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Cop27 as expected went into extra time. The pavilions are packed and the venue’s food and water supplies are running dry. This gets intense with the treatment.
Vulnerable nations are closer than ever to achieving what many thought would never happen – a dedicated facility for damage and economic loss.
The EU opened the door for him, putting the burden on the US holdout to negotiate a deal with China. Two world climate ambassadors spent hours in a room together on Thursday night and unfortunately one of them caught Covid.
In a press conference on Thursday, John Kerry said he had a cold but tested negative for Covid. Whitney Smith, a spokeswoman for the US State Department, said she was being investigated on Friday morning. Smith said his symptoms were “mild” and that he had been working all day from his hotel.
He was struck. Copa acts are still conducted in person, often on the floor of a plenary hall.
Finally, in the closing plenary year, Kerry continues from group to group making promises, assurances and threats to close the deal.
US businessmen still do this. But when the boss got to the clock in bed, the risk of slowing things down.
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The trillion dollar question: who pays?
The key to unlocking the talks is finding a way forward that reduces air damage in vulnerable regions.
“If you can get an agreement on damages and compensation for damages, I think everything will fall into place,” Alden Meyer said of E3G.
Easier said than done. The EU has opened the door to build a treasury of losses and damages this year, with conditions: China and other countries that have the ability to pay, and only vulnerable countries can receive the money. But there is no list that falls into each camp.
The EU says it will go hand in hand with higher emissions cuts to avoid increasing impacts. “This is our last offer,” said European climate chief Frans Timmermans.
Where the US stands on this will be critical. A proposal came out yesterday to meet “funding arrangements” that would include a dedicated fund, in hopes of going to the Washington side.
The money would come from public and private sources. Insurance, debt relief and global taxes on oil and gas could play a part in the mix. The details would be worked out when to complete it in 2024. That would be a huge move by the US, but will it?
Despite the lack of ardor of the Egyptian presidency, some people are still trying to get fossils under the cover of the text. Columbia takes a staff from India and pulls out the UK text with all the fossils it calls fossils.
“If we don’t have mitigation services, there can be a fund of damage and loss, but no fund will cover the consequences of climate change,” said Colombian environment minister Susana Muhamad.
We will soon find out if they are successful, with another draft expected on Saturday morning.
China will not pay – All the talk of expanding the donor base looks at the economic climate in China. But the ODI analysis found that China is still too poor and has low emissions per capita to pay. He found Qatar, Singapore and Israel more logical targets.
Chaos in Brussels – Luxembourg became the latest to announce that it will leave the Energy Charter negotiations on Friday. The European Council failed to agree on whether to withdraw the reforms at a conference on Tuesday. The reform would allow the world to stop investing in fossil fuels.
elsewhere in Egypt – While Cop27 officers were speaking last Tuesday, Alaa Abd el-Fattah tried to kill himself in his prison cell, his family said. On Friday, the same day US President Joe Biden and Egypt’s President Abdel Fattah el-Sisi traded jokes, felled and were fed intravenously.
Brazilian propaganda – The Brazilian government is showing off a slick virtual reality film for its skin at Cop27. The government calls for efforts to renew the Amazonian industry and to promote development, protecting nature. no mention of deforestation.
Shortfall accommodation – Accommodation Fund $230m in new pledges and contributions in 2022. Received in Germany the biggest donor close to $60m, followed by the US with $50m. Other European countries and Japan have contributed. The fund says it still has a pipeline of projects worth $380m.