COP26 new draft agreement limits coal, calls for faster climate action | Climate crisis news

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The draft United Nations Climate Summit calls for the removal of “ineffective” subsidies for unfiltered coal and fossil fuels, as negotiators work overtime to reach an agreement.
Negotiators at this year’s UN Climate Dialogue are examining new proposals with the aim of sealing a deal that could be said to be credible in promoting efforts to tackle global warming around the world.
British officials leading the COP26 talks in Glasgow (Scotland) released new draft agreements on Saturday after representatives of nearly 200 nations were told to go to rest on Friday night as the official deadline passed.
A proposal for a general decision maintains a contentious language that calls on countries to speed up “efforts to eliminate uninterrupted and inefficient subsidies for coal energy and fossil fuels.”
In a new addition, the text says nations will recognize the “need for support for a fair transition” – a reference to calls for financial assistance from those working in the fossil fuel industry, while jobs and businesses end.
But he did not allocate the money specifically allocated to losses and damages (so far the cost of global warming is rising) instead of repeating the “need to increase action and support” for weaker and poorer nations.
He noted with “great regret” that even rich nations have not achieved the $ 100 billion a year they promised more than a decade ago, but said it would arrive by 2023.
The Prime Minister of the United Kingdom Boris Johnson said on Friday that he believed he was “seeing an ambitious outcome” in two weeks of talks, which are now in overtime.
In another proposal, countries are “encouraged” to present new targets for reducing emissions by 2035 by 2025 and by 2040 by setting a five-year cycle. Previously, developing countries were expected to do so only once every 10 years.
Scientists say the world is not on track to achieve the ambitious goal of the 2015 Paris agreement by reducing global warming by 1.5 degrees Celsius (2.7 Fahrenheit) by the end of the century compared to pre-industrial times.
Andrew Simmons of Al Jazeera, from Glasgow, said the texts published on Saturday were “reasonably positive”, but said all representatives would have to agree to close a formal agreement.
“The way to plan things is to move on with this [an informal] gathering people for the plenary session, the ‘balance sheet’ called for at this summit, and looking ahead and looking at what can happen next, ”he said.
“Later on Saturday, the intention is to hold a formal plenary session and we will see real agreements reached, and the idea is to end the summit sometime on Saturday evening.”
“It will be an assessment, yes there has been some progress but [it remains to be seen] whether this will be considered a complete success, ”he added.
Tracy Carty, head of Oxfam’s COP26 delegation, said the draft agreement was “not enough yet”.
“We need the strongest possible results to return the government next year with strong targets to reduce emissions that will keep it 1.5 degrees alive. And make crucial financial advances to help countries adapt and the losses and losses they have suffered,” Carty said.
“It is of great concern that developing countries have not included the proposed instrument for financing losses and damage in this new draft.”
Juan Pablo Osornio, head of the COP26 delegation at Greenpeace, also said he was concerned that the draft agreement was not enough to deal with the scale of the climate crisis.
“The language that existed in the previous text about coal removal and the removal of fossil fuel subsidies was much stronger than what we are seeing now,” he told Al Jazeera.
The latest draft text includes the possibility of fossil fuel subsidies being “ineffective”, “which leaves little room for not doing as much as you really could.”
Osornio said the details of the revised agreement would need further analysis and that the confidence of many developing countries had been lost because richer nations had failed to meet their commitment to fund $ 100 billion a year to adapt to climate change.
“It’s going to be an exciting plenary session in the history of the COP,” he said. “It’s a high-risk game [COP26] he is playing the presidency, releasing that large number of texts [to a vote]”.
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