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
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Man Convicted of Fraud After Booking Over 120 Free Flights Posing as Flight Attendant
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Beata Thunberg Rebrands as Beata Ernman Amidst Sister's Activism Controversy
Hungarian Parliament Approves Citizenship Suspension Law
Prime Minister Orbán Criticizes EU's Ukraine Accession Plans
Hungarian Delicacies Introduced to Japanese Market
Hungary's Industrial Output Rises Amid Battery Sector Slump
President Sulyok Celebrates 15 Years of Hungarian Unity Efforts
Hungary's Szeleczki Shines at World Judo Championships
Visegrád Construction Trends Diverge as Hungary Lags
Hungary Hosts National Quantum Technology Workshop
Hungarian Animation Featured at Annecy Festival
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
UK and EU Reach New Economic Agreement
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
UK and EU Reach Agreement on Gibraltar's Schengen Integration
Israeli Finance Minister Imposes Banking Penalties on Palestinians
U.S. Inflation Rises to 2.4% in May Amid Trade Tensions
Trump's Policies Prompt Decline in Chinese Student Enrollment in U.S.
Global Oceans Near Record Temperatures as CO₂ Levels Climb
Trump Announces U.S.-China Trade Deal Covering Rare Earths
Smuggled U.S. Fuel Funds Mexican Cartels Amid Crackdown
Austrian School Shooting Leaves Nine Dead in Graz
Bezos's Lavish Venice Wedding Sparks Local Protests
Europe Prepares for Historic Lunar Rover Landing
Italian Parents Seek Therapy Amid Lengthy School Holidays
British Fishing Vessel Seized by France Fined €30,000
Dutch Government Collapses Amid Migration Policy Dispute
UK Commits to 3.5% GDP Defence Spending Under NATO Pressure
Germany Moves to Expedite Migrant Deportations
US Urges UK to Raise Defence Spending to 5% of GDP
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Low Turnout Jeopardizes Italy's Citizenship Reform Referendum
Transatlantic Interest Rate Divergence Widens as Trump Pressures Powell
EU Lawmaker Calls for Broader Exemptions in Supply Chain Legislation
France's Defense Spending Plans Threatened by High National Debt
European Small-Cap Stocks Outperform U.S. Rivals Amid Growth Revival
Switzerland Proposes $26 Billion Capital Increase for UBS
×