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Developing world urges richer countries to keep climate promises at COP26 summit

Developing world urges richer countries to keep climate promises at COP26 summit

Global News
Tuesday, November 02, 2021 03:26:25 AM UTC

Rich nations pledged in 2009 to provide $100 billion per year by 2020 to help developing countries combat the consequences of climate change, a promise that has not materialized.

A crucial U.N. conference heard calls on its first day for the world’s major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions.

World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday.

The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.

The G20 is responsible for around 80% of global greenhouse gases and a similar proportion of carbon dioxide, the gas produced by burning fossil fuels that is the main cause of the rise in global temperatures which are triggering an increasing intensity of heatwaves, droughts, floods and storms.

“The animals are disappearing, the rivers are dying and our plants don’t flower like they did before. The Earth is speaking. She tells us that we have no more time,” Txai Surui, a 24-year-old indigenous youth leader from the Amazon rain forest, told the opening ceremony in Glasgow.

Delayed by a year because of the COVID-19 pandemic, COP26 aims to keep alive a target of capping global warming at 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial levels.

To do that, it needs to secure more ambitious pledges to reduce emissions, lock in billions in climate financing for developing countries, and finish the rules for implementing the 2015 Paris Agreement, which was signed by nearly 200 countries.

The pledges made so far would allow the planet’s average surface temperature to rise 2.7C this century, which the United Nations says would supercharge the destruction that climate change is already causing.

Read full story on Global News
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