By Omotayo Edubi
The negotiators at this year’s COP26 U.N. climate summit in Glasgow seemed to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely, but gave poor countries hope for more financial support to cope with global warming.
The latest draft proposals released Friday call on countries to hasten “the phase out of unabated coal power and of inefficient subsidies for fossil fuels.”
A previous proposal Wednesday had been stronger, calling on countries to “accelerate the phasing out of coal and subsidies for fossil fuel.” The changes, if agreed, could give countries loopholes to continue burning coal and subsidize fossil fuels.
While the chair’s proposal is likely to undertake 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.
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The question of how to address the continued use of fossil fuels responsible for much of global warming has been one of the key sticking points at the two-week talks.
Scientists agree it is necessary to end their use as soon as possible to meet the 2015 Paris accord’s ambitious goal of capping global warming at 1.5 degrees Celsius (2.7 Fahrenheit). But explicitly including such a call in the overarching declaration is politically sensitive, including for countries, such as Saudi Arabia, that fear oil and gas may be targeted next.
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.
The latest draft reflects those concerns, expressing “deep regret” that the $100 billion goal hasn’t been met and urging rich countries to scale up their funding.
It also adds wording that could create a fund to compensate countries for serious destruction resulting from climate change. Rich nations such as the United States, who have historically been the biggest source of human-caused greenhouse gas emissions, are opposed to any legal obligation to pay for loss and damage suffered by poor countries.
