BREAKING: After two weeks of negotiations on tackling global warming, delegates from almost 200 nations have postponed a key decision on global carbon markets until next year.
Activists protest outside of the COP25 climate talks congress in Madrid, Spain, Saturday, Dec. 14, 2019. The United Nations Secretary-General has warned that failure to tackle global warming could result in economic disaster.
But despite holding the longest climate talks ever in 25 nearly annual editions they left one of the thorniest issues for the next summit in Glasgow, in a year’s time. “Thankfully, the weak rules on a market based mechanism, promoted by Brazil and Australia, that would have undermined efforts to reduce emissions has been shelved,” said Mohamed Adow, director of Power Shift Africa, a campaign group.
So far, the world is on course for a 3- to 4-degree Celsius rise, with potentially dramatic consequences for many countries. “The Paris Agreement may have been the victim of a hit-and-run by a handful of powerful carbon economies, but they are on the wrong side of this struggle, the wrong side of history,” said Jennifer Morgan, Greenpeace International’s executive director.
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