The Cop26 climate negotiations are entering their scheduled last day, and the summit chairman warned that “there are still huge challenges ahead.”
Negotiations are scheduled to end at 6 pm on Friday, but due to pressure from negotiators to resolve financing issues in poor countries, call for an accelerated phase-out of fossil fuel subsidies and coal, and countries’ efforts to reduce emissions, the negotiations may be overtime in the 2020s.
A new version of the overall agreement that may be reached at the 2019 summit Glasgow Expected overnight to Friday.
The first draft of the “Coverage Decision” urges countries to “re-examine and strengthen” their national plans to reduce emissions by 2030, so that they will be in line with each other by the end of 2022. Paris Keep the temperature rising to the goal of “well below 2C” or 1.5C.
The document released on Wednesday included calls on developed countries to at least double their collective funding to help developing countries adapt to climate change as part of increasing funding for poorer countries to respond to crises and to deal with loss and damage.
Some of the most vulnerable countries are concerned about the lack of details.
It is believed that the commitment to phase out fossil fuels is unlikely to become a final document, and this is the first time it appears in such a text.
As the talks entered the final stage, Chairman Cop26 Alok Sharma The warning said: “We still face great challenges, but in general, we have no choice but to meet this challenge and do our best to achieve timely results that we can all be proud of.
“Because in the end, this result, no matter what it is, will belong to all of us.”
