The first draft of a deal to be drafted at Egypt’s COP-27 climate summit would retain a target to limit global warming to 1.5 degrees Celsius, but has left many controversial issues unresolved before a final TBEN.
The president of Egypt’s COP-27 urged negotiators to speed up the pace of overcoming their differences, while poor countries denounced the draft as it did not meet their need for funds to deal with the damage already wrought by climate-driven storms, droughts and floods.
“Time is not on our side, let’s get together now and deliver Friday,” COP-27 president Sameh Shoukry said in a letter to deputies on Wednesday and published on Thursday.
The 20-page draft for a hoped-for final agreement reiterates the aim of last year’s Glasgow Climate Pact to limit warming to 1.5 degrees Celsius, and asks countries to “accelerate measures to phase out unabated coal-fired power stations.” to phase out and rationalize inefficient energy”. subsidies for fossil fuels.”
Vulnerable nations ask for loss, damage fund
It also “welcomes” the fact that delegates had begun talks about launching a so-called loss and damage fund for countries ravaged by climate impacts, but did not include details for its launch.
Climate-sensitive countries, including small island nations, want the deal to lead to a fund, and soon, but wealthy countries have resisted the idea for fear that such a deal could expose them to endless financial liability for their historic contribution to global warming emissions. greenhouse gases.
Delegates fear the sticking point could stand in the way of agreement at COP-27, this year’s edition of the United Nations’ annual meeting focused on global action to slow climate change and the damage it causes .
Frans Timmermans, the EU’s head of climate policy, said the first draft left much to be desired.
“The cover text still needs a huge amount of work,” he said. “So we will continue the discussions and give our input and hope that we can find this common ground before the end of the COP.”
On limiting global temperature rise, the document echoes language included in last year’s COP-26 agreement, emphasizing “the importance of making every effort at all levels to meet the temperature target of the Paris Agreement to bring the global average temperature increase to well below 2°C above pre-industrial levels and continue efforts to limit the temperature increase to 1.5°C above pre-industrial levels.”
Concerns about adjustments to phase out fossil fuels
US special climate envoy John Kerry said last week that some of the nearly 200 nations gathered for the Sharm el-Sheikh talks opposed language around 1.5C, but declined to name names.
Scientists say limiting average global warming to 1.5 degrees Celsius is important to averting the worst effects of climate change. Temperatures have already risen by 1.1 degrees.
While last year’s climate summit also agreed to call on countries to completely phase out inefficient fossil fuel subsidies, this year’s draft encourages efforts to “phasing out and rationalizing inefficient fossil fuel subsidies”.
Catherine Abreu of the E3-G nonprofit was concerned that changing the language could weaken the target.
“Instead of a reference to phasing out all fossil fuels, we have an even weaker version of the language around coal and fossil fuel subsidies than last year,” she said.
Other outstanding issues include calls for boosting a global target for funding to help developing countries adapt to the impacts of a warmer world, and plans to raise targets for curbing climate-warming emissions.