“Today, Friday, I will try to pull the pieces together and I will discuss [with] the different groups during the day”.
Advertisement
“After the consultations I’m having, I will be able, tomorrow morning at 9am [08:00 GMT], to present to all parties a text which I am sure will be approved and will be a great step forward for the whole of humanity”, Fabius said. “Armnepress” reports the aforementioned referring to Sputnik International.
Negotiators in Paris are locked in all-night meetings as they scramble to reach agreement on a deal to combat climate change.
Gao Feng, the Chinese Foreign Ministry’s special representative on climate change, played down differences between China and the United States, saying: “There are no special differences…”
The Paris conference was scheduled to end on Friday, but the annual United Nations talks rarely finish on time.
The question of compensation for countries most affect by climate change remains unresolved.
If the countries seal the deal in Paris, it will be signed in NY on April 22, 2016.
“The outlook is positive, but there is still a lot of work to be done”, said Elina Bardram, head of the European Union climate delegation.
“Things are moving in the right direction”, said Foreign Minister Laurent Fabius, who is presiding over the talks, according to the source.
Many developing countries are pressing for a deal that aims to keep temperatures below a 1.5-degree Celsius (2.7-degree Fahrenheit) rise over pre-industrial levels. Around 150 leaders including Barack Obama and Xi Jinping, of the world’s two biggest emitting countries, attended the summit at the start but have since made way to politicians and negotiators who kept talking through Wednesday and Thursday nights.
It would also see countries aiming to peak climate change-causing emissions as soon as possible, and “undertake rapid reductions thereafter towards reaching greenhouse gas emissions neutrality in the second half of the century”.
Estimates suggest aviation and shipping could account for as much as one-third of global emissions by 2050 as demand for air travel increases, and as emissions from other sectors such as energy are curbed.
While they accept they should take the lead on action and on paying for poor countries to deal with climate change, they also say that some of the major emerging economies such as China are already funnelling aid and investments to poorer nations and that should be acknowledged in the deal.
Kerry said he’s “hopeful” for an accord and has been working behind the scenes to reach compromises.
Advertisement
PARIS- Further negotiations and nitpicking on the differentiation between countries’ responsibilities, a lower global temperature cap and clearer climate finance have “slightly delayed” the finalization of a legally binding agreement seeking to cap global carbon emissions. Sticking points include how to finance mitigation and adaptation in developing countries, what level of commitments should be expected for wealthy versus poor nations, and the tracking of progress toward those commitments.
