Budapest Post

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

COP26 Deal Clinched As Nations Rally To Compromise

COP26 Deal Clinched As Nations Rally To Compromise

Rich countries stood accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states that are at risk of drought, rising seas, fire and storms.

Nearly 200 nations came together Saturday on a global deal to combat climate change after two weeks of painful negotiation, but fell short of what science says is needed to contain dangerous temperature rises.

Rich countries stood accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states that are at risk of drought, rising seas, fire and storms.

Britain's COP26 president Alok Sharma rounded up the marathon negotiations telling delegates: "It is now decision time. And the choices you are set to make are vitally important."

But there was last-gasp drama as China and India insisted that language on fossil fuels be weakened in the final summit decision text.

As the final deal was clinched, a tearful Sharma said "I apologise for the way this process has unfolded. I am deeply sorry," before banging down his gavel.

Delegates entered the talks charged with keeping the 2015 Paris Agreement goal of limiting temperature rises to 1.5-2C degrees within reach.

They were also tasked with finding the funding for nations most at risk of climate-related droughts, floods and storms supercharged by rising seas.

Observers said the agreement fell far short of what is needed to avert dangerous warming and help countries adapt or recoup damages from the disasters already unfurling globally.

Laurence Tubiana, the architect of the Paris deal, told AFP that "COP has failed to provide immediate assistance for people suffering now."

Sharma earlier told delegates in the final throes of marathon talks that they faced a "moment of truth for our planet, for our children and our grandchildren".

 Survival


The final text urged nations to accelerate efforts to "phase down" unfiltered coal and "phase out" inefficient fossil fuel subsidies.

Large emitters China and India had opposed the mention of the polluting fuels, and the language in the final text was significantly more nuanced than earlier drafts.

The deal also called on all countries to accelerate their emissions cuts by submitting new national plans by 2022, three years earlier than agreed in Paris.

But after resistance from rich nations led by the United States and EU, the text omitted any reference to a specific finance facility for the loss and damage climate change has already caused in the developing world.

It instead only promised future "dialogue" on the subject.

"For some loss and damage may be the beginning of conversation and dialogue," said Shauna Aminath, the Maldives environment minister. "But for us this is a matter of survival."

Although host Britain said it wanted COP26 to keep the 1.5C temperature cap in reach, a UN scientific assessment last week said countries' latest climate plans put Earth on course to heat 2.7C.

The text noted "with deep regret" that wealthy nations had also failed to stump up a separate annual sum of $100 billion they promised over a decade ago. It urged countries to pay up "urgently and through 2025".

It also promised to double finance to help developing countries adapt to rising temperatures by the same date.

 1.5C on life support


But developing nations said it was unfair for the summit to produce an unbalanced agreement heavily weighted toward "mitigation" -- how economies can ditch fossil fuels and reach net-zero emissions by 2050.

They wanted specific instruction on how they can meet the bill of decarbonising while also adapting to the natural disasters supercharged by global warming.

"We were told that COP26 was the last best chance to keep 1.5C alive but it's been placed on life support," Amanda Mukwashi, CEO of Christian Aid.

"Rich nations have kicked the can down the road and with it the promise of the urgent climate action people on the frontline of this crisis need."

The two weeks in Glasgow saw a number of high-profile announcements from world leaders, such as a commitment to slash methane emissions by 30 percent by 2030.

It also witnessed mass protests against what activists said was a dangerous lack of urgency.

Teresa Anderson, climate policy coordinator at ActionAid International, said COP26 was "an insult to the millions of people whose lives are being torn apart by the climate crisis."

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
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
UK Drought Cuts Harvests and Raises Food-Security Fears
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
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
×