The international climate talks were held for 14 days, 2 more days than the scheduled 12 days. Issues on which the talks have failed:
- Major polluters resisted calls to ramp up efforts to keep global warming.
- The regulation for global carbon markets was also postponed for the next year.
- In the end, delegates from almost 200 nations endorsed a declaration to help poor countries that are suffering the effects of climate change, although they didn’t allocate any new funds to do so.
The final declaration called on the “urgent need” to cut planet-heating greenhouse gases in line with the goals of the landmark 2015 Paris climate change accord.
What was the Paris accord?
The Paris accord established the common goal of avoiding a temperature increase of more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) by the end of the century. So far, the world is on course for a 3- to 4-degree Celsius rise, with potentially dramatic consequences for many countries, including rising sea levels and fiercer storms.
Negotiators in Madrid left some of the thorniest issues for the next climate summit in Glasgow in a year, including the liability for damages caused by rising temperatures that developing countries were insisting on. That demand was resisted mainly by the United States.
Source: The Hindu
Relevant for GS Prelims & Mains Paper III; Environment & Biodiversity