COP27 goes into overtime as consensus elusive on key issues

Countries In Huddle To Seal Outcome Text

- Vishwa.Mohan timesgroup.com

Sharm el-Sheikh: Unable to find consensus over a new draft text of the COP27 outcome released Friday morning, countries continue to be in a huddle beyond the scheduled wrap up time of the climate conference to find some landing zones on crunch issues of loss and damage, climate finance and higher mitigation goal.

The new draft text, a condensed version of the informal document (non-paper) released a day before, calls for deep and rapid emission cuts to keep the 1.5 degree celsius goal alive, accelerate clean energy transition this decade and phase down unabated coal power and phase out and rationalise inefficient fossil fuel subsidies (reiteration of COP26 outcome).