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Climate fund breakthrough offers 'hope' at UN COP27 talks

The Paris Agreement said global warming should be slashed to well below two degrees Celsius from pre-industrial levels, and preferably to the safer rise of 1.5C

COP27 host Egypt scrambled to salvage UN climate talks Saturday with the European Union and Pakistan signalling a breakthrough over the contentious issue of “loss and damage” funding for climate vulnerable nations.  

Nearly 200 countries’ representatives have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action to fight climate change as the world faces a worsening onslaught of weather extremes.

But the talks stalled over the terms under which wealthy polluters provide “loss and damage” funding for countries wracked by climate disasters, as well as over ratcheting up ambition in tackling global warming.

After the European Union roundly rejected a document shown by Egypt overnight because of concerns it was weak on curbing emissions, a source from the bloc said at least the loss and damage issue was “agreed” as far as it was concerned. 

A European source confirmed “a deal has been reached on loss and damage which targets the fund to vulnerable countries”.

The agreement was still subject to confirmation at a closing meeting. 

Pakistan’s Climate Minister Sherry Rehman said she was “hopeful of a positive outcome” on loss and damage, with last details still being worked out to get the final agreement over the line.

She said a deal would be the culmination of a 30-year campaign by developing countries. 

“If that happens today, that will be a historic reminder to vulnerable people all over the world that they have a voice and that if they unite… we can actually start breaking down barriers that we thought were impossible,” she told AFP. 

Pakistan — struck by devastating heat waves and floods this year — chairs the G77 and China bloc of 134 developing nations, which has campaigned strongly for a fund for loss and damage to be agreed at COP27.

With around 1.2C of warming so far, the world has seen a cascade of climate-driven extremes in recent months, shining a spotlight on the plight of developing countries faced with escalating disasters, as well as an energy and food price crisis and ballooning debt. 

The World Bank has estimated the Pakistan floods alone caused $30 billion in damage and economic loss. 

– Temperature check –

But with countries continuing to raise concerns over ambitions on cutting emissions and tackling global warming, the outcome of the climate talks remained uncertain. 

An informal coalition of “high ambition” countries has called for strong language on cutting emissions, moving away from planet-heating fossil fuels and to reaffirm the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels.

Scientists say this is a far safer guardrail against catastrophic climate impacts, with the world currently far off track and heading for around 2.5C of warming under current commitments and plans.

Colombian Environment Minister Susana Muhamad said to be “viable” the climate talks would need both a loss and damage fund and a commitment to 1.5C with clear signals that the world was not “going back”.  

Tom Evans of the think tank E3G said a draft document covering ambitions for curbing planet-heating emissions is “a copy-paste” of the agreement made at Glasgow, without building on the agreement made a year ago. 

Earlier, the EU indicated it was willing to walk out of the negotiations altogether over the issue.

European Commission Vice President Frans Timmermans warned that if not enough is done to slash emissions and keep 1.5C alive, “there is no amount of money on this planet that will be able to address the misery that will occur through natural disasters, etc. that we’re already seeing”.

– ‘Fragile’ first –

A draft decision document on creating a specific loss and damage fund was published by the Egyptian presidency on Saturday. 

It takes some language from three earlier proposals — from the EU, Britain and G77 — and appears to kick some of the thornier issues, particularly over the sources of funding, into next year. 

“The draft decision on loss and damage finance offers hope to the vulnerable people that they will get help to recover from climate disasters and rebuild their lives,” said Harjeet Singh, head of global political strategy at Climate Action Network International.

An agreement on loss and damage would mark a major shift for wealthier nations, which have long resisted the idea of loss and damage over fears of open-ended liability. 

The EU has called for the fund to prioritise the most climate-vulnerable countries as recipients.

They also said the money should come from a “broad funder base” — code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

China’s envoy Xie Zhenhua told reporters Saturday that the fund should be for all developing countries. 

However, he added: “I hope that it could be provided to the fragile countries first.” 

Climate fund breakthrough offers 'hope' at UN COP27 talks

The Paris Agreement said global warming should be slashed to well below two degrees Celsius from pre-industrial levels, and preferably to the safer rise of 1.5C

COP27 host Egypt scrambled to salvage UN climate talks Saturday with the European Union signalling a breakthrough over the contentious issue of “loss and damage” funding for climate vulnerable nations.  

Nearly 200 countries’ representatives have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action to fight climate change as the world faces a worsening onslaught of weather extremes.

But the talks stalled over the terms under which wealthy polluters provide “loss and damage” funding for countries wracked by climate disasters, as well as over ratcheting up ambition in tackling global warming.

After the European Union roundly rejected a document shown by Egypt overnight, a source from the bloc said at least the loss and damage issue was “agreed” as far as it was concerned. 

A European source confirmed “a deal has been reached on loss and damage which targets the fund to vulnerable countries”. 

A draft document on creating a specific loss and damage fund was published by the Egyptian presidency on Saturday. 

It takes some language from three earlier proposals — from the EU, Britain and the G77 and China bloc of 134 developing nations — and appears to kick some of the thornier issues, particularly over the sources of funding, into next year. 

“The draft decision on loss and damage finance offers hope to the vulnerable people that they will get help to recover from climate disasters and rebuild their lives,” said Harjeet Singh, head of global political strategy at Climate Action Network International.

– Temperature check –

Earlier, European Commission Vice President Frans Timmermans said the EU would “rather have no result than a bad result” and was willing to walk out of the negotiations altogether.

The EU wants COP27 to have strong language on cutting emissions and to reaffirm the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels.

Scientists say this is a far safer guardrail against catastrophic climate impacts, with the world currently far off track and heading for around 2.5C of warming under current commitments and plans.

“We are not here to produce papers, but to keep the 1.5C target alive,” said German Foreign Minister Annalena Baerbock. 

The Egyptian COP27 presidency also released a new draft final statement that states the need to accelerate “efforts towards the phasedown of unabated coal power and phase-out of inefficient fossil fuel subsidies”.

And another document was released specifically covering ambitions for curbing planet-heating emissions. 

On the need to be more ambitious in slowing the rise in global temperatures, Tom Evans of the think tank E3G said it is “a copy-paste” of the agreement made at Glasgow without building on the agreement made a year ago. 

– Make or break –

Many developing countries see the creation of a loss and damage fund at this meeting as a defining issue of the talks.  

The G77 and China bloc called for the immediate creation of such a fund at COP27, with operational details to be agreed later.

A counter proposal from the EU called to prioritise the most climate-vulnerable countries as recipients.

They also said the money should come from a “broad funder base” — code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

Earlier, Timmermans warned that if not enough is done to slash emissions and keep 1.5C alive, “there is no amount of money on this planet that will be able to address the misery that will occur through natural disasters, etc, that we’re already seeing,” he said.

Under the 2015 Paris Agreement, countries agreed to limit global warming to “well below” 2C and preferably 1.5C. 

This more ambitious 1.5C target was embraced last year in Glasgow, with countries agreeing to annually review their carbon reduction goals.

With around 1.2C of warming so far, the world has seen a cascade of climate-driven extremes in recent months — from floods in Pakistan and Nigeria to heatwaves and droughts across the world.

That has shone a spotlight on the plight of developing countries faced with escalating disasters, as well as an energy and food price crisis and ballooning debt. 

The World Bank has estimated the Pakistan floods alone caused $30 billion in damages and economic loss. Millions of people were displaced and two million homes destroyed.

COP27 participants have criticised Egypt’s handling of the talks, which have gone far into overtime. 

NASA Moon mission 'exceeding' expectations

NASA's Orion spacecraft en route for the Moon, with the Earth in the background, in a photo released by NASA in November 2022

On the third day after lifting off from Florida bound for the Moon, the Orion spacecraft is “exceeding performance expectations,” NASA officials said on Friday. 

The spacecraft is to take astronauts to the Moon in the coming years — the first to set foot on its surface since the last Apollo mission in 1972. 

This first test flight, without a crew on board, aims to ensure that the vehicle is safe.

“Today we met to review the Orion spacecraft performance… it is exceeding performance expectations,” said Mike Sarafin, head of the Artemis 1 mission. 

The spacecraft’s four solar panels, about 13 feet (four meters) long, deployed correctly and are providing more energy than expected, said Jim Geffre, the Orion manager at the Johnson Space Center in Houston. 

It is from that control center in Texas that the spacecraft is being piloted. 

Orion is already some 200,000 miles (320,000 kilometers) from Earth and preparing to perform the first of four main thrusts scheduled during the mission using its engines. 

This maneuver, which will take place early Monday morning, will bring the spacecraft as close as 80 miles (130 kilometers) from the lunar surface, in order to take advantage of the Moon’s gravitational force. 

Since this will take place on the far side of the Moon, NASA is expected to lose contact with the spacecraft for approximately 35 minutes.

“We will be passing over some of the Apollo landing sites,” said  flight director Jeff Radigan, although they will be in darkness. Footage of the flyover will be released by NASA.

Four days later, a second thrust from the engines will place Orion in a distant orbit around the Moon. 

The ship will go up to 40,000 miles beyond the Moon, a record for a habitable capsule. 

It will then begin the journey back to Earth, with a landing in the Pacific Ocean scheduled for December 11, after just over 25 days of flight. 

The success of this mission will determine the future of the Artemis 2 mission, which will take astronauts around the Moon without landing, then Artemis 3, which will finally mark the return of humans to the lunar surface. 

Those missions are scheduled to take place in 2024 and 2025, respectively. 

Sarafin also said Friday that 10 scientific micro-satellites had been deployed when the rocket took off, but that half of them were experiencing technical or communication problems. 

Those experiments, carried out separately by independent teams, will have no impact on the main mission, however.

Crunch climate talks teeter on the edge

The Paris Agreement said global warming should be slashed to well below two degrees Celsius from pre-industrial levels, and preferably to the safer rise of 1.5C

UN climate talks were thrown into disarray Saturday as the EU rejected a proposal by host country Egypt for lacking ambition on emissions cuts and warned it would rather leave with no deal than a bad one. 

Nearly 200 countries’ representatives have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of weather extremes.

But the talks have deadlocked over calls that wealthy polluters provide “loss and damage” funding for countries wracked by climate disasters, as well as over ambition in tackling global warming.

After negotiations stretched through the night following the last official day Friday, the European Union roundly rejected a draft document from Egypt.

European Commission Vice President Frans Timmermans said the EU would “rather have no result than a bad result” and was willing to walk out of the negotiations altogether.

But he added that the 27-nation bloc was still hoping for a good outcome.

The EU wants COP27 to have strong language on cutting emissions and to reaffirm the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels.

“We are not here to produce papers, but to keep the 1.5C target alive,” said German Foreign Minister Annalena Baerbock.

Egyptian Foreign Minister Sameh Shoukry, however, said he was still hopeful of a “breakthrough” and defended his proposal. 

“The vast majority of the parties indicated to me they considered the text as balanced and that they constitute a potential breakthrough that can lead to consensus,” he said.

– ‘Unacceptable’ for EU –

Many developing countries see the creation of a loss and damage fund at this meeting as a defining issue of the talks.  

The EU has put forward a proposal to create such a fund — but has called for a broader set of donors and prioritising the most climate-vulnerable countries as recipients. 

Timmermans said he was “worried” about the direction the negotiations took overnight.

He warned that if not enough is done to slash emissions and keep 1.5C alive, “there is no amount of money on this planet that will be able to address the misery that will occur through natural disasters, etc, that we’re already seeing,” he said.

With around 1.2C of warming so far, the world has seen a cascade of climate-driven extremes in recent months — from floods in Pakistan and Nigeria to heatwaves and droughts across the world.

An official from the French energy transition ministry told AFP that the proposal from the Egyptian presidency, which has not been published officially, sought to undermine gains in emission reductions made last year at the Glasgow climate talks.

“This is unacceptable for France and for European Union countries,” she said, adding that the proposed decision text would remove an obligation of countries to regularly strengthen their national targets in order to meet the 1.5C goal.

– Egypt criticised –

Under the 2015 Paris Agreement, countries agreed to limit global warming to “well below” two degrees Celsius compared to the late 19th century. 

They also signed on to an aspirational goal of capping the rise in temperature to 1.5C, which scientists subsequently confirmed was a far safer guardrail against catastrophic climate impacts.

This more ambitious 1.5C target was embraced last year in Glasgow, with countries agreeing to annually review their carbon reduction goals.

COP27 participants have criticised Egypt’s handling of the talks, which have gone far into overtime with little sign of consensus on a daunting list of areas under contention. 

The G77 and China bloc of 134 developing countries launched an opening gambit on loss and damage this week, with a proposal to create a fund at COP27, with operational details to be agreed later.

A compromise response from the EU, proposed late Thursday, suggested a fund specifically for the most vulnerable nations, saying the money should come from a “broad funder base” — code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

Britain and several other countries have circulated a new draft proposal document, seen by AFP and confirmed by a source close to the negotiations, which suggested the fund could be part of a range of “funding arrangements”.

Rich countries are also under pressure to finally fulfil promises to provide $100 billion a year to help developing countries green their economies and adapt to future impacts.

US to press for climate progress at 2023 APEC summit in San Francisco

US Vice President Kamala Harris has announced that San Francisco will host the 2023 APEC summit, with climate high on the agenda

Asia-Pacific leaders will gather in November 2023 in San Francisco with climate high on the agenda, Vice President Kamala Harris announced Saturday, offering an opportunity for a rare US visit by Chinese President Xi Jinping.

Harris, who is originally from the San Francisco Bay Area, announced the week beginning November 12, 2023 for the Asia-Pacific Economic Cooperation (APEC) summit, as this year’s meeting wrapped up in Bangkok.

“There is no better place to host APEC 2023 than California, a state known for economic innovation,” Harris said.

She said that President Joe Biden’s administration would focus the summit on sustainability and moving economies away from carbon as part of the fight against climate change.

“We will promote economic growth and prosperity for the American people, and people throughout the Indo-Pacific region,” she said, using another term for the Asia-Pacific.

During the talks in Bangkok, Harris asked leaders to prepare new targets for reducing emissions from the power sector in time for next year’s summit, a US official said.

She also proposed an APEC-wide goal on slashing methane, one of the most powerful greenhouse gases, which is released from oil and gas production and agriculture.

The official said Harris asked for specific commitments as most APEC nations already have longer-range goals on zeroing out the emissions responsible for climate change.

APEC, born in the 1980s, is focused on trade rather than political questions and each year offers an occasion for leaders of the 21 members to meet on the sidelines.

The APEC forum this year took place immediately after a summit in Bali of G20 economies, where Xi met Biden in their first meeting as heads of state.

Harris also spoke to Xi at the APEC summit, part of a renewed effort by the world’s two largest economies to prevent tensions from spiralling out of control.

Xi last visited the United States in 2017, meeting then-president Donald Trump at his Florida estate, but relations between the two countries later sharply deteriorated over trade, Taiwan, human rights and the Covid-19 pandemic.

Russia is also an APEC member but, unlike with Xi, the United States has made clear that it will not deal as normal with its President Vladimir Putin after he ignored warnings and invaded Ukraine in February.

The United States earlier announced that APEC foreign ministers will meet next year in Seattle and that trade officials would gather in Detroit.

The United States last hosted APEC in 2011 when then-president Barack Obama invited leaders to his birth state of Hawaii.

Climate damages are key flashpoint as UN COP talks go overtime

Climate activists protest outside the COP27 conference in Sharm el-Sheikh

Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went deep into the night with key sticking points over funding for countries wracked by climate disasters and ambition in tackling global warming.

The meeting at the Red Sea resort of Sharm el-Sheikh has been dominated by the controversial issue of climate “loss and damage” funds to help developing nations cope with the impacts of increasingly intense and costly floods, heatwaves and droughts.

Wealthy nations, long reluctant to discuss the issue over fears of liability, have accepted that vulnerable nations are facing devastating impacts.

But there are disagreements over who pays and which countries are considered particularly affected.

With nations struggling to find common ground, Britain and several other countries circulated new suggestions trying to break the deadlock late Friday.

The issue was among a daunting list of outstanding areas of contention at the COP27 talks, where representatives from nearly 200 countries have gathered with the aim of driving forward action on climate change as the world faces a worsening onslaught of weather extremes.

Egyptian Foreign Minister Sameh Shoukry, who chairs the COP27 talks, told delegates on Friday — the day talks were officially due to end — that the negotiations would go into Saturday.

“I remain concerned at the number of outstanding issues,” he said.

Delegates are looking to find agreement on emissions-cutting ambitions and reaffirm a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels, which scientists say is a safer guardrail to avoid the most dangerous impacts.

– Pressure over $100 bn promise –

Rich countries are also under pressure to finally fulfil promises to provide $100 billion a year to help developing countries green their economies and adapt to future impacts.

For many vulnerable countries loss and damage is the defining issue of the conference, with some saying the success of the meeting hinges on the creation of a specific fund at the Egypt talks.

Richer nations, which have previously baulked at the issue over fears of open-ended liability, have accepted that countries in the crosshairs of increasingly destructive climate-driven disasters need funding help, but have called for a broader set of donors — and prioritising the most climate-vulnerable countries as recipients.

The G77 and China bloc of 134 developing countries launched an opening gambit on loss and damage this week, with a proposal to create a fund at COP27, with operational details to be agreed later.

A compromise response from the European Union, proposed late Thursday, suggested a fund specifically for the most vulnerable nations saying the money should come from a “broad funder base” — code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

Britain and several other countries have circulated a new draft proposal document, seen by AFP and confirmed by a source close to the negotiations, which suggested the fund could be part of a range of “funding arrangements”.

The document, which has not been formally submitted to the UN process, suggested the new source of monies could be operationalised in two years.

But this would “only agree some ambiguous funding arrangements that kick the can down the road” said Mohamed Adow, of the think tank Power Shift Africa.  

NASA Moon mission 'exceeding' expectaions

NASA's Orion spacecraft en route for the Moon, with the Earth in the background, in a photo released by NASA in November 2022

On the third day after lifting off from Florida bound for the Moon, the Orion spacecraft is “exceeding performance expectations,” NASA officials said on Friday. 

The spacecraft is to take astronauts to the Moon in the coming years — the first to set foot on its surface since the last Apollo mission in 1972. 

This first test flight, without a crew on board, aims to ensure that the vehicle is safe.

“Today we met to review the Orion spacecraft performance… it is exceeding performance expectations,” said Mike Sarafin, head of the Artemis 1 mission. 

The spacecraft’s four solar panels, about 13 feet (four meters) long, deployed correctly and are providing more energy than expected, said Jim Geffre, the Orion manager at the Johnson Space Center in Houston. 

It is from that control center in Texas that the spacecraft is being piloted. 

Orion is already some 200,000 miles (320,000 kilometers) from Earth and preparing to perform the first of four main thrusts scheduled during the mission using its engines. 

This maneuver, which will take place early Monday morning, will bring the spacecraft as close as 80 miles (130 kilometers) from the lunar surface, in order to take advantage of the Moon’s gravitational force. 

Since this will take place on the far side of the Moon, NASA is expected to lose contact with the spacecraft for approximately 35 minutes.

“We will be passing over some of the Apollo landing sites,” said  flight director Jeff Radigan, although they will be in darkness. Footage of the flyover will be released by NASA.

Four days later, a second thrust from the engines will place Orion in a distant orbit around the Moon. 

The ship will go up to 40,000 miles beyond the Moon, a record for a habitable capsule. 

It will then begin the journey back to Earth, with a landing in the Pacific Ocean scheduled for December 11, after just over 25 days of flight. 

The success of this mission will determine the future of the Artemis 2 mission, which will take astronauts around the Moon without landing, then Artemis 3, which will finally mark the return of humans to the lunar surface. 

Those missions are scheduled to take place in 2024 and 2025, respectively. 

Sarafin also said Friday that 10 scientific micro-satellites had been deployed when the rocket took off, but that half of them were experiencing technical or communication problems. 

Those experiments, carried out separately by independent teams, will have no impact on the main mission, however.

Australia aims to host 2026 UN climate summit

Centre-left Albanese was swept to power this year on a wave of popular anger about the pro-fossil fuel stance of Australia's decade-old conservative government

Australia hopes to host the 2026 COP summit, Prime Minister Anthony Albanese said Saturday, seeking to overhaul his country’s reputation for foot-dragging on climate change.

“It is a good opportunity, I believe, for Australia to show and to host what is a major global event,” Albanese said during a visit to Bangkok.

Centre-left Albanese was swept to power this year on a wave of popular anger about the pro-fossil fuel stance of Australia’s decade-old conservative government.  

He has since introduced a 2050 net zero emissions target — not ambitious by world standards, but a near-revolution for Australia, one of the world’s largest gas and coal producers.

He has also vowed to co-host a COP summit with Pacific Island allies — who are under serious threat from rising sea levels and who have long criticised Australia’s climate change scepticism.

Albanese may have hoped to host the event before he faces reelection in 2025, but diplomatic horse-trading means 2026 is now more likely. 

The United Arab Emirates is slated to host the talks in 2023, a European country is hoping for the 2024 event and Brazil is bidding for the 2025 talks, leaving 2026 as the most likely option for Australia. 

“I’ve had a very positive response from all of the nations that I have raised it with,” Albanese said.

If the summit materialises, it would be symbolic of a dramatic shift for Australia.

At successive COP talks, the country’s delegation has been a thorn in the side of negotiators, refusing to compromise and winning deep carve-outs that significantly weakened overall agreements. 

The Climate Council’s Wesley Morgan — an expert on Australia and Pacific policy — described Australia’s COP bid as a “very big deal”.

It would, he argued, confirm Australia’s shift away from fossil fuels, improve sometimes fraught relations with the Pacific Islands and may force even Canberra to adopt more ambitious targets.

“Hopefully (it) means Australia will commit serious policy for deeper emissions cuts this decade,” he said.

Australia remains a large fossil fuel producer and coal mining provides thousands of jobs in key electoral districts. 

But simmering public anger at devastating bushfires and two years of massive flooding have boosted domestic support for change.

Albanese has vowed to turn the sun-kissed island-continent into what he calls a “renewable energy superpower”.

Gridlocked UN climate talks head deep into overtime

Climate activists protest outside the COP27 conference on November 17, 2022

Climate negotiators were locked in efforts to break the deadlock at UN COP27 talks Friday as nations tussle over funding for developing countries battered by weather disasters and ambition on curbing global warming.

Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of weather extremes.

As the summit in the Red Sea resort of Sharm el-Sheikh spilled into overtime late Friday, the controversial issue of climate “loss and damage” funding remained a key flashpoint.  

With wealthy and developing nations struggling to find common ground as talks went into the night, sources said Britain and several other countries, as well as the Alliance of Small Island States negotiating bloc, were circulating ideas in an attempt to find a compromise solution.  

For many vulnerable countries loss and damage is the defining issue of the conference, with some saying the success of the meeting hinges on the creation of a specific fund at the Egypt talks. 

Richer countries, which have previously baulked at the issue over fears of open-ended liability, have accepted that countries in the crosshairs of increasingly destructive climate-driven disasters need funding help, but have called for a broader set of donors — and prioritising the most climate-vulnerable countries as recipients.

They are also keen to steer the focus onto other critical issues, like finding agreement on emissions-cutting ambitions and reaffirming a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels, which scientists say is a safer guardrail to avoid the most dangerous impacts.

– ‘Crunch time’ –

A cascade of climate-driven extremes in recent months — from floods in Pakistan and Nigeria to heatwaves and droughts across the world — have shone a spotlight on the ferocious impacts of a warming world for emerging economies, as well as small island states threatened by sea level rise.

The G77 and China bloc of 134 developing countries launched an opening gambit on loss and damage this week, with a proposal to create a fund at COP27, with operational details to be agreed later.

Pakistan’s climate minister Sherry Rehman, whose country chairs G77+China, told delegates on Friday they were willing “to find common ground”.

A compromise response from the European Union, proposed late Thursday, suggested a fund specifically for the most vulnerable nations saying the money should come from a “broad funder base” — code for countries including China and Saudi Arabia that have become wealthier since they were listed as developing nations in 1992.

“I have to say this is our final offer,” European Commission Vice President Frans Timmermans told reporters on Friday morning.  

But with countries still unable to come to an agreement, Britain and several other nations circulated a new draft proposal document, seen by AFP and confirmed by a source close to the negotiations, which suggested the fund could be part of a range of “funding arrangements”.

The document, which has not been formally submitted to the UN process, suggested the new source of monies could be operationalised in two years. 

This would “only agree some ambiguous funding arrangements that kick the can down the road” said Mohamed Adow, of the think tank Power Shift Africa.  

One key country, the United States, has remained discreet, although a State Department spokesperson confirmed the parties are continuing to negotiate.

“It’s crunch time,” Rachel Cleetus, lead economist at the Union of Concerned Scientists’ climate programme, told AFP. “There’s no time anymore for the US to sit on the sidelines.” 

She said the United States and China, the world’s two biggest polluters, “can really unlock this” in view of a thaw in climate relations following a meeting between Presidents Joe Biden and Xi Jinping earlier this week in Bali.

That may be complicated by confirmation late Friday that US climate envoy John Kerry had tested positive for Covid-19 and was self-isolating. 

His spokesperson Whitney Smith said he was continuing to work with his team “and foreign counterparts by phone to ensure a successful outcome of COP27”.

  

– Heating up –

Canadian Environment Minister Steven Guilbeault told reporters earlier that countries were “close” to an agreement on loss and damage but that “the funds should include all large emitters, which would include a country like China, and Saudi Arabia and Qatar”.

Timmermans said he had explained the EU proposal to US delegates who were “very interested in seeing” the 1.5C target reaffirmed.

Vulnerable nations and many wealthy emitters have stressed the need to maintain the 1.5C goal, while observers are calling for stronger language in the final COP27 statement on curbing planet-heating fossil fuels. 

Even with new commitments, the world is on track to heat up by about 2.5C by the end of the century — enough, scientists say, to trigger dangerous climate tipping points. 

Gridlocked UN climate talks head into overtime

Climate activists protest outside the COP27 climate conference in Egypt

UN climate talks were extended by a day Friday in an effort to break a deadlock as nations tussle over funding for developing countries battered by weather disasters and ambition on curbing global warming.

Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of weather extremes.

But wealthy and developing nations struggled to find common ground on a host of crucial issues, as the summit in the Red Sea resort of Sharm el-Sheikh spilled into overtime.

Egyptian Foreign Minister Sameh Shoukry, who chairs the COP27 talks, told delegates that the negotiations would go into Saturday.

“I remain concerned at the number of outstanding issues,” he said.

The daunting list of tasks includes finding agreement on emissions cutting ambitions and reaffirming a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels, which scientists say is a safer guardrail to avoid the most dangerous impacts.

Rich countries are also under pressure to finally fulfil promises to provide $100 billion a year to help developing countries green their economies and adapt to future impacts. 

But for many vulnerable countries the defining issue at the conference is money for the “loss and damage” caused by climate change — a controversial issue previously blocked by wealthy countries fearful of open-ended liability.

– ‘Crunch time’ –

A cascade of climate-driven extremes in recent months — from floods in Pakistan and Nigeria to heatwaves and droughts across the world — have shone a spotlight on the ferocious impacts of a warming world for emerging economies, as well as small island states threatened by sea level rise.

The G77 and China bloc of 134 developing countries launched an opening gambit this week, with a proposal to create a loss and damage fund at COP27, with operational details to be agreed later.

A compromise response from the European Union, proposed late Thursday, suggested a fund specifically for the most vulnerable nations.

But one key country, the United States, has remained discreet.

“It’s crunch time,” Rachel Cleetus, lead economist at the Union of Concerned Scientists’ climate programme, told AFP. “There’s no time anymore for the US to sit on the sidelines.” 

A US State Department spokesperson declined to comment, citing ongoing negotiations.

Cleetus said the US and China, the world’s two biggest polluters, “can really unlock this” in view of a thaw in climate relations following a meeting between Presidents Joe Biden and Xi Jinping earlier this week in Bali. 

Cleetus added China should also make its position clear, particularly on the issue of whether it would contribute to such a fund and pledge not to draw from it.  

  

– ‘Our final offer’ –

European Commission Vice President Frans Timmermans told reporters on Friday that the EU offer had two “very important” conditions that differ from the G77 proposal.  

It should be for “the most vulnerable” nations, he said, and the money should come from a “broad funder base” — code for countries including China that have become wealthier since they were listed as developing nations in 1992.

“I have to say this is our final offer,” Timmermans said.

Canadian Environment Minister Steven Guilbeault told reporters countries were “close” to an agreement but that “the funds should include all large emitters, which would include a country like China, and Saudi Arabia and Qatar”.

Pakistan’s climate minister Sherry Rehman, whose country chairs G77+China, expressed a willingness for “working with each other to find common ground”.

“It is up to all of us to steer a path that sends a powerful message from this COP,” she said.

She said the G77 had zeroed in on one of the options put forward in a draft loss and damage text “with a few changes that have been submitted and we are working on with each other”.

Timmermans said he had explained the EU proposal to US delegates who were “very interested in seeing” the 1.5C target reaffirmed.

Vulnerable nations and many wealthy emitters have stressed the need to maintain the 1.5C goal, while observers are calling for stronger language in the final COP27 statement on curbing planet-heating fossil fuels. 

Even with new commitments, the world is on track to heat up by about 2.5C by the end of the century — enough, scientists say, to trigger dangerous climate tipping points. 

With tight restrictions on demonstrations, several dozen activists on Friday protested inside the venue, holding signs demanding rich countries “pay up for loss and damage”. 

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