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“It’s one minute to midnight and we need to act now,” the UK’s Prime Minister Boris Johnson will declare on Monday as he seeks to stir world leaders into dramatic action at urgent UN climate talks.

At the COP26 opening ceremony, the prime minister will say humanity has “long since run down the clock on climate change”, warning that if we don’t get serious today, “it will be too late for our children to do so tomorrow”.

Mr Johnson will call for action from the audience of more than 120 world leaders on “coal, cars, cash and trees” – his signature shorthand for four priority areas for COP26. They roughly translate to phasing out coal, accelerating the transition to electric vehicles and ending deforestation, as well as stumping up climate finance to help developing nations on the frontline of the climate crisis.

The prime minister will use his speech in Glasgow to announce a further £1bn of UK aid for climate finance over a five years, bringing the total to a “world-leading” £12.6bn by 2025 – subject to the economy growing as forecast.

Environmentalists welcomed the new funding for climate finance, a longstanding thorny issue in negotiations, but said the figure was overshadowed by earlier UK cuts to foreign aid.

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Tom Burke, chairman and co-founder of think tank E3G, said: “this looks much more like managing today’s headlines than managing the climate crisis.”

Richard Black, senior associate at ECIU, said the proviso on economic growth may “strike the poorest countries on Earth as deeply ironic” given they need climate finance precisely because their own economies are suffering from climate change impacts driven by emissions from developed countries.

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If COP26 fails ‘then the whole thing fails’

He also said that France, Germany and Japan are already providing greater sums than the UK, “and this relatively small increase won’t change that”.

Last week a report revealed that developed countries would not mobilise the $100bn goal for public and private finance until 2023.

World leaders will also today hear from Prince Charles, who will call for a “war-like footing” to tackle the climate crisis, and Sir David Attenborough, who has described these talks as the last chance to prevent “runaway” global warming.

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Leaders will then throughout Monday and Tuesday deliver statements on their own climate action. These announcements will provide the fuel to see through the rest of the talks over the next two weeks, as negotiators and ministers seek side deals on things like phasing out coal or financing adaptation, which means helping poor countries with the infrastructure to cope with the impacts of global heating.

It is expected that we will hear statements from US President Joe Biden, Charles Michel, president of the European Council, Ursula von der Leyen, president of the European Commission, Indonesian President Joko Widodo, French President Emmanuel Macron and Turkey’s President Recep Tayyip Erdoğan, among many others.

Momentum going into the talks was modestly boosted by the G20 meeting over the weekend, where 20 major economies agreed to end international coal finance this year, following similar commitments by G7, South Korea, Japan, China, and OECD.

There was also a new stronger consensus about the need to limit warming to 1.5C rather than a previous upper limit of 2C.

Science has recently become even clearer that we will still experience extreme weather and human suffering even at 1.5C and that we should therefore keep warming as low as possible and under the lower limit. The world is currently on track for 2.2-2.7C of warming.

However the G20 was less clear on how they would phase out fossil fuel subsidies and domestic coal use, or how they would mobilise climate finance.

Alex Scott, E3G’s climate diplomacy lead, called the agreement on 1.5C “significant”, saying it gives a “clear sense of direction” for COP26. But she said they hardly made it “crystal clear” how these promises would be put into practice, making it difficult for COP negotiators come up with the answers.

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What will be discussed at COP26?

For full coverage of COP26 watch Climate Live on Sky channel 525.

Follow live coverage on web and app with our dedicated live blog.

Get all the latest stories, special reports and in depth analysis at skynews.com/cop26

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Bitfinex database breach ‘seems fake,’ says CTO

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<div>Bitfinex database breach 'seems fake,' says CTO</div>

Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he “couldn’t find any request.”

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Labour taking ‘Tory crown jewel’ feels like a momentum shift

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Labour taking 'Tory crown jewel' feels like a momentum shift

It was a wafer-thin victory, but a huge win.

The symbolism of Labour taking the West Midlands mayor, a jewel in the Tory crown, could be felt in the room as Labour activists gathered in Birmingham to celebrate the win with their new mayor Richard Parker and Labour leader Sir Keir Starmer.

There are moments on election journeys when the momentum shifts – and this win felt like one of them.

“We humbly asked [the voters] to put their trust and confidence in a changed Labour Party and they did. And that is a significant piece of political history that we’ve made here today,” said Sir Keir at his victory rally.

“So the message out of these elections, the last now the last stop before we go into that general election, is that the country wants change.

“I hope the prime minister is listening and gives the opportunity to the country to vote as a whole in a general election as soon as possible.”

Labour leader Sir Keir Starmer celebrates with the new West Midlands mayor Richard Parker. Pic: PA / Jacob King
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Labour leader Sir Keir Starmer celebrates with the new West Midlands mayor Richard Parker. Pic: PA / Jacob King

This win gave them the boost that was missing when they won the Blackpool South by-election on a massive 26-point swing, but then failed to pick up the hundreds of council seats they were chasing.

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This win, on just 1,508 votes or 0.25 per cent of the vote, was a body blow for a Conservative party that believed they could just about cling on. Ben Houchen, the Tees Valley mayor, is now the last Tory standing.

For Labour, then a moment to bookmark.

Andy Street after losing the mayoral race for the West Midlands. Pic: PA / Jacob King
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Andy Street after losing the mayoral race for the West Midlands. Pic: PA / Jacob King

Just as Boris Johnson’s Hartlepool by-election win in 2021 was a low point for Sir Keir – he told me this week that he considered resigning over the loss because he thought it showed he was the barrier to Labour’s recovery – this too will feel devastating not just for Andy Street but for the PM too.

Labour has beaten him in a street fight. He’s bloodied with Sir Keir now emboldened.

“This was the one result we really needed,” said one senior Labour figure. “It’s been our top focus for the past week and symbolically a very important win.”

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Analysis of local election and mayoral results

And Labour needed the boost, because, as Professor Michael Thrasher pointed out in his Sky News’ national vote share projection calculated from the local election results, Sir Keir was not picking up the sort of vote share that Tony Blair was winning in the run-up to the 1997 Labour landslide.

His latest calculation of a 35% vote share for Labour and 26% for the Tories, put Sir Keir winning a general election but short of a majority.

Read more:
Conservative Andy Street suffers shock loss
Charts tell story of Conservative collapse
Analysis: Labour’s future success is less clear-cut

What the West Midlands mayoral win did for Sir Keir was to give him a clear narrative that he is coming for the Tories and will do what he needs to take them down.

It raises inevitable questions about what is next for Rishi Sunak. The prime minister had nowhere to go today, not one win to celebrate. The worst performance in council elections in 40 years, was already pretty much as bad as it gets before the loss of Andy Street. The former Conservative mayor was magnanimous towards the prime minister, saying the loss was his alone.

Defeated Andy Street followed by victor Richard Parker. Pic: PA / Jacob King
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Defeated Andy Street followed by victor Richard Parker. Pic: PA / Jacob King

But colleagues will not be so generous. One former cabinet minister said this loss was “devastating”. “We’re done and there’s no appetite to move against him,” said the senior MP. Many Tories tell me they are now resigned to defeat and believe Mr Sunak and his team needed to own it, rather than the rest of the party.

The coming days might be bumpy, the mood will be stony. But Tories tell me not much will actually change for them.

For Sir Keir, he now needs to sell not the changed Labour Party, but his vision for changing the country. The West Mids mayor’s win was dazzling, but it could have so easily gone the other way. And as Mr Sunak fights to survive, Labour still has to fight hard to win.

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CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4 

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CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4 

CZ gets four months in prison, Gary Gensler had Ether as security for at least 1one year, and the FBI targets crypto mixers.

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