The main obstacle concerns the concessions that major emitters and rich countries are willing to make in terms of financing for developing countries to tackle climate change
Negotiations at the climate summit of United Nations, a COP26, to contain the global warming, which should have officially ended this Friday, the 12th, continues on Saturday, the 13th, when the presidency of the summit is expected to release a new minute. Sources linked to the negotiation said that the British presidency of the meeting will try to have the text approved by the 197 countries involved in the negotiation and that it serves to accelerate the decarbonization of the global economy. Later, the president of COP26, Alok Sharma, intends to convene a plenary in which the ministers involved in the negotiations will discuss the new text. The main stumbling block in the negotiations concerns the concessions that major emitters and rich countries are willing to make in terms of financing developing nations to tackle climate change. Also problematic are the text’s references to the phasing out of coal as a source of energy generation and fossil fuel subsidies. The Glasgow climate summit, convened to build on the Paris Agreement and represent a milestone in the transition to the planet’s decarbonization, should have ended at 3 pm (GMT) this Friday.
*With information from EFE
Source From: Jovempan
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