sharm el sheikh – Update on COP27, UN Climate Summit in Sharm El Sheikh, Egypt.
India made an unexpected offer over the weekend to end this year’s climate negotiations with a call to phase out all fossil fuels.
The idea is likely to receive strong backlash from oil and gas exporters, including the United States, which promotes natural gas as a clean “bridge fuel” to renewable energy.
India has been publicly humiliated for resisting calls to phase out coal, the two diplomats, who spoke to the Associated Press on condition of anonymity because the proposal has not yet been formally discussed. He said he could be trying to get a return on last year’s meeting.
Countries have instead compromised by calling for vague “dwindling” but nonetheless deemed important as the fossil fuel industry was notified for the first time.
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More than 20 climate activists protested to pressure developed countries to pay for the destruction caused by climate change in the most vulnerable countries.
Monday’s protests came as the United Nations climate conference entered its second and final week in the Egyptian seaside resort of Sharm el-Sheikh. Protesters were seen dancing and chanting inside the conference’s Blue Zone, a territory of the United Nations.
Virginia Rollin, a protester from the Philippines, said activists are fighting for funding to help the most vulnerable countries recover from the impacts of climate change and prepare for future climate-related weather events. He said he would continue.
“I can’t wait,” she said.
The G7 nations on Monday launched a new insurance system to provide rapid financial aid should countries be hit by the devastating impacts of climate change.
The so-called Global Shield is backed by the V20 group of 58 climate-vulnerable countries and will initially receive more than €200 million ($) in funding, primarily from Germany. Initial recipient countries include Bangladesh, Costa Rica, Fiji, Ghana, Pakistan, Philippines and Senegal.
Ghana’s Finance Minister Ken Ofori Atta called it a “groundbreaking effort” to help protect communities when lives and livelihoods are lost.
But civil society groups are skeptical and should not be used as a way to distract from broader efforts to make large polluters pay for the losses and damage caused by greenhouse gases. warned.
“We need a solution that scales with the scale of the loss, and that means going beyond subsidized insurance,” said Rachel Simon of the environmental group Climate Action Network Europe.
She also said new funds need to be created within the United Nations oversight of climate negotiations, not on the sidelines, to ensure proper international oversight.
Global climate talks in Egypt headed late on Monday, leaving many uncertainties over whether there will be any substantive agreement to combat climate change.
Tens of thousands of delegates, observers, experts, activists and journalists from nearly 200 countries returned to the conference zone of the Red Sea resort of Sharm el-Sheikh after a day’s rest.
The UN’s chief climate officer appealed for constructive diplomacy to rival the high-handed rhetoric heard on the first day of the talks.
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