|HT|
After night long negotiations on several elements of the Glasgow cover decision, the COP 26 Presidency released another draft text on Saturday morning. Though the third draft text reaffirms the Paris Agreement goal, it has struck a compromise on several fronts and is rather weak on climate finance, adaptation and loss and damage. Climate negotiation experts are disappointed that after a big build up to COP 26 and the Intergovernmental Panel on Climate Change (IPCC) spelling out the urgency of climate crisis, the negotiations failed to capture certain important elements which are critical for implementation of climate change mitigation in developing countries. Following an informal plenary by COP 26 President, Alok Sharma later today, the draft is likely to be considered for adoption. Developing and vulnerable countries are expected to express their views at the plenary.
For the first time, the draft cover decision has mentioned the need for phase out of coal and fossil fuel subsidies. But, after several developing countries dissented, the language has been cushioned to say we need to transition towards low emission energy systems, including by rapidly scaling up the deployment of clean power generation and energy efficiency measures “including accelerating efforts towards the phase-out of unabated coal power and inefficient fossil fuel subsidies, recognizing the need for support towards a just transition.”
(Except for the headline and the pictorial description, this story has not been edited by THE DEN staff and is published from a syndicated feed.)
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