Independent news has never been so important.

Did you know that you can get Democracy Now! delivered to your inbox every day? Sign up for our Daily News Digest today! Don't worry, we'll never share or sell your information.

New Draft Agreement Weakens Earlier Calls to Phase Out Coal, Fossil Fuel Funding as COP26 Nears End

HeadlineNov 12, 2021

At the U.N. climate summit in Glasgow, negotiators have backed away from including a call to phase out coal as well as fossil fuel subsidies in the latest draft agreement, which was released today — the final scheduled day of the two-week summit. An earlier draft called for “phasing-out of coal and subsidies for fossil fuels.” The new draft calls for the phaseout of “unabated coal power and of inefficient subsidies for fossil fuels.” The draft also called for wealthy nations to double the amount of money they give to developing countries to deal with the climate crisis. But during Thursday’s high-level session, Ugandan climate activist Vanessa Nakate questioned such pledges from wealthy nations.

Vanessa Nakate: “I have come here to tell you that we don’t believe you. We don’t believe that banks will suddenly put trillions of dollars on the table for climate action, when rich countries have struggled since 2009 to raise $100 billion for the world’s most vulnerable countries.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top