Success or COP-out: How do this year’s climate talks rate?
Associated PressSHARM EL-SHEIKH, Egypt — After two weeks of haggling, officials on Sunday cheered the end of this year’s U.N. climate talks in Egypt, which resulted in the creation of a fund to help poor countries suffering under disasters driven by global warming. However there was disappointment among environmentalists that the Sharm el-Sheikh meeting included “low-emission” energy — which some claim includes natural gas, a fossil fuel — in a resolution on the clean energy transition. Climate campaigners criticized that existing loopholes in already weak rules for emissions trading markets could allow polluters to keep pumping carbon into the atmosphere while claiming they’re meeting international targets — by simply paying others to offset their emissions. Experts said current rules hamper transparency and important language on protecting human rights was watered down, prompting fears that Indigenous peoples in particular could suffer as a result of carbon markets, say by being forced to leave their ancestral lands to make way for forestry projects used to sell emissions offsets.