Displaying items by tag: World, Science, Environment, COP27, Climate Deal and Disappointments

Thursday, 24 November 2022 21:18

COP27: climate deal and disappointments

Luke-warm applause met a historic moment when a ‘loss and damage fund’ was agreed in the early hours of 20 November 20 after a confusing and often chaotic 48 hours left delegates exhausted. This fund will see developed nations paying poorer countries for damage and economic losses caused by climate change, ending almost thirty years of waiting by poorer nations experiencing huge climate impacts. But there was disappointment over the lack of progress on cutting fossil fuels. ‘A clear commitment to phase-out all fossil fuels? Not in this text,’ said the UK's president of the Glasgow COP26 summit. The final overarching deal did not include commitments to ‘phase down’ or reduce use of fossil fuels. It also included ambiguous new languages about ‘low emissions energy’ - which experts say could open the door to some fossil fuels being considered part of a green energy future.

Published in Worldwide