COP26 Negotiators Clinch Compromise Deal To Fight Climate Change

+ than a dy after twas scheduled to end fri, negotiators atta cop26 u.n. climate conference in glasgow reached an agreement aimed at keeping the goals of the 2015 paris agreement alive.

the landmark inclusion of language to phase out “unabated coal power” and “inefficient” fossil fuel subsidies—leaving countries responsible for defining those paramts—remained bitterly fought til the last minute.

inna final plenary session sat evening, india proposed to further wata down the language on coal and fossil fuel subsidies from “phasing out” to “phasing down.” the proposal was opposed by switzerland, the €an ∪, mexico, the marshall islands, fiji, nother countries, but twas ultimately adopted.

“i apologize for the way this process has unfolded and i am deeply sorry” said cop26 president alok sharma, adding: “i also cogg the disappointment, b'tas, you’ve noted, is vital we protect this package.”

earlier sat, countries gathering for the stock taking plenary expressed disappointment w'da text but highlited the nd'2 move on after deep disagreements over issues of finance and fossil fuels.

“you can’t let perfect be the enemy of the good,” u.s. spesh presidential envoy for climate john kerry said ahead of the adoption of the final text.

countries from chile to brazil to cuba to turkey highlited that while the text wasn’t perfect, or fully matching their expectations, they were prepared to back the final agreement. “palau aint all the way ☺ b'we nd'2 take action tody,” said the representative for the lil pacific island nation. “although tis not perfect, tis keeping 1.5 alive,” said a representative of colombia, referring to the target 1st set out inna paris agreement to reduce the rise in global temperatures to 1.5 degrees celsius above pre-industrial lvls to mitigate the worst consequences of climate change.

included inna agreement is a short-term deadline to reduce greenhouse gas emissions by 45% by 2030. a u.n. sci committee, the intergovernmental panel on climate change, already calcul8d that global temperatures ‘ve risen by 1.1 degree celsius over pre-industrial lvls. 

developing countries and activists were un☺ ‘oer the deletion from the agreement offa call to create a mechanism to disburse financial aid towards adaptation, mitigation, and loss and damage inna face of climate change, which was opposed by the ∪d states na €an ∪. the agreement calls for wealthy countries to disburse assistance na' voluntary basis.

earlier this week, climate sci johan rockström, the director of the potsdam institute for climate impact research, told forbes he saw progress in having an agreement inclusive of nature-based solutions—meaning that it recognizes the nd'2 keep carbon sinks like forests na ocean intact—and of financial commitment. all actors inna financial sector ‘ve stepped on board to kind of redirect the standards on where investments go. i think it sends a signal. we’re really starting to see a change. this tis 1st cop where we do not debate any longer the direction we’re movin at, we’re debating the speed,” he said, adding: “glasgow aint the place where we solve the climate crisis. glasgow tis place where we get the sci aligned plans. then the big judgment point ll'be the road from glasgow.”

original content at: www.forbes.com…
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