The president of the summit has called in particular to rich countries to raise their funding proposals, given that, without enough money, the poor cannot mitigate, adapt or even survive the climate impact.
The almost 200 states at COP26 have intensified negotiations on Thursday in order to close an agreement in the fight against climate change, with the challenges of accelerating the reduction of emissions in the short term and increasing financing to developing countries that suffer the effects of warming without instigating it.
The president of this UN climate summit, the British Alok Sharma, has recognized today that, although “there has been progress” since the beginning of October 31, “much work remains to be done” to reach a consensus on the supposed deadline of Friday, when a roadmap should be disseminated to try to limit the rise in temperature to 1.5 degrees this century above pre-industrial levels.
In a press conference, Sharma has called in particular to rich countries to raise their financing proposals, given that, without enough money, the poor cannot mitigate, adapt or even survive the climate impact – which in turn has repercussions on global efforts.
The French diplomat Laurence Tubiana, considered the “architect” of the historic 2015 Paris Agreement, regretted today, in a meeting with journalists, that the European Union (EU) “is not being more visible” in these negotiations, despite having “a good green agenda “.
“I am disappointed by this inexplicable lack of leadership”, said Tubiana, who has urged the European bloc to push to increase between 2021 and 2025 “beyond the 100 billion dollars (87 billion euros) promised” financing to countries with fewer resources, and expand the proportion devoted to adaptation.
Good news today was the creation of an alliance of eleven countries, led by Costa Rica, who are committed to stopping oil and gas production.
On the joint statement announced Wednesday by United States and China To accelerate its efforts against climate change, the spokesperson for Energy and Climate of the environmental organization WWF, the Peruvian Manuel Pulgar Vidal, has highlighted its “political significance” by putting the two largest emitters on the planet on the same side, although he recalled that you have to translate it into actions.
One of the pending issues at this COP is to properly address the cost that climate change has for many poor countries in the world, especially the islands.
Diego Pacheco, Bolivia’s chief negotiator representing the Group of Like-Minded Developing Countries (LMDC), stressed today that developed states “have the responsibility” for their past emissions that allowed them to enrich themselves.
“60% of the carbon budget is the responsibility of developed countries and their population is only 16%,” he has maintained.
With one day to go until the end of COP26, China is still not giving its arm to try to push for a date to end coal. For its part, India, which is currently the third largest emitter of CO2 globally, has also indicated that it opposes the guideline proposed in an initial draft of the Glasgow agreement to “accelerate the phase-out of coal and subsidies for fossil fuels, “while demanding more funding from rich countries before making a stronger climate commitment.
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