The final decision of the U.N. Climate Conference on Sunday yielded a breakthrough in addressing the hazards already ravaging the planet but made little progress on emissions-cutting measures that could avert even worse disasters to come.
a coalition of more than 150 nations in pledging to curb methane, which is roughly 80 times more polluting than carbon dioxide in the near term. Its diplomats also balked at suggestions that the Chinese government should join developed nations in providing financial support for more vulnerable countries.
“The reality is these climate negotiations are talking about the political economy of the future,” he said. “Who will benefit and who won’t? Who will survive and who won’t?” Resistance from wealthy countries began to soften as leaders of developing countries made clear they would not leave without a loss and damage fund. As talks stretched into overtime on Saturday, diplomats from small island states met with E.U. negotiators to broker the deal that nations ultimately agreed on.
Harjeet Singh, head of global political strategy for Climate Action Network International, saw another benefit of requiring payment for climate harms: It might be what finally convinces major emitters to stop making the problem worse.
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