COP26 climate summit gets 197 countries to agree to limit greenhouse gas emissions, but India and China water down a clause on fossil fuels.
Two steps forward one step back. This is the pattern of reform in this area; and it costs us time we don't have. ft.com/content/c891d4…
On the plus side it's the first time the subject has been included in a final COP decision. The agreement asks countries to “accelerate efforts towards” phasing down “unabated coal power”
Again we see a divide between richer countries & those suffering more due to climate change, which tend to be poorer & need payment to help them cope with the effects of climate change. COP26 vows to start a “dialogue” about funding a new organisation to give them support.
Agreement notes with “deep regret” that rich countries missed their 2020 target of $100bn a year to help developing countries, & commits them to raising at least that, annually, through to 2025.
& by the end of 2022, countries are to improve their 2030 national climate targets.
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