Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

COP26: Climate talks into overtime as nations near deal

COP26: Climate talks into overtime as nations near deal

The COP26 summit has passed its scheduled finishing time, as negotiations on a deal to avert the worst impacts of climate change continue into Saturday.

Sticking points include subsidies for coal and other fossil fuels, and financial help to poorer nations.

On Friday, envoys from small island nations threatened by rising sea levels said their land was fast disappearing.

The conference president, Alok Sharma, urged an injection of "can-do spirit".

Scientists say that limiting warming to 1.5C compared to pre-industrial levels will protect us from the most dangerous impacts of climate change. It is a key part of the Paris agreement that most countries signed up to.

Meeting the goal requires global emissions to be cut by 45% by 2030 and to zero overall by 2050. One example of the impact of global temperature rise above 2C is the death of virtually all coral reefs, scientists say.

A draft agreement released early on Friday included watered down commitments to end the use of coal and other fossil fuels. While that was criticised by campaigners, some observers highlighted that this would be the first time coal was explicitly mentioned in UN documents of this type.

The revised text also asked for much tighter deadlines for governments to reveal their plans to reduce greenhouse gas emissions.

Speaking from London, UK Prime Minister Boris Johnson said rich countries must put more "cash on the table" to help the developing world move away from fossil fuels.

Also on Friday, the climate minister of Tuvalu, which is particularly vulnerable to rising sea levels, made an emotive plea, saying his nation was "literally sinking".

"It is a matter of life and survival for many of us, and we implore that Glasgow must be the defining moment. We must not fail," Seve Paeniu said, to a rapturous reception.

Mr Sharma said a formal plenary to adopt the final decisions of the summit would be held on Saturday afternoon.


Climate finance, or the money promised by richer countries to poorer countries to fight climate change, continues to be one of the most contentious points. In 2009, developed nations pledged to provide $100bn per year to emerging economies by 2020. But this target was not met.

Despite the promises made at COP26 so far, the planet is still heading for 2.4C of warming above pre-industrial levels, according to a report by Climate Action Tracker.

What has been agreed at COP26?


A series of agreements between groups of countries have been announced so far:

* In a surprise announcement, the US and China agreed to work together this decade to limit global temperature rise to 1.5C

* More than 100 world leaders promised to end and reverse deforestation by 2030, including Brazil, home to the Amazon rainforest

* The US and the EU announced a global partnership to cut emissions of the greenhouse gas methane by 2030 - reducing methane in the atmosphere is seen as one of the best ways to quickly reduce global warming

* More than 40 countries committed to move away from coal - but the world's biggest users like China and the US did not sign up

* A new alliance that commits countries to setting a date to ending oil and gas use - and halting granting new licences for exploration - was launched


Life at 50C: Lytton - the Canadian town that burned down in a day


AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party
Zelensky Faces Kyiv Protests Over Ousting of Dynamic Ukrainian Defense Minister
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty
Hungary's "Puppet" President to Be Ousted, Orbán Fumes: "Democracy Is Dead"
Forget Tinder: The Surprising Platform Where People Find Love
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
The Physical and Electronic Barriers Disrupting Domestic Wireless Networks
France and Morocco Open World Cup Quarter-Finals as Collina Defends Refereeing
Tech Pulse: The Future of AI and Screen Culture
Global News Briefing: Escalating Geopolitical Tensions and Corporate Shakeups
Global News Brief: Escalating Conflicts, Public Health Crises, and World Cup Drama
French Court Allows Le Pen to Run for Presidency, but with an Electronic Tag: "I Will Appeal, and I Will Run"
$1.4 Trillion: The Lawsuit That Could Crush Meta
Europe's Growing Struggle with Extreme Heat and Air Conditioning
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Logic Flaw in Windows 11 Permission Architecture Silently Consumes Hundreds of Gigabytes of Local Storage
Apple Advances Late-Stage Operating Systems with Fourth Beta Deployments
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
×