December 7, 2022

EXPO Magazine

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Negotiations for a climate accord remain tense

Negotiations on the historic agreement at the UN Climate Summit (COP27) in Egypt continued through the night this Saturday (19/11).

A two-week conference in Sharm el-Sheikh was extended on Friday after no agreement was reached.

The question of who will pay for the “loss and damage” caused by climate change remains a major point of contention between countries.

No overall deal has been announced, although negotiators said Saturday night a settlement had been reached.

Egypt, the host country of the event, said it wanted to conclude the deal by the end of the night, but negotiators told reporters that a deal was still some way off and that they were prepared for another long night.

These summits keep passing – and COP27 is on track to become one of the longest.

Talks continued even after the event site was cleared, and reports suggest that some countries’ representatives have already left.

The main disagreement is over the “loss and damage” fund dedicated to offsetting the effects of climate change, which developing countries have been calling for for decades.

If an agreement is reached, it would be a historic victory for these countries, helping to reduce the burden of events such as the recent floods in Pakistan and Nigeria.

In a dramatic move, on Thursday night (11/17), the European Union (EU) said it could agree to this under certain conditions – which proved controversial.

The EU has argued that everyone who can afford it should contribute to the fund, including large emerging economies such as China, Saudi Arabia and Singapore.

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This raised fundamental questions for the UN about the definition of developing countries.

A pledge made 30 years ago says rich countries should do more to cut carbon emissions.

But since then the scene has changed a lot, and some developing countries have become very wealthy? and are the largest contributors to emissions.

US delegates said they are making proposals at the conference to help developing countries address the costs of climate change.

Earlier, Pakistan’s Climate Minister Sherry Rehman said the negotiators were reaching a positive conclusion.

Yet other issues on the table include targets Fuels Fossils.

At last year’s COP26 in Glasgow, Scotland – which lasted longer than expected – countries agreed to “gradually reduce” their coal use.

Now there are plans to expand this to include oil and gas.

There are concerns about whether the goal of limiting warming to 1.5 degrees Celsius above pre-industrial times will be maintained.

A rise in temperatures above that level could expose millions of people to catastrophic climate impacts, the UN says.

– This text has been published