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John Kerry, United States Special Presidential Envoy for Climate speaks on the phone at the COP26 UN Climate Summit Friday, 12 November, 2021. US climate envoy John Kerry told reporters that trying to curb global warming while governments spend hundreds of billions of euros supporting the fuels that cause it was "a definition of insanity".įinancial support is also hotly debated, with developing countries pushing for tougher rules to ensure rich nations whose historical emissions are largely responsible for heating up the planet, offer more cash to help them adapt to its consequences.
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'Insanity'įossil fuel subsidies remain a bone of contention. This would effectively set the benchmark to measure future climate pledges.Ĭurrently, countries' pledges would see global emissions increase by nearly 14 per cent by 2030 from 2010 levels, according to the UN. The latest draft acknowledged scientists say the world must cut carbon dioxide emissions by 45 per cent from 2010 levels by 2030, and to net zero by "around mid-century" to hit the 1.5C target. To increase pressure for a strong deal, protesters rallied outside the COP26 venue, where activists had hung ribbons with messages imploring delegates to protect the Earth.
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Saudia Arabia, the world's second largest oil producer and considered among the nations most resistant to strong wording on fossil fuels, said the latest draft was "workable".Ī final deal will require the unanimous consent of the nearly 200 countries that signed the Paris accord. Unlike many other nations, Australia’s negotiators have not been providing updates on the progress of talks, nor have they explicitly stated the elements of the draft they want changed. Some thinktanks were more upbeat, pointing to progress on financing to help developing countries deal with the ravages of an ever-hotter climate.ĬOP26 draft agreement urges stronger climate action but weakens rhetoric on fossil fuels "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." "It could be better, it should be better, and we have one day left to make it a lot, lot better," Greenpeace said. That dismayed some campaigners, while others were relieved that the first explicit reference to fossil fuels at any UN climate summit was in the text at all, and hoped it would survive the fierce negotiations to come. The latest proposal included slightly weaker language than a previous one in asking states to phase out subsidies of the fossil fuels - coal, oil and gas - that are the prime manmade cause of global warming. Nations are currently required to revisit their pledges every five years. The draft retained its most significant demand for nations to set tougher climate pledges next year, but couched that request in weaker language than before, while failing to offer the rolling annual review of climate pledges that some developing countries have sought. "China thinks the current draft still needs to go further to strengthen and enrich the parts about adaptation, finance, technology, and capacity building," said Zhao Yingmin, the climate negotiator for the world's largest greenhouse gas emitter. The new draft is a balancing act - trying to take in the demands of the most climate-vulnerable nations such as low-lying islands, the world's biggest polluters, and countries whose exports of fossil fuels are vital to their economies. Watch the viral Tuvalu COP26 climate plea recorded from the ocean