U.N. deal: Calamity cash, but no new emissions cuts
SHARM EL-SHEIKH, EGYPT — For the first time, the nations of the world decided to help pay for the damage an overheating world is inflicting on poor countries, but they finished marathon climate talks on Sunday without further addressing the root cause of those disasters — the burning of fossil fuels.
The deal, gaveled around dawn in this Egyptian Red Sea resort city, established a fund for what negotiators call loss and damage.
It was a big win for poorer nations that have long called for money — sometimes viewed as reparations — because they are often the victims of climate-worsened floods, droughts, heat waves, famines and storms despite having contributed little to the pollution that is heating up the globe.
It has also long been called an issue of equity for nations hit by weather extremes and small island states that face an existential threat from rising seas.
“Three long decades and we have finally delivered climate justice,” said Seve Paeniu, the finance minister of Tuvalu. “We have finally responded to the call of hundreds of millions of people across the world to help them address loss and damage.”
Pakistan’s environment minister, Sherry Rehman, said the establishment of the fund “is not about dispensing charity.”
“It is clearly a down payment on the longer investment in our joint futures,” she said, speaking for a coalition of the world’s poorest nations.
Antigua and Barbuda’s Molwyn Joseph, who chairs the organization of small island states, described the agreement as a “win for our entire world.”
“We have shown those who have felt neglected that we hear you, we see you, and we are giving you the respect and care you deserve,” he said.
The deal followed a game of chicken, with nations that supported the fund also signaling they would walk away if there was any backsliding on language on the need to slash greenhouse gas emissions.
Early Sunday morning, delegates approved the compensation fund but had not dealt with the contentious issues of an overall temperature goal, emissions cutting and the desire to target all fossil fuels for phase down. Through the wee hours of the night, the European Union and other nations fought back what they considered backsliding in the Egyptian presidency’s overarching cover agreement and threatened to scuttle the rest of the process.
The package was revised again, removing most of the elements Europeans had objected to but adding none of the heightened ambition they were hoping for.
“What we have in front of us is not enough of a step forward for people and planet,” a disappointed Frans Timmermans, executive vice president of the European Union, told his fellow negotiators. “It does not bring enough added efforts from major emitters to increase and accelerate their emissions cuts.
“We have all fallen short in actions to avoid and minimize loss and damage,” Timmermans said. “We should have done much more.”
Germany’s Foreign Minister Annalena Baerbock likewise voiced frustration.
“It is more than frustrating to see overdue steps on mitigation and the phase-out of fossil energies being stonewalled by a number of large emitters and oil producers,” she said.
The agreement includes a veiled reference to the benefits of natural gas as low emission energy, despite many nations calling for a phase down of natural gas, which does contribute to climate change.
While the new agreement doesn’t ratchet up calls for reducing emissions, it does retain language to keep alive the global goal of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit). The Egyptian presidency kept offering proposals that harkened back to 2015 Paris language which also mentioned a looser goal of 2 degrees. The world has already warmed 1.1 degrees (2 degrees Fahrenheit) since pre-industrial times.
Nor did the final deal expand on last year’s call to phase down global use of “unabated coal” even though India and other countries pushed to include oil and natural gas in language from Glasgow. That too was the subject of last minute debate, especially upsetting Europeans.
Last year’s climate talks president chided the summit leadership for knocking down his efforts to do more to cut emissions with a forceful listing of what was not done.