Connect with us

Europe

Potential climate deal floated on disaster fund at UN talks

News Agencies

Published

on

SHARM EL-SHEIKH, Egypt (AP) —

In a potential step forward on the thorniest issue of United Nations climate talks, the Egyptian presidency is proposing establishing a fund for compensating poor nations that are victims of extreme weather worsened by rich nations’ carbon pollution.

Saturday afternoon’s proposal still needs unanimous approval and that remains to be seen as climate talks slog into overtime in the desert. A second overarching document from the climate talks leadership ignores India’s call to phase down oil and natural gas, in addition to last year’s agreement to wean the world from “unabated” coal.

According to the draft of the compensation proposal — the issue is called “loss and damage” in negotiations parlance — developed countries would be “urged” to contribute to the fund, which would also draw on other private and public sources of money such as international financial institutions. At the talks, the world’s poorest nations, which contributed little to historic emissions of heat-trapping gases, have been unified in insisting on such a fund.

“We managed to make progress on an important outcome,” said Wael Aboulmagd, who heads Egyptian delegation. “I think we’re getting there.”

However, the proposal does not suggest that major emerging economies such as China have to contribute to the fund, which was a key ask of the European Union and the United States.

It also does not tie the creation of the new fund to any increase in efforts to cut emissions, or restrict the recipients of funding to those countries that are most vulnerable, which had been an earlier proposal from the Europeans.

Two drafts released by the Egyptian presidency, on efforts to step up emissions cuts and the overarching decision of this year’s talks, barely build on what was agreed in Glasgow last year.

The texts leave in place a reference to the Paris accords less ambitious goal of limiting global warming to “well below 2 degrees Celsius (3.6 Fahrenheit)” which scientists say is far too risky.

They also don’t suggest any new short-term targets for either developing or developed countries, which experts say are needed to achieve the more ambitious 1.5C (2.7F) goal that would prevent some of the more extreme effects of climate change.

Loss and damage has been the all-consuming issue at the two weeks of talks.

The EU made a surprise proposal days earlier tying a fund for climate disasters to emissions cuts that go beyond what the 2015 Paris climate agreement calls for. That landmark deal aims to limit global temperature increases to an ambitious 1.5 degrees Celsius (2.7 Fahrenheit), and no change this year could be interpreted as not strengthening efforts.

The meeting known as COP27 opened two weeks ago and had been scheduled to wrap up on Friday but looks set to drag on through the weekend.

Earlier on Saturday government delegations and the meeting’s Egyptian hosts pointed fingers at each other.

German Foreign Minister Annalena Baerbock said responsibility for the fate of the talks “now lies in the hands of the Egyptian COP presidency.”

She said the European Union had made clear overnight that “we will not sign a paper here that diverges significantly from the 1.5 Celsius path, that would bury the goal of 1.5 degrees.”

“If these climate conferences set us back then we wouldn’t have needed to travel here in the first place,” she said.

Egyptian Foreign Minister Sameh Shoukry, speaking as the summit’s chair, deflected blame.

“The issue now rests with the will of the parties,” Shoukry said at a press conference. “It is the parties who must rise to the occasion and take upon themselves the responsibility of finding the areas of convergence and moving forward.”

He added that “all must show the necessary flexibility” in reaching a consensus, and that Egypt was merely “facilitating this process.”

In another setback, top U.S. climate envoy John Kerry tested positive for COVID-19 though he only has mild symptoms and is working by phone with his negotiating team and foreign counterparts, his spokesperson said late Friday.

Throughout the climate summit, the American, Chinese, Indian and Saudi Arabian delegations have kept a low public profile, while European, African, Pakistan and small island nations have been more vocal.

A key sticking point remains over the issue called loss and damage. The world’s poorest nations are insisting that western carbon polluting nations establish a fund to compensate nations hurt by climate extremes, such as Pakistan and its devastating flooding, as the developing world put little of the heat-trapping gases into the atmosphere.

“These negotiations won’t work if it’s pitching one country against the other, one block against the other,” said Irish Environment Minister Eamon Ryan, one of the lead negotiators on loss and damage. “The only way it will work is if we sit down in collaboration and recognize we have common cause because we are in common peril and the only solution can be a good solution.”

Climate advocacy group Power Shift Africa’s Mohamed Adow blamed the United States and the European Union, saying “they’re the two groups of parties that are currently blocking and delaying the delivery of our solidarity outcome out of Sharm el-Sheikh.”

“We’re now, I must say, very close to getting a loss and damage fund,” Adow said. “And because of that we’re seeing one of the biggest historic polluters threatening to walk out.”

The United States may have moved a bit on its stance and seems more willing to accept the establishment of a loss and damage fund, but the division now is on where and how that fund is administered and who puts money into it, Waskow said.

Many of the more than 40,000 attendees have left town, and workers started packing up the vast pavilions in the sprawling conference zone.

COP meetings have evolved over the years to resemble trade fairs, with many countries and industry groups setting up booths and displays for meetings and panel discussions.

At many stands, chairs were stacked neatly ready for removal, and monitors had been taken away, leaving cables dangling from walls. Pamphlets and booklets were strewn across tables and floors. Snack bars, which the Egyptian organizers said would remain open through the weekend, were emptied out.

At the youth pavilion, a gathering spot for young activists, a pile of handwritten postcards from children to negotiators was left on a table, in what was perhaps an apt metaphor for the state of play as the talks bogged down.

“Dear COP27 negotiators,” read one card. “Keep fighting for a good planet.”

An occasional gust of wind from the open doors nearby blew some of the cards onto the floor.

___

Kelvin Chan and Theodora Tongas contributed to this report.

___

Follow AP’s climate and environment coverage at https://apnews.com/hub/climate-and-environment

___

Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

Continue Reading
Advertisement

Breaking News

Advertisement

Editor Pick’s

Latest Entertainment

Entertainment1 hour ago

Sacha Baron Cohen Revives Borat to Slam Kanye West: ‘He’s Too Antisemitic,‘ Even For Kazakhstan

Borat is back! Sacha Baron Cohen returned as his iconic character at the Kennedy Center Honors on Sunday night (via...

Entertainment2 hours ago

Dolly Parton Joins TikTok

“Better late than never,” Dolly Parton tweeted with a wink Sunday in announcing that she had joined TikTok The 11-time...

Entertainment3 hours ago

Meghan Markle and Prince Harry’s Netflix Docuseries Release Date Revealed: ‘We Know the Full Truth’

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex meet and greet the public at the Sydney Opera House...

Entertainment3 hours ago

Meghan Markle and Prince Harry’s Netflix Docuseries Gets Release Date Ahead of Christmas, New Trailer

UPDATE: Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, are about to pull back the curtain on...

Entertainment15 hours ago

Amber Heard Appeals “Chilling” $10M Johnny Depp Defamation Verdict; Wants Reversal Or New Trial

Less than a month after Johnny Depp filed his formal appeal of some of the verdict in his sweeping defamation...

Entertainment16 hours ago

Bob McGrath, original ‘Sesame Street’ star, dies at 90

Sesame Street star Bob McGrath (pictured in 2013) has died at age 90. (Photo: Robin Marchant/Getty Images) Bob McGrath, an...

Entertainment17 hours ago

‘Breakfast Club’ stars Molly Ringwald and Ally Sheedy reunite for dinner nearly 38 years after film’s release

Ally Sheedy and Molly Ringwald (in a scene from The Breakfast Club) reunited 37 years after the 1985’s film release....

Entertainment17 hours ago

Al Strobel, Twin Peaks Actor, Dead at 83

Al Strobel, the actor who played Phillip Gerard (aka “The One-Armed Man”) on Twin Peaks, has died. He was 83....

Latest Sports

Sports57 mins ago

World Cup scores, updates: Japan vs. Croatia, Brazil vs. South Korea

Monday’s Round of 16 games at the 2022 are quite the contrast. The first game of the day looks evenly...

Sports1 hour ago

Jerry Jones reveals Dallas Cowboys RB Ezekiel Elliott benched for disciplinary reasons

Before Sunday, Ezekiel Elliott had started all 97 games of his career dating back to 2016. He was benched in...

Sports2 hours ago

Justin Fields explains late-game interception in loss vs. Packers

Jaire Alexander's interception of Justin FIelds with under three minutes to play ended the Bears' comeback hopes. But it wasn't...

Sports2 hours ago

Reports: Cincinnati hiring Louisville’s Scott Satterfield to replace Luke Fickell

The Bearcats are heading to the Big 12 in 2023. And play Louisville in the Fenway Bowl on Dec. 17.

Sports3 hours ago

Everything the Dallas Cowboys said after beating the Indianapolis Colts

Quotes from the postgame press conferences, locker room interviews and more

Sports3 hours ago

Alabama LG Javion Cohen set to enter NCAA transfer portal

Alabama starting offensive lineman Javion Cohen is set to enter the NCAA transfer, he announced Sunday night.

Sports3 hours ago

Brian Daboll’s questionable decision to punt in Giants’ tie with Commanders puts pressure on as postseason nears

Giants head coach Brian Daboll passed on a chance to win the game in a 20-20 tie with the Washington...

Sports4 hours ago

Bonds, Clemens left out of Hall again; McGriff elected

The committee passed over Bonds, Clemens and Curt Schilling in favor of McGriff.

Technology Hot News

Is Elon Musk Really Going to Buy Twitter? Is Elon Musk Really Going to Buy Twitter?
Technology1 month ago

Is Elon Musk Really Going to Buy Twitter?

Elon Musk, the owner of the electric car company Tesla, CEO of SpaceX, and the richest man in the world,...

WhatsApp services were affected across Pakistan, restored after 2 hours WhatsApp services were affected across Pakistan, restored after 2 hours
Technology1 month ago

WhatsApp services were affected across Pakistan, restored after 2 hours

WhatsApp services were affected in various countries of the world, including Pakistan, and India due to this users were facing...

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies Bitcoin vs Litecoin: A guide to understanding cryptocurrencies
Technology2 months ago

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies

Cryptocurrencies currently occupy an odd place in society. They are no longer the super niche bizarre currency beloved by tech...

Personal data of people is selling on Google Play and Google Ads Personal data of people is selling on Google Play and Google Ads
Editor Picks3 months ago

Personal data of people are sold on Google Play and Google Ads

It’s been two to three years since Google has been unknowingly hosting multiple apps from malicious actors who sell personal...

Protonmail is down a second time in the past 24 hours Protonmail is down a second time in the past 24 hours
Technology5 months ago

Protonmail is down a second time in the past 24 hours

An end-to-end encrypted email service Protonmail is down a second time in the past 24 hours, netizens reported on social...

What's better for the student: a tablet or a laptop What's better for the student: a tablet or a laptop
Technology7 months ago

What’s better for the student: a tablet or a laptop

Some analysts argue that computers have outlived their usefulness. There is some truth in this: PC and laptop sales are...

Tesla founder Elon Musk holds the Twitter deal temporary Tesla founder Elon Musk holds the Twitter deal temporary
Technology7 months ago

Tesla founder Elon Musk holds the Twitter deal temporary

USA: Elon Musk, the founder of companies like Tesla and SpaceX, can actually buy anything in the world. Last month,...

How Zafar Supari is utilizing his ability on Snapchat? How Zafar Supari is utilizing his ability on Snapchat?
Technology7 months ago

How Zafar Supari is utilizing his ability on Snapchat?

Pakistan: Zafar Supari a public figure, businessman, and social media sensation has crossed one hundred thirty-three thousand 133k subscribers on...