looked at kind of the inflation reduction that to the other things you're

doing and are not expecting that to deliver on its own, those emissions cuts. as you thank you very much for now, are getting around john from our climate as well. also watching president joe biden speech at the climate summit was our washington bureau chief in as poll who join just now in general. what does you at us climate policy look like and did joe biden give it a good showing that? but terry has changed dramatically under the joe biden administration under the trump administration. there were basically climate change deniers in the white house and throughout the different offices by joe joe biden from day one on really took this topic seriously. he put in for the 1st time in history, a climate change czar or with john kerry, a very experienced politician. so joe biden himself takes it very seriously,

but as, as you just mentioned, it's hard for him to get support, not only from the republicans, but also i with in his own a party, the support he really ones. and he really would need to fulfill his a goals, so he's on it, but it is not easy given the razor thing majority is he had until this mid terms in both houses talk to a seniors about her, the results of the mid term elections goes. we know that the republicans gained seats in the house of representatives, were sure it looks like the house might go to the republicans. will it be more difficult for joe biden to implement what he calls ambitious climate sir? targets there with a, with a split congress. right. terry, i mean, and the expectations were much grimmer than they, than the results actually are from a democratic perspective to buy it and was prepared to go to the climate conference

or by knowing that he lost both houses. now it looks like it's very possible that he keeps the senate but probably loses or the house. however, the midterm election were driven by the question of climate change. young borders played a crucial roshan role and for them here in the united states as pretty much all over the world are fighting the climate catastrophe matter. so he has some support from, i would say, from the american people to keep moving on his a climate change ideas. however, it will be harder in the house to get the funding for the for that. so therefore, he also addressed to the factor of that to not only he and the united states, but every other country really needs a private entities private companies to jump in here. that all the changes can't

only be deducted or conducted by politics. does the us really have a lot of credibility when it comes to fighting global warming, given that it has such inconsistent policies from one presidential administration to the next and that it's still one of the world's biggest greenhouse gas polluters? that's a very good question. and i think a fair question again before this mid terms. i think many, many countries really feared that trump is on his way back into the white house and bite and will be a lame duck after this november 8th election. it looks a little bit better, but having that said, it really depends on the administration and in the white house. and we all know that many, many republicans are basically outspoken climate denials. they're making fun of those who want to fight the climate catastrophe. so indeed, it's not

a country which can be a 100 percent trusted to keep on this path in a thank you very much. our washington bureau chief in his pull watching d. w is just a reminder of our top story us present. joe biden has laid out america's plans for tackling global warming. widen, has told the cop 27 summit in egypt that the life of the planet is threatened by the climate crisis. biden says the u. s. is meeting the challenge with urgency and will hit its emissions targets by 23rd watching dw, thanks for being with with

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ah ah, this is the w news coming to live from berlin. joe biden center stage at the un climate summit in egypt. the u. s. president. warren's global warming threatens the life of the planet, but he says america will meet its emissions targets by 2030 also coming up cranium forces close in.