“We must be brutally honest about the gaps that need to be filled, the root causes and how we got to this place here today” said Sultan Al-Jaber
Canada’s climate minister implied he would like to have given more but said he’s “not the finance minister unfortunately”
There’s been a boom in investment in minerals like lithium, cobalt and nickel – which will be necessary for the energy transition
Developed countries pushed for more focus on private money while developing governments wanted more public money from rich nations
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Climate vulnerable Pacific islands struck a deal with emerging economies worried about the targets’ impact on economic development
Despite a strong push from Pacific islands, the latest draft does not improve on targets criticised as not ambitious enough
A draft agreement, which is subject to change, would target net zero near 2050 and set goals for 2030 and 2040
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They hope they can neutralise the treaty’s 20 year sunset clause and prevent fossil fuel companies suing them over climate action
Brazil, Argentina and others have opposed a levy on global shipping emissions at behind-closed-door talks in London
Despite pushing for a phase out of unabated fossil fuels, Norway claims its oil and gas are “essential to Europe’s energy security”
The UK government’s official advisers say it is failing on climate at home and abroad, as it cuts climate programmes
The US’s treasury secretary would not commit to backing a shipping tax and the US was not on a list of 22 countries who support the measure.
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European nations and Canada have promised to contribute $2.7 billion to Senegal – although details of this support remain unclear
The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations
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The lead Mexican negotiator Camila Zepeda said she had suffered a “difficult experience” at Egypt’s Cop27 and had not been supported by the US and EU
A group of developing countries wouldn’t talk about emissions cuts without talking about finance – but developed countries refused to accept that