COP27 has been extended for at least one more day, but there is no concrete sign that negotiators are close to an agreement to expand the fight against climate change.
On the contrary, some countries are already starting to say that this year’s Climate Summit may fail.
One of them, the powerful Frans Timmermans, vice-president of the European Union and responsible for the bloc’s climate negotiations, publicly said this Saturday morning (19) that European environment ministers were prepared to walk out of the summit if a reasonable agreement could not be reached. be achieved.
“We’d rather have no decision than a bad deal,” he said.
A negotiator from a European country that is not part of the European Union told CNN that he was beginning to “smell failure” in the air.
Many of the negotiators and delegates present at COP27 complain about the presidency of the event, in the hands of the host country, Egypt.
Some say there has never been a summit as troubled and disorganized — in many ways. From basic structure problems such as few places to eat and a very weak internet to the lack of better political coordination in the negotiations.
Traditionally, it is up to the presidency of the COPs to organize the debates and force the negotiators to try to reach an agreement.
Last year, at COP26, in Glasgow, Scotland, it was up to the UK government to press countries for an agreement. At the time, the summit achieved significant progress – such as, for example, the decision to finally regulate the carbon market.
This year, however, negotiators are unable to make headway. According to one of them, heard by the CNN the positions of the country blocs are “very polarized”.
The main differences are due to one aspect in particular: money. Basically, COP27 can’t agree on who will foot the bill in the fight against global warming.
Rich countries refuse to accept pressure from developing nations to create a compensation fund for damages already suffered from extreme weather events – such as severe droughts or floods.
Developing countries, gathered in a group called “G77 plus China” (although it has more than 130 nations among its members), are particularly united in the demand for the immediate creation of the fund.
The group also demands that only rich countries pay the bill, so that it can be enjoyed by the entire bloc of developing nations.
The rich, on the other hand, resist fearing that such an agreement will create even more financial liabilities in the future.
The European Union presented at dawn on Friday a proposal that tried to reach a practical result.
The bloc suggested the creation of a fund, which would be paid by rich countries and also by large developing economies (China, India and, potentially, Brazil), but which could only be used by the most vulnerable nations.
Developing countries rejected the proposal, saying that the real intention of the Europeans was to split the G77.
Meanwhile, the United States, China and other major countries have not taken a stand – increasing the real chances of failure.
Source: CNN Brasil
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