It is not projected to happen in the future. Now as Senator (John) Kerry from the US has said, it is not fiction. Like many of the small island developing states, we are at the forefront of the climate change. “We would like a stronger language under loss and damage for a dedicated financing facility,” he said, adding that he was encouraged by recent comments made on the issue by some developed nations, but that those remarks were still not translating into the agreement. “However, since that time and through the corridors of this marvelous facility and in the negotiating rooms, we are not seeing that level of optimism being translated, as we now see in the cover decisions before us,” he said, referring to the draft agreement published Friday morning. In moving remarks, Seve Paeniu, minister of finance of the atoll nation Tuvalu and Chair of Pacific Islands Forum, said Friday he “had high hopes” and “high optimism” in the first few days of the conference. “We can find a way out of this, I’m sure, together in a cooperative atmosphere.” “It’s time to move and find the solutions that will help vulnerable countries respond to the damage and destruction the climate crisis has already caused,” he said. There is a clear split between developed and developing nations around whether a new “loss and damage” fund should be established through which wealthy countries would pay liability to developing countries for the impacts of the crisis on their countries.ĭeveloping nations believe wealthy countries are historically more responsible for the climate crisis, but the impacts are disproportionately felt in the developing world.Ī senior US official said Thursday does not support the creation of a loss and damage compensation fund.Īn EU spokesperson declined to confirm the bloc’s position, but pointed to remarks by its climate policy chief Frans Timmermans made earlier Friday, saying that loss and damage “is a key part of our conversation.” Sharma had optimistically said all week he hoped for a deal by 6 p.m.
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“This is a test of COP President Alok Sharma’s nerve and whether he can deliver ambitious outcomes where there isn’t obvious consensus,” the group wrote.ĬOP conferences typically run over time, but there had been an expectation that a full agreement could be reached Friday night or early Saturday. Negotiators have been in talks for 12 days, including in some heated sessions this week.Īll 197 parties in attendance will need to agree on each and every word of the final agreement, so further watering down of the current draft, which was published early Friday, is entirely possible.Ī group of climate analysts attending the summit noted in a briefing email that “battles over loss & damage, carbon markets and finance” were flaring.
This is definitely going into, well, it’s already in overtime.” But I do think that we’re moving in the right direction. “If things are a bit tougher, then you might need to see that kind of second version, or iteration, of text. “If everything goes amazingly well, you’d just see minor adjustments to the next version,” Tollman told CNN. Jennifer Tollman, a senior policy advisor from the climate think tank E3G, has been observing the talks and warned that the next iteration could easily be rejected. His schedule shows that a feedback session will follow, but he expressed hope that the version would be adopted in a Saturday afternoon session. A note from COP26 President Alok Sharma on Friday night said that a new draft of the agreement would likely be published at around 8 a.m.