Pressure to speed cuts in carbon pollution took a back seat at UN climate talks that ended late Thursday.The stalemate in Bonn does not bode well for COP28, some have said.Pressure to speed cuts in carbon pollution took a back seat at UN climate talks that ended late Thursday night, as emerging economies, including China, demanded that rich ones vastly scale up climate financing.
Under current policies, the planet will warm nearly twice that much by 2100, according to the UN's climate science advisory panel. The EU, along with some of the world's poorest and most climate-vulnerable nations, seeks an accelerated timetable for slashing greenhouse gases, and wants the consensus-based UN forum to call for the phasing out of fossil fuels.
"We stand by our climate finance commitments," a delegate from the European Union insisted, pointing to a report jointly authored by Canada and Germany saying the $100 billion promise would finally be kept in 2023. "Countries are far off track," he said."I see a lack of ambition; a lack of trust; a lack of support; a lack of cooperation."