Marathon international climate talks closed yesterday with negotiators postponing until next year a key decision on global carbon markets.
After two weeks of negotiations on tackling global warming, delegates from almost 200 nations passed declarations calling for greater ambition in cutting planet-heating greenhouse gases and in helping poor countries suffering the effects of climate change. But despite holding the longest climate talks ever in 25 nearly annual editions they left one of the thorniest issues for the next summit in Glasgow, in a year’s time.
After more than 40 hours of overtime, sleep-deprived delegates began holding a closing plenary Sunday morning in the Spanish capital of Madrid.
Among the early documents to be passed was the “Chile-Madrid Time for Action” declaration calling on countries to improve their current pledges to reduce greenhouse gas emissions. That is needed to come in line with the 2015 Paris Agreement target of avoiding a temperature increase of more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) by the end of the century.
So far, the world is on course for a 3- to 4-degree Celsius rise, with potentially dramatic consequences for many countries.
Countries also agreed to designate funds for the most vulnerable countries to compensate them for the effects of extreme weather events, one of the most pressing issues for small island states and other developing nations.
But environmental groups and activists accused the world’s richer countries of showing little commitment to seriously tackling climate change.
“The Paris Agreement may have been the victim of a hit-and-run by a handful of powerful carbon economies, but they are on the wrong side of this struggle, the wrong side of history,” said Jennifer Morgan, Greenpeace International’s executive director.
The talks have been accompanied at times by angry protests from indigenous and environmental groups, both inside and outside the venue. The demonstrations reflected growing frustration, particularly among young people, at the slow pace of government efforts to curb climate change. MDT/AP
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