The negotiation of COP26 is extended beyond the foreseen term

Negotiations to reach an agreement at COP26 will be extended beyond the deadline for the closing, which was set for 6:00 p.m. this Friday, November 12, has confirmed the president of the United Nations climate summit, former British minister Alok Sharma.

Because there are “pending issues” to agree on a final document, Sharma has decided to convene a new plenary at a time that has not yet been confirmed, when it will be checked if positions have been approached, after which it hopes to present a draft of revised text that I hope can be approved tonight.

“I hope that we will be able to quickly find solutions to the pending issues and my intention is to publish clean versions of the relevant texts later so that the parties can carefully evaluate them and ultimately, I hope, adopt them tonight,” he said.

According to the agency EFE, The 197 parties participating in COP26 are trying to agree on measures to limit global warming to 1.5 degrees this century above pre-industrial levels, which must be accompanied by financial support for the developing territories that suffer the most from the effects of climate change. without having instigated it.

The British presidency released a draft final agreement this morning that has generated mixed reactions.

While some analysts see a more balanced text between the demands to reduce emissions and the proposals for financing poor countries, environmental NGOs regret that the references to the end of hydrocarbons have been diluted in this document compared to another published on Wednesday .

One of the main obstacles to reaching agreements is finding sources of financing for the actions necessary to combat climate change in less developed countries. For this reason, the British Prime Minister, Boris Johnson, asked the rich countries to put “money on the table.”

“That’s what needs to happen in the next few hours,” Johnson explained. “We cannot solve everything at the COP, but we can start.”

At the negotiating table, a promise to finance $ 100 billion annually is pending. This figure, which was to be reached in 2020, and which in principle is only the basis for future aid, will only be regularized in a couple of years, as offered by developed countries, according to AFP.

But also the Glasgow meeting, which must develop the historic Paris Agreement of six years ago, has to lay the foundations for financing after 2025.

That funding, all parties agree, has to be substantially higher, and adaptation to the effects of global warming has to play an essential part.

In addition, it is under discussion how to finance and by what amount the damages and losses caused by a phenomenon, climate change, whose responsibility the poor countries attribute to the developed ones. “People (in poor countries) need to see that there is enough money to get started,” Johnson said.

Meanwhile, the international platform against climate change CAN called for “more ambition” in the final agreement of COP26. EFE.

Gabriella Bucher, of Oxfam International, urged rich countries, most responsible for climate change, to improve their supply of finance to help the poor fight and adapt.

Both she and Jennifer Morgan of Greenpeace They also asked to approve for the first time subsidies in the concept of “damages and losses” for those territories that are already devastated by natural disasters that have contributed less than the large economies to cause.

Morgan also warned that there are pressure groups and interests that try to manipulate, to facilitate “green image washing”, the development of Article 6 of the 2015 Paris Agreement, which allows the expansion of a carbon offset market, so governments and even polluting companies could pay others to reduce the equivalent of emissions. (I)