After two weeks of tense negotiations, the COP27 climate summit in Egypt has ended with mixed results. The talks were supposed to end on Friday, but they went through Friday night and then through Saturday night. At 4:15 am on Sunday, the gavel finally came down on the “loss and damage” deal.

Over a decade ago, richer countries agreed to provide $100 billion a year to developing nations to reduce emissions by the end of 2020. But developing nations have been calling for much more and asked for additional payments for “loss and damage.”

The world leaders made progress at COP27 by agreeing to create a new global fund to support developing countries hit by climate change. Developed countries such as US and Britain will help foot the bill for damage caused by global warming.

However, no deal was reached to reduce the use of fossil fuels. Many nations wanted the targets for emission reductions to be much stronger. Larger developing economies such as India and China have so far been reluctant to agree to phase out the most polluting fossil fuels.

To minimize the climate damage, scientists say, countries need to limit global warming to 1.5C —this was first agreed at the Paris climate conference seven years ago. Despite this, there were no further cuts to greenhouse gas emissions, other than what had already been agreed at COP26 in Glasgow last year.

“Emissions peaking before 2025, as the science tells us is necessary. Not in this text. Clear follow-through on the phase down of coal. Not in this text. A clear commitment to phase down all fossil fuels? Not in this text,” said the UK’s Climate Envoy, Alok Sharma.

There have been questions in Sharm el-Sheikh over whether the COP system is delivering. The true impact of all of this will be seen at COP28 next year in Dubai, the Arab Emirates, a leading oil and gas producer.

READ ALSO

Biden’s schedule for November 29, 2022 is out

EST 11:55 AM President Biden departs the White House en route Joint Base Andrews                              12:25 PM President Biden departs Joint Base Andrews en route Freeland, Michigan                              2:05 PM President Biden arrives in Freeland, Michigan                            2:35 PM President Biden tours the SK SiltronCSS facility …

Keep reading

more from the pavlovic today

Biden’s schedule for November 28, 2022 is out

EST 10:30 AM President Biden receives the Presidential Daily Briefing 1:30 PM President Biden hosts a congratulatory visit with 2022 Nobel Prize Winners from the United States  Briefing Schedule 2:30 PM Press Briefing by Press Secretary Karine Jean-Pierre and National Security Council Coordinator for Strategic Communications John Kirby

Keep reading

Nicola Sturgeon Looks For A Plan B For Independent Scotland

Scotland cannot hold an independence referendum without the consent of the UK government, the UK’s Supreme Court ruled on Wednesday. “A lawfully held referendum would have important political consequences relating to the Union and United Kingdom Parliament,” noted Supreme Court President Lord Reed. “The Scottish parliament does not have the power to legislate for a referendum…

Keep reading

Season Of Gratitude:Biden’s Thanksgiving In Nantucket    

On Tuesday evening, the President and the First Lady departed the White House for Nantucket, Massachusetts, to celebrate Thanksgiving.  Spending Thanksgiving in Nantucket is a Biden tradition. The first family has spent every Thanksgiving since 1975 in Nantucket, except in 2020, when due to the COVID pandemic, Biden stayed at his home in Delaware The…

Keep reading

British Tesco Implements Rations On Egg Purchase

Due to supply issues, British Tesco is now limiting the number of egg boxes per consumer. Customers are allowed to purchase three boxes at a time.  Grocery stores, Asda and Lidl, have also implemented rations on the product at some of their stores.  The existing shortages are partially due to producers cutting back on output…

Keep reading

Newsroom—ThePavlovicToday.com

Newsroom at The Pavlovic Today

Leave a comment

Your email address will not be published. Required fields are marked *