Energy Price Surge Threatens U.N. Climate Pledge

PARIS—A United Nations settlement to speed up greenhouse gasoline cuts this yr has stalled, in line with some negotiators, as many of the world’s greatest emitters have accomplished little to observe by way of on the deal because it was struck seven months in the past on the climate summit in Glasgow, Scotland.

The surge in global energy prices and the war in Ukraine have prompted main economies to extend their investments in fossil fuels. China, the world’s greatest carbon-dioxide emitter, produced extra coal than ever final yr and accepted plans this yr to construct a minimum of 5 new coal-fired energy crops. In the U.S., gridlock in Congress has stymied the Biden’s administration’s local weather laws.