Climate talks resume, proposal on coal phaseout still on table

Negotiators at the this year's UN climate talks pored over fresh proposals Saturday aimed at sealing a deal that could credibly be said to boost the world's efforts to tackle global warming

coal supply, power, energy, mining
Photo: Bloomberg
AP Glasgow
2 min read Last Updated : Nov 13 2021 | 3:31 PM IST

Negotiators at the this year's UN climate talks pored over fresh proposals Saturday aimed at sealing a deal that could credibly be said to boost the world's efforts to tackle global warming.

British officials chairing the talks in Glasgow, Scotland, released new draft agreements on Saturday after telling delegates from almost 200 nations late Friday to go and get some rest as the official deadline passed.

A proposal for the overarching decision retains contentious language calling on countries to accelerate efforts towards the phase-out of unabated coal power and inefficient fossil fuel subsidies.

But in a new addition, the text says nations will recognise the need for support towards a just transition a reference to calls from those working in the fossil fuel industry for financial support as they wind down jobs and businesses.

UK Prime Minister Boris Johnson said Friday that he believed an ambitious outcome is in sight at the two-week talks, which are now in overtime.

In another proposal, countries are encouraged to submit new targets for emissions reduction for 2035 by 2025, and for 2040 by 2030, establishing a five-year cycle. Previously, developing countries were expected to do so only every 10 years.

Scientists say the world is not on track to achieve the 2015 Paris accord's ambitious goal of capping global warming at 1.5 degrees Celsius (2.7 Fahrenheit) by the end of the century compared with pre-industrial times.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Climate Change talks UN climate talks

First Published: Nov 13 2021 | 3:31 PM IST

Next Story