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COP26 President Alok Sharma Apologizes For Watering Down of Glasgow Climate Pact
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November 13, 2021
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1:48Now PlayingThe President of #COP26 Alok Sharma was overcome with emotion as he apologized for an eleventh-hour watering down of the Glasgow Climate Pact.
Delegates at high-stakes COP26 climate talks in Glasgow agreed on a global deal to boost climate action after last-minute wrangling. They also approved rules that would create the framework for a global carbon market.
The final version of the broad document, named the Glasgow Climate Pact, kept contentious proposals despite last-minute pushback from China and India -- two of the world’s biggest emitters. That included language on reducing coal and fossil-fuel subsidies and coming back by next year with new climate targets. The proposals passed after an eleventh-hour watering down, negotiated in plain sight in the plenary room.
They also agreed to a set of sweeping rules on international carbon trading. Negotiators reached compromises on issues including how to avoid double-counting of credits and how to make sure a share of proceeds goes to helping poor nations adapt to a warming planet. Still, activists warned that those concessions could set back efforts to cut heat-trapping emissions.
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