Negotiations for agreement stall, and the end of COP26 is postponed to Saturday

Protest in Lausanne, Switzerland, to demand effective commitments at COP26| Photo: EFE/EPA/LAURENT GILLIERON

The negotiations at the United Nations climate summit to contain global warming, which should have officially ended this Friday (12), will continue this Saturday (13), at 5:00 am (GMT), when the COP26 presidency will release a new draft. Sources linked to the negotiation said that the British presidency of the meeting will try to have the text approved by the 197 countries involved in the negotiation and that it serves to accelerate the decarbonization of the global economy.

The Glasgow climate summit, convened to build on the Paris Agreement and represent a milestone in the transition to the decarbonization of the planet, should have ended at 3 pm (GMT) this Friday. Later, the president of COP26, Alok Sharma, intends to convene a plenary in which the ministers involved in the negotiations will discuss the new text.

The main stumbling block in the negotiations concerns the concessions that major emitters and rich countries are willing to make in terms of financing developing nations to tackle climate change. Also problematic are the text’s references to the phasing out of coal as a source of energy generation and fossil fuel subsidies.

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