BREAKING: Latest draft decision for U.N. climate talks at COP26 backs away from call to end all coal use and fossil fuel subsidies.
in Glasgow appeared to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely.
While the chair’s proposal is likely to undergo further negotiation at the talks, due to end Friday, the change in wording suggested a shift away from unconditional demands that some fossil fuel exporting nations have objected to. Another crunch issue is the question of financial aid for poor countries to cope with climate change. Rich nations failed to provide them with $100 billion annually by 2020, as agreed, causing considerable anger among developing countries going into the talks.
According to the proposed decision, countries plan to express “alarm and utmost concern” that human activities have already caused around 1.1C of global warming “and that impacts are already being felt in every region.”
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