Focus turns to climate finance after flurry of COP26 pledges

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Governments will push for agreement on Monday on how to help vulnerable countries deal with global warming and compensate them for damage already done, a test of whether developing and rich nations can end a standoff over cash for climate change.

At the start of a crunch week for the UN Climate talks in Glasgow, government ministers will get down to the nitty gritty of trying to honor earlier promises to pay for losses and damages and addressing questions of how best to help nations adapt to the effects of climate change.

But while developing countries want more money to help them adapt to higher temperatures that have caused more frequent droughts, floods and wildfires, developed nations have encouraged finance to go towards cutting emissions. After a week when many pledges were made and richer countries were accused by some developing nations of breaking past promises, Monday's session will focus on ministers' arguments on dealing with adaptation, loss and damage.There are just 5 days left at the Glasgow talks to cut deals needed to keep alive the possibility of capping global warming at 1.5 C above pre-industrial levels - the limit beyond which the world will be courting devastating climate impacts.

 

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