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COP26: World leaders fail to honor climate pledge

The UN climate summit has been slammed as a failure after India and China weakened language on phasing out fossil fuels and historical polluters refused to accept liability for damage caused by extreme weather.

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The result of that semantic spat -- watered down to levels well below what scientists say is needed to halt global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial temperatures -- was among the hardest-fought outcomes of two weeks of international negotiations to stop the planet hurtling closer towards catastrophic changes in the climate.

Campaigners and analysts slammed the Glasgow Climate Pact for failing to make rich polluters pay reparations for losses and damages brought about by extreme weather events that climate change has turbocharged.

Rich countries now plan to pay poorer ones $100 billion a year to green their economies and adapt to the effects of climate change by 2023, despite having promised and failed to do so by 2020.

With international studies showing the costs of climate change running into the trillions, the sum of money is not enough to cover the costs of the transition and includes loans for which they will have to pay interest.

'The Australian way': how Morrison trashed brand Australia at COP26

by Oui on Sun Nov 14th, 2021 at 09:32:12 PM EST

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