Brazil’s President Luiz Inácio Lula da Silva. REUTERS/Mike SegarNational leaders offered little in the way of new ideas at a U.N. climate summit in New York. Brazil reinstated a stricter emissions target, and a few European countries offered relatively meager new contributions to a green climate fund, but the Climate Ambition Summit — which major emitters including the U.S., China, India, and Russia did not attend — was notable for its lack of ambition, Semafor’s Tim McDonnell notes in today’s climate newsletter. The atmosphere represented a marked contrast with the excitement, itself arguably overblown, among executives and entrepreneurs at side events during New York Climate Week. “The small steps countries offered are welcome, but they’re like trying to put out an inferno with a leaking hose,” one expert said. — To read Tim’s story, out shortly, subscribe to Semafor’s special climate week newsletter. Sign up here. |