Few changes as Cop26 draft text homes in on make-or-break issues

Analysis: Fossil fuel phaseout stays in but promise of funds for climate change damage may not be enough to sway poorer nationsThe new Cop26 draft text released on Saturday morning has relatively few changes, showing that the 196 countries at the global climate summit are narrowing down on the most contested issues that will make or break a strong agreement.The call for the phaseout of coal and fossil fuel subsidies remains, which is positive as many observers thought fossil fuel-rich nations would get it deleted. Decides that the Santiago network will be provided with funds to support technical assistance for the implementation of relevant approaches to avert, minimise and address loss and damageDecides to establish the [NAME] dialogue between parties, relevant organisations and stakeholders to discuss the arrangements for the funding of activities to avert, minimise and address loss and damage associated with the adverse impacts of climate change to take place at the first sessional period of the SBI, concluding at its 60th session Continue reading...