07:26
The High Ambition Coalition is pleased with many aspects of the text but fears it will come under fire. Tina Stege, climate envoy of the Marshall Islands, said: “From my perspective, the presidency has reflected elements of the HAC’s input well in this text. The most ambitious elements are about to come under fire.
“We need to level up, not fall back, in this final stretch. We’re going to fight hard for the ambition in here, and to build on this text and fight for greater ambition, particularly on loss and damage.
“We will continue to champion 1.5, which is our coalition’s north star. Fossil fuel subsidies must end. We must double adaptation finance from current levels. Loss and damage is too central for us to settle for workshops. We must strengthen action on loss and damage. We need an article 6 resolution that results in real reductions. The zero-sum offsetting era must end.”
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07:24
Carrying blood red ribbons to represent the crucial red lines already crossed by Cop26 negotiators, hundreds of representatives of global civil society have walked out of the convention centre on the final day of the summit in protest.
The audience at the People’s Plenary in the conference blue zone heard speakers condemn the legitimacy and ambition of the 12-day summit before walking out to join protesters gathered on the streets beyond the security fencing.
“Cop26 is a performance,” the indigenous activist Ta’Kaiya Blaney, Tla A’min Nation told the meeting before the walk-out. “It is an illusion constructed to save the capitalist economy rooted in resource extraction and colonialism. I didn’t come here to fix the agenda – I came here to disrupt.”
Libby Brooks
(@libby_brooks)Civil society groups walking out of the final day of #cop26 en mass after the Peoples Plenary condemned the summit as a performance @COP26_Coalition pic.twitter.com/C11XhpyNHS
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06:32
“The text really shows the UK presidency chose to go with higher ambition, and then make [countries] fight to water it down, rather than choosing the cautious path of putting in loads of brackets and options to choose from,” says Jennifer Tollmann at the e3g think tank. She said progress was being made on the critical issue of money.
On the $100bn annual finance long promised by rich nations for clean energy development in poorer nations but never delivered in full, Tollmann said of the new draft text: “It’s a step up in the sense that we’ve not only acknowledged the shortfall in the $100bn, but we actually have a strong call to fully deliver it.”
On the money to help vulnerable nations to adapt to climate impacts, she said: “The finance side of adaptation is strengthened. Now finally have a clear date [of 2025] and a call for us to double global provision of adaptation finance from current levels.” That might mean about $40bn a year, she said.
On “loss and damage”, the funding for rebuilding after unavoidable impacts hit, Tollman said: “Stepping back, it is very notable that this is the time outside of Paris [text in 2015] that loss and damage actually gets its own section in a text. That really shows how the compensation [issue] has shifted at this Cop.”
Loss and damage is extremely controversial at Cop. Vulnerable and poorer nations insist it is a moral duty as compensation for a climate crisis they largely did not cause. Rich nations are fearful of being held legally accountable for vast compensation.
“But outside of the [new draft text], there’s still a tonne that has to be decided [on rules on carbon markets and emissions reporting]. This is definitely going to be a long night and potentially a long weekend,” Tollmann said.
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