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InvestmentsUN climate talks drift into overtime in push to save 1.5 Celsius...

UN climate talks drift into overtime in push to save 1.5 Celsius goal By Reuters


© Reuters. A delegate walks previous an indication throughout the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 11, 2021. REUTERS/Yves Herman


By Kate Abnett, Jake Spring and Elizabeth Piper

GLASGOW (Reuters) – Two weeks of U.N. COP26 climate talks in Glasgow blew previous a deadline on Friday because the convention president known as on international locations to make a remaining push to safe commitments that may rein in the rising temperatures that threaten the planet.

With a deal now anticipated someday on Saturday, there remained powerful speaking to be executed on points such because the phasing out of fossil gas subsidies, carbon markets and monetary assist for poor international locations to deal with climate change.

A draft of the ultimate deal, launched early on Friday, requires international locations to set more durable climate pledges subsequent 12 months – in an try to bridge the hole between present targets and the a lot deeper cuts scientists say are wanted this decade to avert catastrophic climate change.

“We have come a long way over the past two weeks and now we need that final injection of that ‘can-do’ spirit, which is present at this COP, so we get this shared endeavour over the line,” mentioned Britain’s COP26 President Alok Sharma.

Late on Friday Sharma introduced that conferences would proceed into Saturday, and that he anticipated a deal later in the day. A revised draft of the settlement could be launched Saturday morning to kick off the final spherical of talks, he mentioned.

The assembly’s overarching goal is to maintain inside attain the 2015 Paris Agreement’s aspirational goal to cap international warming at 1.5 levels Celsius (2.7 Fahrenheit) above pre-industrial ranges, the restrict scientists say would avert its worst results.

Under present nationwide pledges to minimize emissions this decade, researchers say the world’s temperature would soar far past that restrict, unleashing catastrophic sea stage rises, droughts, storms and wildfires.

The new draft obtain is a balancing act – making an attempt to take in the calls for of probably the most climate-vulnerable nations comparable to low-lying islands, the world’s greatest polluters, and international locations whose exports of fossil fuels are important to their economies.

“China thinks the current draft still needs to go further to strengthen and enrich the parts about adaptation, finance, technology, and capacity building,” mentioned Zhao Yingmin, the climate negotiator for the world’s largest greenhouse fuel emitter.

The draft retained its most important demand for nations to set more durable climate pledges subsequent 12 months, however couched that request in weaker language than earlier than, whereas failing to supply the rolling annual overview of climate pledges that some creating international locations have sought.

Nations are at present required to revisit their pledges each 5 years.


The newest proposal included barely weaker language than a earlier one in asking states to part out subsidies of the fossil fuels – coal, oil and fuel – which can be the prime artifical trigger of worldwide warming.

That dismayed some campaigners, whereas others have been relieved that the primary express reference to fossil fuels at any U.N. climate summit was in the textual content in any respect, and hoped it might survive the fierce negotiations to come.

“It could be better, it should be better, and we have one day left to make it a lot, lot better,” Greenpeace mentioned.

“Right now, the fingerprints of fossil fuel interests are still on the text and this is not the breakthrough deal that people hoped for in Glasgow.”

Some thinktanks have been extra upbeat, pointing to progress on financing to assist creating international locations take care of the ravages of an ever-hotter climate.

Saudia Arabia, the world’s second largest oil producer and regarded among the many nations most resistant to sturdy wording on fossil fuels, mentioned the most recent draft was “workable”.

A remaining deal would require the unanimous consent of the almost 200 international locations that signed the Paris accord.

To enhance strain for a robust deal, protesters rallied exterior the COP26 venue, the place activists had hung ribbons with messages imploring delegates to shield the Earth.

The newest draft acknowledged scientists say the world should minimize carbon dioxide emissions by 45% from 2010 ranges by 2030, and to internet zero by “around mid-century” to hit the 1.5C goal.

This would successfully set the benchmark to measure future climate pledges.

Currently, international locations’ pledges would see international emissions enhance by almost 14% by 2030 from 2010 ranges, in accordance to the U.N.


Fossil gas subsidies stay a bone of rivalry. Kerry informed reporters that making an attempt to curb international warming whereas governments spend a whole bunch of billions of euros supporting the fuels that trigger it was “a definition of insanity”.

Financial help can be hotly debated, with creating international locations pushing for more durable guidelines to guarantee wealthy nations whose historic emissions are largely answerable for heating up the planet, supply extra cash to assist them adapt to its penalties.

Rich international locations have failed to meet a 12-year-old goal to present $100 billion a 12 months in so-called “climate finance” by 2020, undermining belief and making some creating international locations extra reluctant to curb their emissions.

The sum, which falls far wanting what the UN says international locations would really need, goals to deal with “mitigation”, to assist poor international locations with their ecological transition, and “adaptation”, to assist them handle excessive climate occasions.

The new draft mentioned that, by 2025, wealthy international locations ought to double from present ranges the funding put aside for adaptation – a step ahead from the earlier model that didn’t set a date or a baseline.

“This is a stronger and more balanced text than what we had two days ago,” Helen Mountford of the World Resources Institute mentioned of the present draft.

“We need to see what stands, what holds and how it looks in the end – but at the moment it’s looking in a positive direction.”

Of roughly $80 billion wealthy international locations spent on climate finance for poor international locations in 2019, solely 1 / 4 was for adaptation.

A extra contentious facet, often known as “loss and damage” would compensate them for the ravages they’ve already suffered from international warming, although that is exterior the $100 billion and a few wealthy international locations don’t acknowledge the declare.

A gaggle of weak nations together with the Marshall Islands in the central Pacific mentioned the ultimate deal wanted to do extra to deal with the query. “Loss and damage is too central for us to settle for workshops,” mentioned Tina Stege, the Marshall Islands’ climate envoy.


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