Gridlocked UN climate talks head deep into overtime
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Gridlocked UN climate talks head deep into overtime

World+Biz

BSS/AFP
19 November, 2022, 10:35 am
Last modified: 19 November, 2022, 10:38 am

Related News

  • UN urges end to 'illogic of escalation' between Israel, Palestinians
  • UN leprosy expert to visit Bangladesh
  • UN chief backs democracy for Myanmar 2 years after coup
  • UN calls on Taliban to let women help give aid to desperate Afghans
  • Both North and South Korea violated armistice with drone flights, UN command says

Gridlocked UN climate talks head deep into overtime

BSS/AFP
19 November, 2022, 10:35 am
Last modified: 19 November, 2022, 10:38 am
The United Nations headquarters building is pictured with a UN logo in the Manhattan borough of New York City, New York, U.S., March 1, 2022. REUTERS/Carlo Allegri
The United Nations headquarters building is pictured with a UN logo in the Manhattan borough of New York City, New York, U.S., March 1, 2022. REUTERS/Carlo Allegri

Climate negotiators were locked in efforts to break the deadlock at UN COP27 talks Friday as nations tussle over funding for developing countries battered by weather disasters and ambition on curbing global warming.

Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of weather extremes.

As the summit in the Red Sea resort of Sharm el-Sheikh spilled into overtime late Friday, the controversial issue of climate "loss and damage" funding remained a key flashpoint.

With wealthy and developing nations struggling to find common ground as talks went into the night, sources said Britain and several other countries, as well as the Alliance of Small Island States negotiating bloc, were circulating ideas in an attempt to find a compromise solution.

For many vulnerable countries loss and damage is the defining issue of the conference, with some saying the success of the meeting hinges on the creation of a specific fund at the Egypt talks.

Richer countries, which have previously baulked at the issue over fears of open-ended liability, have accepted that countries in the crosshairs of increasingly destructive climate-driven disasters need funding help, but have called for a broader set of donors -- and prioritising the most climate-vulnerable countries as recipients.

They are also keen to steer the focus onto other critical issues, like finding agreement on emissions-cutting ambitions and reaffirming a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels, which scientists say is a safer guardrail to avoid the most dangerous impacts.

'Crunch time'

A cascade of climate-driven extremes in recent months -- from floods in Pakistan and Nigeria to heatwaves and droughts across the world -- have shone a spotlight on the ferocious impacts of a warming world for emerging economies, as well as small island states threatened by sea level rise.

The G77 and China bloc of 134 developing countries launched an opening gambit on loss and damage this week, with a proposal to create a fund at COP27, with operational details to be agreed later.

Pakistan's climate minister Sherry Rehman, whose country chairs G77+China, told delegates on Friday they were willing "to find common ground".

A compromise response from the European Union, proposed late Thursday, suggested a fund specifically for the most vulnerable nations saying the money should come from a "broad funder base" -- code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

"I have to say this is our final offer," European Commission Vice President Frans Timmermans told reporters on Friday morning.

But with countries still unable to come to an agreement, Britain and several other nations circulated a new draft proposal document, seen by AFP and confirmed by a source close to the negotiations, which suggested the fund could be part of a range of "funding arrangements".

The document, which has not been formally submitted to the UN process, suggested the new source of monies could be operationalised in two years.

This would "only agree some ambiguous funding arrangements that kick the can down the road" said Mohamed Adow, of the think tank Power Shift Africa.

One key country, the United States, has remained discreet, although a State Department spokesperson confirmed the parties are continuing to negotiate.

"It's crunch time," Rachel Cleetus, lead economist at the Union of Concerned Scientists' climate programme, told AFP. "There's no time anymore for the US to sit on the sidelines."

She said the United States and China, the world's two biggest polluters, "can really unlock this" in view of a thaw in climate relations following a meeting between Presidents Joe Biden and Xi Jinping earlier this week in Bali.

That may be complicated by confirmation late Friday that US climate envoy John Kerry had tested positive for Covid-19 and was self-isolating.
 
His spokesperson Whitney Smith said he was continuing to work with his team "and foreign counterparts by phone to ensure a successful outcome of COP27".

Heating up

Canadian Environment Minister Steven Guilbeault told reporters earlier that countries were "close" to an agreement on loss and damage but that "the funds should include all large emitters, which would include a country like China, and Saudi Arabia and Qatar".

Timmermans said he had explained the EU proposal to US delegates who were "very interested in seeing" the 1.5C target reaffirmed.

Vulnerable nations and many wealthy emitters have stressed the need to maintain the 1.5C goal, while observers are calling for stronger language in the final COP27 statement on curbing planet-heating fossil fuels.

Even with new commitments, the world is on track to heat up by about 2.5C by the end of the century -- enough, scientists say, to trigger dangerous climate tipping points.

COP27 / Climate / UN

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    FDI from US halves in January-June 2022
  • A woman reacts while embracing another person, near rubble following an earthquake in Hatay, Turkey, February 7, 2023. REUTERS/Umit Bektas
    Earthquake deaths cross 4,800 in Turkey, Syria; severe weather hampers rescue operations
  • Photo: TBS
    BNP to hold march programmes in Dhaka on 9 and 12 February

MOST VIEWED

  • People stand in front of collapsed buildings following an earthquake in Kahramanmaras, Turkey, 3 February, 2023. Photo: Reuters
    Why is Turkey an earthquake hot spot?
  • Photo: Collected
    G20 members agree on joint efforts to achieve energy efficiency and security
  • A policeman walks past the Supreme Court building in Islamabad, Pakistan October 31, 2018. REUTERS/Faisal Mahmood/File Photo
    Pakistan supreme court orders taxpayers to deposit 50pc super tax in seven days
  • A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, 23 November, 2020/ Reuters
    China’s Baidu to finish testing ChatGPT-style project 'Ernie Bot' in March
  • A rescue team works on a collapsed building, following an earthquake in Osmaniye, Turkey February 6, 2023. REUTERS/Dilara Senkaya
    'Buildings folded like paper towels': Turkish survivors recount earthquake experiences
  • To boost tourism in Rangamati, at least 10 small and large resorts have been established in recent years. The resorts offer picturesque views away from the hustle and bustle of city life. Photo: TBS
    ADB predicts tourism in Asia-Pacific to rebound to pre-pandemic level by 2024

Related News

  • UN urges end to 'illogic of escalation' between Israel, Palestinians
  • UN leprosy expert to visit Bangladesh
  • UN chief backs democracy for Myanmar 2 years after coup
  • UN calls on Taliban to let women help give aid to desperate Afghans
  • Both North and South Korea violated armistice with drone flights, UN command says

Features

Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

4h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

3h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

5h | Panorama
Photo: Collected

Get your partner a lovely present this Valentine's Day

1d | Brands

More Videos from TBS

Challenging time waiting for RMG

Challenging time waiting for RMG

3h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

3h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

3h | TBS SPORTS
Harry Kane sets two record in one goal

Harry Kane sets two record in one goal

3h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net