"SHARM el-SHEIKH, Egypt — A day before UN climate talks were supposed to wrap up, negotiators appeared to be far apart on all the major issues being discussed.
Will countries get behind a proposal to phase down all fossil fuels? Will the demands of developing nations that rich countries compensate them for climate impacts be part of a final deal? What about calls to lower interest rates and overhaul how world financing works so that developing nations can invest in green energies?
The resounding answer to all of these questions appeared to be “no” for most of Thursday, at least if one carefully parses rhetoric and readouts from closed-door meetings. That was not to say that a significant deal couldn’t be reached, however. There would be another round of talks on Friday with extensions into the weekend a possibility."
Peter Prengaman reports for the Associated Press November 16, 2022.
SEE ALSO:
"EU Tries to Break COP27 Deadlock With Offer on Loss and Damage Fund" (Bloomberg Green)
"Climate Talks Hit ‘Breakdown’ Over Finance, Fossil Fuels As Time Dwindles" (Washington Post)
"Egypt Takes Heat For Hosting Chaotic U.N. Climate Summit" (Washington Post)
"The World Is Divided by Rifts Over Climate Change" (Bloomberg Green)
"COP27 Gets Chaotic With Mysterious Draft Text, Elusive President" (Bloomberg Green)
"Congo Calls for Compensation to Stop Oil Drilling in Peatlands" (Bloomberg Green)
"U.S. Isolated On Loss And Damage" (E&E News)
"EU Shakes Up Climate Talks With Surprise Disaster Fund Offer" (AP)
"U.N. Carbon Market Talks To Drag Beyond COP27 As Deals Elusive" (Reuters)
"Bankers Bet Billions On New Wave Of Debt-For-Nature Deals" (Reuters)
"Meet the ‘Closer’ Who Finds the Right Words When Climate Talks Hit a Wall" (New York Times)
