Now things are starting to happen in a positive direction, says climate and environment minister Espen Barth Eide about the climate summit to news. – A couple of minutes ago, all the important groups agreed on the wording of this new fund on “loss and damage”. he adds. According to an EU source, the parties have agreed on this point, writes AFP. Loss and damage is about rich countries having to pay for devastation that comes as a result of climate change. In the draft of the agreement, it is stated that a new fund will be established to help developing countries cope with the costs of devastation caused by climate change. The details will be finalized during COP28 in Dubai next year. Eide says that together with other countries they came up with input for the presidency’s proposal, and that they were just approved. – Now it looks like we are very close to a solution on the track that has to do with funds and “loss and damage” financing, says Eide. OPTIMISTIC: After the presidency presented a new draft of the final statement, Espen Barth Eide has become more positive. Photo: Truls Alnes Antonsen / news Still concerned about the 1.5 degree target At the press conference the ministers stated they were concerned about the 1.5 degree target. – The preliminary draft presented by the Egyptian leadership risks compromising the Paris Agreement, New Zealand, Norway and Canada say in a joint statement. – These last few hours of the negotiations are critical for keeping the 1.5 degree target alive, says climate and environment minister Espen Barth Eide. Although the negotiations are moving in a positive direction, Eide believes that there is still a lot of work to be done with the 1.5 degree target, especially concrete measures to work on reducing emissions. Hot point The longer the negotiations go into overtime, the more difficult it will be to keep the delegates together. Several ministers have already left Egypt because they have other commitments. The EU has previously said that they would rather have no result than a bad result. It is especially these points that have been difficult to agree on; A sustainable framework that compensates for loss and damage as a result of climate change to developing countries. Strengthening the obligation to limit global warming to an average of a maximum of 1.5 degrees. A clearer commitment to phase out fossil fuels such as oil, gas and coal. The Ghanaian climate activist Nakeeyat Dramani was met with a standing ovation during Cop 27 in Egypt on Friday. Those with responsibility, step up their efforts, she said. Loss and damage For the first time, loss and damage was an official item on the agenda at COP27. All countries agree that this is an important point, but disagree on how to solve this point in practice. Some poor countries would like to have a new fund for this purpose and other countries would investigate whether an existing UN body can be used to share the money. Together with Great Britain and Australia, Norway has given support to a proposal from the EU to establish a fund for loss and damage and particularly vulnerable countries. In the first draft of the final declaration, there were no proposals for how to finance loss and damage. – There is a clear lack of trust between north and south, and between rich and emerging countries. This is not the time to blame others. Blaming each other is a recipe for guaranteed mutual destruction, Guterres said from the summit in Sharm el-Sheikh on Thursday. An inflatable globe next to a sign that says “1.5 degrees to survive” Photo: Peter Dejong / AP The 1.5-degree target Several countries have been critical that the proposal that was put forward was too weak, especially on the point of limiting global warming to 1.5 degrees. – The EU is united in our ambition to move forward and build on what we agreed on in Glasgow. Our message is clear: we cannot accept that the 1.5 degree target dies here and today, said the EU’s climate chief Frans Timmermans on Twitter. EU climate chief Frans Timmermans meets the press at the climate summit. Photo: Peter Dejong / AP On Saturday, the EU rejected a proposal from COP27 host country Egypt at the climate summit. The publisher was criticized for not being ambitious enough when it comes to reducing carbon emissions. – At this stage, the Egyptian presidency saw question marks about the goals that were set in Glasgow, a spokesman for the French energy minister told AFP, referring to the outcome of COP26 last year. Climate and Environment Minister Espen Barth Eide was also disappointed by the draft. – We must have a new draft that is much clearer and that concretizes the plans to stay on the 1.5 degree target, and that is more constructive on this important topic of loss and damage, says Eide. COP27 will be held in Sharm el-Sheikh, Egypt. Photo: Thomas Hartwell / AP Fossil fuels Another important topic at this year’s climate summit has been oil, coal and gas. At the previous climate summit in Glasgow, it was the point about coal that almost overturned the entire final declaration. In the end, it was agreed to phase down the use of coal, the most polluting of the fuels. This time, India would extend this point to also apply to oil and gas. But the draft published on Thursday does not go further than the Glasgow declaration on this point.
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Agreement on loss and damage fund – news Urix – Foreign news and documentaries
