Disappointing UN climate talks leave ‘huge task’ for COP27 Egypt summit

Egyptian fishermen raise their nets without fish along a beach in the Red Sea shore at Port Said city, northeast of Cairo, on May 27, 2022. (REUTERS/Amr Abdallah Dalsh)
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Updated 18 June 2022
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Disappointing UN climate talks leave ‘huge task’ for COP27 Egypt summit

  • Tensions flare between rich and poorer, vulnerable nations
  • No major advances on climate finance, emissions reductions

CAIRO: A “disappointing” fortnight of UN talks in Bonn has left much work to be done just five months before a crucial climate summit, diplomats and analysts said, after negotiations failed to make concrete advances on efforts to tackle global warming.

At the closing session on Thursday, developing nations expressed disappointment over scant progress at the mid-year session on key issues, especially on setting up a finance facility to deal with rising losses from extreme weather and rising seas.
The lead negotiator for the Alliance of Small Island States (AOSIS) said the 39-member grouping had not received assurances that climate finance “will be delivered at scale or speed.”
“The climate emergency is fast becoming a catastrophe. Yet within these walls, the process feels out of step with reality,” said Conrod Hunte, UN ambassador for the Caribbean nation of Antigua and Barbuda.
The weak outcome from Bonn — which also saw no major steps forward on emissions cuts or toward a global goal to drive adaptation — leaves diplomats with a “huge task” before November’s COP27 summit in Egypt, said Alex Scott of think-tank E3G.
“It’s looking like negotiators have come without the political wiggle room to ... make sure that we get to COP27 with a real sense of progress,” E3G’s climate diplomacy leader told journalists.

Rifts
The talks in Bonn saw longstanding tensions flare between developing and developed countries over issues ranging from who should take more responsibility to reduce climate-changing emissions to how to pay to repair and avert “loss and damage.”
From the start, countries tussled over whether and how to put on the official UN agenda a dialogue on setting up a dedicated fund for loss and damage.
The issue was left undecided in Bonn, prompting outgoing UN climate chief Patricia Espinosa to call for “major political decisions” at COP27 on finance for loss and damage.
This — together with increased funding for adaptation and clean energy — “is crucial to build a more sustainable and resilient future,” she noted in a statement.
Harjeet Singh, a senior adviser with Climate Action Network International, said that for the first time many developed countries had in Bonn acknowledged the gap in providing finance to vulnerable countries to help them recover from climate change impacts they had little role in causing.
But rich nations — including the European Union, Switzerland and the United States — then went on to block discussion on a new finance facility and did not even allow developing countries to add it to the agenda for COP27, he noted.
“Instead of using empty words, rich countries must show (a) spirit of international cooperation and solidarity,” Singh told the Thomson Reuters Foundation.

Paris into practice
Espinosa said the focus was now on ensuring that the Egyptian COP, in the city of Sharm el-Sheikh, “could truly be the place where the important promises of the Paris Agreement are turned into reality.”
Countries kick-started discussions in Bonn on how to slash emissions faster and deeper to meet the tightest Paris accord goal of limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit), and to assess their collective progress in doing so.
But there were divisions over how to push forward a program aimed at ratcheting up emissions reductions globally — with at-risk nations asking for it to continue until 2030, while some countries, such as China, wanted it to last just a year.
Wealthy governments also sought to have the mitigation program include major emerging economies but faced push-back from developing countries that have historically contributed less to carbon emissions.
David Waskow, director for international climate action at the US-based World Resources Institute, called on major polluters to strengthen their emissions reduction targets and on rich countries to deliver the funding needed for vulnerable nations to deal with the effects of a heating planet.
“Perhaps the most decisive outcome from these (Bonn) talks is that developed countries now realize that the chorus calling for solutions to loss and damage is only getting louder,” he said.
“Addressing this issue is a central measure of success for the UN climate summit in Egypt,” he added in a statement.

’Unconscionable’
Climate-vulnerable nations have long grappled with the slow pace of progress at UN negotiations, with their key demands — including more finance — going largely unmet.
A report by the Vulnerable Twenty Group (V20) on 55 economies hit hard by climate change — from Bangladesh to Kenya to South Sudan — this month found they had lost about $525 billion — or 20 percent of their wealth on average — in the last two decades due to the impacts of global warming.
Climate change-driven losses are already surging and are set to become much worse if measures to curb emissions from fossil fuel use worldwide are not dramatically stepped up, a flagship UN science report in February warned.
At the Bonn closing session, Switzerland said the talks had not seen sufficient progress on ambition to cut emissions to keep the 1.5C goal within reach, warning that this year “we may lose 1.5 degrees” — something “we simply can’t afford.”
Hunte of AOSIS called for high-emitting countries to submit stronger plans for emissions cuts by a UN deadline in late September, warning of a “code red” situation, with the world teetering on the edge of “overshoot into disaster.”
“Science must be the basis of our decision here yet we leave with a disappointing conclusion. This is an unconscionable way to negotiate with vulnerable countries,” he told delegates. s of people around the world who struggle to live freely or fairly. 


Lebanese finance minister denies any plans for a Kushner-run economic zone in the south

Updated 45 min 44 sec ago
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Lebanese finance minister denies any plans for a Kushner-run economic zone in the south

  • Proposal was made by US Envoy Morgan Ortagus but was ‘killed on the spot’
  • Priority is to regain control of state in all aspects, Yassine Jaber tells Arab News

DAVOS: Lebanon’s finance minister dismissed any plans of turning Lebanon’s battered southern region into an economic zone, telling Arab News on the sidelines of the World Economic Forum’s meeting in Davos that the proposal had died “on the spot.”

Yassine Jaber explained that US Envoy to Lebanon Morgan Ortagus had proposed the idea last december for the region, which has faced daily airstrikes by Israel, and it was immediately dismissed.

Jaber’s comments, made to Arab News on the sidelines of the World Economic Forum in Davos, were in response to reports which appeared in Lebanese media in December which suggested that parts of southern Lebanon would be turned into an economic zone, managed by a plan proposed by Jared Kushner, US President Donald Trump’s son in law.

Meanwhile, Jaber also dismissed information which had surfaced in Davos over the past two days of a bilateral meeting between Lebanese ministers, US Middle East Envoy Steve Witkoff and Kushner.

Jaber said that the meeting on Tuesday was a gathering of “all Arab ministers of finance and foreign affairs, where they (Witkoff and Kushner) came in for a small while, and explained to the audience the idea about deciding the board of peace for Gaza.”

He stressed that it did not develop beyond that.

When asked about attracting investment and boosting the economy, Jaber said: “The reality now is that we need to reach the situation where there is stability that will allow the Lebanese army, so the (Israeli) aggression has to stop.”

Over the past few years, Lebanon has witnessed one catastrophe after another: one of the world’s worst economic meltdowns, the largest non-nuclear explosion in its capital’s port, a paralyzed parliament and a war with Israel.

A formal mechanism was put in place between Lebanon and Israel to maintain a ceasefire and the plan to disarm Hezbollah in areas below the Litani river.

But, the minister said, Israel’s next step is not always so predictable.

“They’re actually putting pressure on the whole region. So, a lot of effort is being put on that issue,” he added.

“There are still attacks in the south of the country also, so stability is a top necessity that will really succeed in pushing the economy forward and making the reforms beneficial,” he said.

Lawmakers had also enacted reforms to overhaul the banking sector, curb the cash economy and abolish bank secrecy, alongside a bank resolution framework.

Jaber also stressed that the government had recently passed a “gap law” intended to help depositors recover funds and restore the banking system’s functionality.

“One of the priorities we have is really to deal with all the losses of the war, basically reconstruction … and we have started to get loans for reconstructing the destroyed infrastructure in the attacked areas.”

As Hezbollah was battered during the war, Lebanon had a political breakthrough as the army’s general, Joseph Aoun, was inaugurated as president. His chosen prime minister was the former president of the International Court of Justice, Nawaf Salam.

This year marks the first time a solid delegation from the country makes its way to Davos, with Salam being joined by Jaber, Economy and Trade Minister Amr Bisat, and Telecoms Minister Charles Al-Hage.

“Our priority is to really regain the role of the state in all aspects, and specifically in rebuilding the institutions,” Jaber said.