Tinpot dictators trying to milk Europe. Timmermans has harsh words for them. “I think our offer has led to an opening but that offer was very clear. The Loss and Damage fund should be targeted to the most vulnerable. No deal is better than a bad deal”
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> The European Union’s climate chief Frans Timmermans said the EU is “prepared to walk away” from UN climate talks in Egypt if progress is not made on keeping alive the target to limit global warming at 1.5 degrees Celsius by the end of the century.
> A positive outcome for the COP27 climate meeting in the Egyptian seaside town of Sharm El-Sheikh is still within reach, Timmermans said. The talks, scheduled to end on Friday, were extended for an additional day to allow countries to reach an agreement that takes climate action forward.
> “We are worried,” Timmermans said in a press conference alongside EU environment ministers. “The EU would rather have no decision than a bad decision.”
> The EU tried to break the stalemate after almost two weeks of negotiations on Thursday with a proposal to establish a finance facility to pay for the loss and damage that climate change causes in the world’s most vulnerable countries. In exchange, the EU wants countries to vow to peak global emissions before 2025 and phase down all fossil fuels.
> The offer spearheaded by the EU responds to the demands of developing nations that are suffering the most from extreme weather events fueled by global warming that they didn’t cause. The demand to phase down all fossil fuels is an incremental step from what countries agreed on in COP26 in Glasgow last year — to phase down unabated coal power.
> “The EU is united in our ambition to move forward and build on what we agreed in Glasgow,” Timmermans said. “Our message to partners is clear: we cannot accept that 1.5C dies here and today.”
> The COP27 presidency worked through the night to gather the views of different countries and come up with a text that balanced all views, the meeting’s president and Egyptian Foreign Affairs Minister Sameh Shoukry told the press on Saturday.
> “A vast majority of the parties indicated to me that they considered the text as balanced and that it constituted a breakthrough that could lead to consensus,” Shoukry said. “Every party has a full right to join consensus or not join consensus.”
Do they realize there is a high possibility that these damage funds will just be embezzeled by the corrupt officials in poor countries?
EU threatens to walk (like an Egyptian) away from CO027…
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Tinpot dictators trying to milk Europe. Timmermans has harsh words for them. “I think our offer has led to an opening but that offer was very clear. The Loss and Damage fund should be targeted to the most vulnerable. No deal is better than a bad deal”
—
> The European Union’s climate chief Frans Timmermans said the EU is “prepared to walk away” from UN climate talks in Egypt if progress is not made on keeping alive the target to limit global warming at 1.5 degrees Celsius by the end of the century.
> A positive outcome for the COP27 climate meeting in the Egyptian seaside town of Sharm El-Sheikh is still within reach, Timmermans said. The talks, scheduled to end on Friday, were extended for an additional day to allow countries to reach an agreement that takes climate action forward.
> “We are worried,” Timmermans said in a press conference alongside EU environment ministers. “The EU would rather have no decision than a bad decision.”
> The EU tried to break the stalemate after almost two weeks of negotiations on Thursday with a proposal to establish a finance facility to pay for the loss and damage that climate change causes in the world’s most vulnerable countries. In exchange, the EU wants countries to vow to peak global emissions before 2025 and phase down all fossil fuels.
> The offer spearheaded by the EU responds to the demands of developing nations that are suffering the most from extreme weather events fueled by global warming that they didn’t cause. The demand to phase down all fossil fuels is an incremental step from what countries agreed on in COP26 in Glasgow last year — to phase down unabated coal power.
> “The EU is united in our ambition to move forward and build on what we agreed in Glasgow,” Timmermans said. “Our message to partners is clear: we cannot accept that 1.5C dies here and today.”
> The COP27 presidency worked through the night to gather the views of different countries and come up with a text that balanced all views, the meeting’s president and Egyptian Foreign Affairs Minister Sameh Shoukry told the press on Saturday.
> “A vast majority of the parties indicated to me that they considered the text as balanced and that it constituted a breakthrough that could lead to consensus,” Shoukry said. “Every party has a full right to join consensus or not join consensus.”
Do they realize there is a high possibility that these damage funds will just be embezzeled by the corrupt officials in poor countries?
EU threatens to walk (like an Egyptian) away from CO027…