Who Pays, Who Benefits Are 2 Sticking Points
Sharm el-Sheikh: Unable to find consensus over a new draft text of the COP27 outcome released on 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° 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).
This story is from the November 19, 2022 edition of The Times of India Mumbai.
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This story is from the November 19, 2022 edition of The Times of India Mumbai.
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