As was expected Cop26 talks continued but the third draft, which thankfully has much of the same text as yesterday’s version, has raised a lot of criticism for its language on ‘loss and damage.’

That part deals with the finance that the vulnerable countries are seeking but it seems that the US and EU are looking to minimise their responsibility to provide assistance to poorer nations.

Yesterday’s version had called for the creation of a ‘Glasgow Loss and Damage Finance Facility,’ to aid poor countries but the latest one only mentions “funding” without specifying a mechanism to deliver it.

According to Tracy Carty, head of Oxfam’s Cop26 delegation, “Here in Glasgow, the world’s poorest countries are in danger of being lost from view, but the next few hours can and must change the course we are on. What’s on the table is still not good enough.”

Tasneem Essop, the executive director of Climate Action Network, has described this text as a “clear betrayal” by rich nations. As reported by the Guardian, Essop stated:

“By blocking the AOSIS and G77+ China proposal, representing 6 billion people, on the creation of a Glasgow Loss and Damage Finance Facility, rich countries have once again demonstrated their complete lack of solidarity and responsibility to protect those facing the worst of the climate impacts.

We urge developing countries to act in the interest of their citizens and stand strong in the face of bullies.”

Negotiations are still in the works though and it remains to be seen if poor nations can haggle their way out of this.


From : pk.mashable.com

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