The climate summit concludes with a minimum agreement to compensate the most vulnerable countries

The climate summit concludes with a minimum agreement to compensate the most vulnerable countries

In Egypt, the climate summit ended with an in-extremis and minimal agreement. The establishment of a fund to compensate the countries most affected by climate change averts the landslide failure of the appointment. However, there has been no progress on what matters: reducing emissions and reducing fossil fuels. After tough negotiations and more than a day’s extension, the deal came late, at dawn, and without much enthusiasm. The greatest achievement is that, for the first time, the wealthiest nations have agreed to set up a fund to pay for the losses caused by global warming to the most vulnerable countries. But at the moment neither the economic amount nor the countries that will receive this aid are certain.An agreement that is considered the minimum for the European bloc. “We should have done more,” they say, because there is no progress in reducing emissions. Another key issue for the EU and environmentalists was redefining a plan to reduce fossil fuel use. They warn that Spain will have to more than double its emissions reduction target for 2030. And although in this respect little has changed since the Glasgow summit, the Union still scores a few points. after all, the maximum limit of temperature rise remains at 1.5 degrees and not 2 as China has proposed. An agreement in extremis with little progress in the fight against the climate.-Editorial-



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