No deal as longest climate talks end in Madrid

Carbon markets’ regulation put off.

Updated - December 15, 2019 11:09 pm IST

Published - December 15, 2019 06:32 pm IST - 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.

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.”

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.