GLASGOW – U.N. climate talks in Scotland ended with a global agreement aimed at keeping alive hopes of capping global warming at 1.5 degrees Celsius, and so maintain a realistic shot at saving the world from catastrophic climate change. The clause was hurriedly amended to ask countries to accelerate their efforts towards a coal power “phase down” instead of “phase out”. It urged rich countries to double finance for climate adaptation by 2025 from 2019 levels, offering funding that has been a key demand of small island nations at the conference. Adaptation funds primarily go to the very poorest countries and currently take up only a small fraction of climate funding. A U.N. committee will also report next year on progress towards delivering the $100 billion per year in overall annual climate funding that rich nations had promised by 2020 but failed to deliver.

Source: Philippine Daily Inquirer November 13, 2021 23:58 UTC