Countries blast draft of vague deal on climate cash for developing countries

Countries of the world took turns rejecting a new but vague draft text released early Thursday which attempts to form the spine of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change.

सम्बन्धित सामग्री

Opinion | Why UN climate summits still matter

There is increasing urgency to support developing countries experiencing losses from climate impacts.

Trump and trade worries cloud climate summit in Baku

The annual U.N. climate summit began on Monday with countries preparing for tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries in their demands for climate cash. Delegates gathering in Azerbaijan's capital, Baku, hope to resolve the COP29 summit's top agenda item – a deal for up to $1 trillion in annual climate finance for developing countries, replacing a target of $100 billion.

UN chief urges developed countries to fully honour climate commitments

DUBAI, Dec 12: UN Secretary-General Antonio Guterres on Monday urged developed countries to fully meet their commitments on addressing climate change. "We need all commitments made by developed countries on finance and adaptation to be met -- fully and transparently,"

Foreign Minister's appeal to give developing countries a leading role

Foreign Minister NP Saud has appealed to the developed countries to give developing countries a leading role in addressing the effects of climate change.

Foreign Minister's appeal to give developing countries a leading role

Foreign Minister NP Saud has appealed to the developed countries to give developing countries a leading role in addressing the effects of climate change.

Foreign Minister's appeal to give developing countries a leading role

Foreign Minister NP Saud has appealed to the developed countries to give developing countries a leading role in addressing the effects of climate change.

Prompt reparation for climate disasters

The muddy waters of the Indrawati bringing down the Melamchi flood at left, merging with the Bhote Kosi at Dolalghat in 2021. Photo: RSS ince the climate change conference at Sharm El-Sheikh in Egypt, the media has been inundated with news of the ‘loss and damage fund’ set up to compensate developing countries for the […]

Egypt's president urges developed countries to honor climate financial pledges

SHARM EL-SHEIKH, Egypt, Nov. 8: Egyptian President Abdel-Fattah al-Sisi Monday called on developed countries to fulfill their climate pledges to help developing countries that suffer the most from the climate crisis. Sisi made the remarks in an inaugurating speech to the Sharm El-Sheikh Climate Implementation Summit (SCIS), which gathers heads of state and government worldwide here at the 27th session of the Conference of the Parties (COP27) in Egypt's coastal city of Sharm El-Sheikh. Addressing the summit, Sisi called on world leaders to take real and concrete steps towards reducing emissions, enhancing adaptation to the consequences of climate change, and providing the necessary financing for developing countries that suffer the most from the current climate crisis. "Time is running out for the world and there is no way to retreat from implementing climate commitments," Sisi said. "It is necessary for developing countries, especially in our African continent, to feel that their priorities are responded to and taken into consideration," he said "These countries bear their responsibility, to the extent of their capabilities and the amount of appropriate support and finance, in accordance with the principle of common but differentiated responsibilities, granting them some satisfaction with their position on global efforts to combat climate change," Sisi added. He stressed that this can only happen by creating an atmosphere of confidence as well as taking additional serious steps and of developed countries to fulfill their climate finance commitments. He pointed out that the world is still facing many challenges that cast a shadow on its ability to reach the goal of the 2015 Paris Agreement, which is to keep the global average temperature rise this century as close as possible to 1.5 degrees Celsius above pre-industrial levels. Addressing the climate summit, United Nations Secretary-General Antonio Guterres also warned global leaders of the current climate challenges. "We are on a highway to climate hell with our foot still on the accelerator," he said, adding "the planet is fast approaching the tipping point that will make climate chaos irreversible." "Greenhouse gas emissions keep growing, global temperatures keep rising, and our planet is fast approaching tipping points that will make climate chaos irreversible," he adds. He noted that humanity must "cooperate or perish" in the face of international crises that have battered economies and shaken international relations. "It is either a climate solidarity pact, or a collective suicide pact," Guterres warned.

COP26 concludes with new global deal on climate

Agreement was finally reached on Article 6 of the Paris Agreement, which relates to carbon market mechanisms, paving the way for effective implementation of the Paris deal to cut emissions through market-based approaches. Negotiators also agreed to phase down coal, the dominant source of carbon dioxide emissions in the process of electricity generation. GLASGOW, Britain, Nov. 14: The United Nations climate change conference concluded here Saturday after a one-day extension, with negotiators agreeing on a new global pact to tackle climate change. Nearly 200 participating countries adopted the Glasgow Climate Pact at the end of 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change. Some encouraging progress was made. Agreement was finally reached on Article 6 of the Paris Agreement, which relates to carbon market mechanisms, paving the way for effective implementation of the Paris deal to cut emissions through market-based approaches. Negotiators also agreed to phase down coal, the dominant source of carbon dioxide emissions in the process of electricity generation. It is the first explicit mention of fossil fuels in a COP agreement. During COP26, more than 100 countries have promised to end deforestation by 2030. Photo taken on Oct. 31, 2021 shows a general view of the opening ceremony for COP26 in Glasgow, Scotland, the United Kingdom. (Xinhua/Han Yan) In the final days of the conference, China and the United States issued a joint declaration on enhancing actions on climate change in the 2020s, which are widely welcomed and believed to galvanize global collective actions. The two countries agreed to establish a working group on enhancing climate action this decade to promote cooperation on climate change between the two countries as well as multilateral processes. As COP26 wrapped up, however, some stubborn issues, notably climate funding, remain uncertain. There were commitments to significantly increase financial support through the Adaptation Fund as developed countries were urged to double their support to developing countries by 2025. However, it remains to be seen whether developed countries, whose development is responsible for most of today's climate change impacts, will heed the set timeframe. In 2009, wealthy countries pledged 100 billion U.S. dollars a year to help lower-income nations by 2020. However, they still have not made good on the pledge and recent reports indicate that this goal could slip to 2023. COP26, which kicked off on Oct. 31, is the first climate change conference after the five-year review cycle under the Paris Agreement inked in 2015. The Egyptian city of Sharm El Sheikh will host COP27 in 2022.

Need for climate change related adaptation measures stressed

While there continues to be disagreements about how to address climate induced loss and damage in the negotiations at the UN Climate summit COP26, people in many developing countries struggle daily with climate related disasters.