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
Senate Scrutinises AI-Driven Personalised Pricing
Spain Seeks Mainland Transfers for 1,100 Children Stranded in Ceuta
Spain and Morocco Trade Blame After 72,000 Migrants Enter Ceuta
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Europe’s Heat and Drought Are Now Disrupting Power, Shipping and Tourism
Europe’s Drying Rivers Trigger Power Cuts, Factory Shutdowns and Wildfire Emergencies
Record-Low Danube Forces Nuclear Cuts and Emergency Power Curbs
Danube Drought Forces Hungary’s Paks Nuclear Plant Into Full Shutdown
Ceuta Death Toll Rises as Spain and Europe Clash Over Border Response
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
×