International

No deal as longest climate talks end in Madrid

Empty chairs are pictured during the UN Climate Change conference (COP25) in Madrid.

Empty chairs are pictured during the UN Climate Change conference (COP25) in Madrid.   | Photo Credit: AFP

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Carbon markets’ regulation put off.

Marathon international climate talks ended on Sunday with major polluters resisting calls to ramp up efforts to keep global warming at bay and negotiators postponing the regulation of global carbon markets until next year.

Those failures came even after organisers added two more days to the 12 days of scheduled talks in Madrid. In the end, delegates from almost 200 nations endorsed a declaration to help poor countries that are suffering the effects of climate change, although they didn’t allocate any new funds to do so.

The final declaration called on the “urgent need” to cut planet-heating greenhouse gases in line with the goals of the landmark 2015 Paris climate change accord. That fell far short of promising to enhance countries’ pledges to cut planet-heating greenhouse gases next year, which developing countries and environmentalists had lobbied the delegates to achieve.

The Paris accord established the common goal of avoiding a temperature increase of more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) by the end of the century. So far, the world is on course for a 3- to 4-degree Celsius rise, with potentially dramatic consequences for many countries, including rising sea levels and fiercer storms.

Negotiators in Madrid left some of the thorniest issues for the next climate summit in Glasgow in a year, including the liability for damages caused by rising temperatures that developing countries were insisting on. That demand was resisted mainly by the United States.

U.N. Secretary-General António Guterres said he was ‘disappointed’ by the meeting’s outcome.

“The international community lost an important opportunity to show increased ambition on mitigation, adaptation and finance to tackle the climate crisis,” he said.

“We must not give up and I will not give up.” “It’s sad that we couldn’t reach a final agreement on carbon markets”, admitted the climate summit’s chair, Carolina Schmidt, Chile’s environment minister.

“We were on the verge” she said, adding that the goal was to establish markets that are “robust and environmentally sustainable.”

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Printable version | Jan 20, 2020 4:29:29 PM | https://www.thehindu.com/news/international/major-states-snub-calls-for-climate-action-as-un-summit-wraps-up/article30312351.ece

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