Final declaration called for fresh proposals on pledges on reducing carbon emissions to be in place by COP26
by Alasdair Fotheringham
Madrid, Spain – After lengthy negotiations, delegations from nearly 200 countries at the COP25 climate summit have reached an agreement on stepping up the global response to cutting greenhouse gas emissions.
However, negotiators on Sunday stalled on an agreement on the regulation of carbon markets, one of the most critical and contentious issues at the climate change conference.
The final declaration called for fresh proposals on pledges on reducing carbon emissions to be in place by next year’s COP26. It also called for more ambition to close the gap between existing emissions pledges and goals of the 2015 Paris climate agreement.
Although negotiations at the IFEMA trade centre dragged on two days past the official deadline, delegates left the issue of regulating carbon markets until the COP26 summit in Glasgow.
COP25’s closing plenary eventually began on Sunday morning, more than 36 hours after the conference was due to finish on Friday evening, easily outstripping Durban 2011 as the longest COP to date.
Read more at https://www.aljazeera.com/news/2019/12/cop25-summit-fails-address-key-carbon-markets-issue-191215145030619.html
