The COP26 negotiations that were supposed to end by 6 PM continued past the deadline yesterday and chances are that they will continue until Saturday with the main mission being finding compromises on aid to poor countries and fossil fuels.
On Friday morning, the UK’s presidency of this climate conference released a second draft final declaration, but the afternoon plenary session highlighted the still significant differences among the 200 or so countries that signed the agreement. Paris in 2016. The negotiations will continue without surprise into the night, beyond the official program which ended at 6 pm.
Towards a “catastrophic” warming
A new text will be published on Saturday morning, before a new plenary session to collect the various positions in the morning, said in a message the president of the COP26, Alok Sharma, who now hopes to end these two weeks of marathon on Saturday. . Failure at this COP would further endanger the objective of the Paris Agreement to limit global warming to “well below” 2 ° C compared to the pre-industrial era, if possible 1, 5 ° C.
The world is still heading towards a “catastrophic” warming of + 2.7 ° C, according to the UN, despite the new commitments for the 2030 deadline announced just before and since the start of the COP. One of the most disputed points: the financial envelope to help the poorest countries (the least responsible for climate change but on the front line in the face of its impacts) to reduce their emissions and prepare to face storms, heat waves and droughts which multiply.
Raise emission reduction commitments
Another burning issue at the heart of the negotiations, fossil fuels, the main cause of global warming. While the Paris agreement did not mention fossil fuels, the latest draft declaration provides for the inclusion (softened compared to the first version) of the exit from their funding.
More generally, in an attempt to limit global warming, the provisional text of the British Presidency calls on member states to raise their emission reduction commitments more regularly than provided for in the Paris agreement, starting in 2022. Even whether the possibility of adjustments for “special national circumstances” has been added.