Daily update from Kyla in Paris
It seems the central sticking point of a deal at the COP is climate finance. Yesterday it was mentioned repeatedly that while we’re seeing progress, the issue remains a linchpin to agreeing other parts of the text.
Many countries want answers on how developed countries plan to scale up annual contributions to reach the $100bn by 2020 promised. They also want assurances that some of the money will go to adaptation, and that climate finance will increase after 2020.
Yesterday we also saw the UN and shipping bodies awarded the ‘Fossil of the Day’ award – neither of these industries’ emissions are currently included under the Paris text.
Today the hot-ticket item is Al Gore. He’ll be speaking in the afternoon at a Carbon Tracker even on asset risk.
COP21: The fight over climate finance ramps up
China, India and the G77 group of developing nations have said the Paris climate talks could fail because rich countries are trying to dodge their financial responsibilities,reports The Telegraph.
This has always been the big issue, and Bloomberg has done an explainer.
Indian energy officials have said the country is willing to cut back on coal investments so long as it receives aid for shifting towards cleaner sources such as solar, reports The FT.
But, as The Guardian reports, the Indian economic ministry has hit out at the OECD for misrepresenting how much money is actually on the table for developing nations to tackle climate change.
Meanwhile China has announced its planned coal power upgrades will cut major pollutants by 60% by 2020 and reduce carbon emissions by 180 million tonnes, reports the New York Times.
And, according to Climate Home, negotiators are getting pretty frustrated with the negotiations.
Climate change: Pacific islanders flee due to extreme storms
Future tech entrepreneur Elon Musk has warned that climate change ‘could cause more destruction than all the wars in history combined’, reports Tech Insider.
That destruction is already beginning to be felt by the island nations dubbed ‘climate change ground zero’.
The Independent reports on a mass exodus from vulnerable pacific places like Tuvalu and Nauru with powerful storms and otherwise extreme weather driving people from their homes (mostly to Australia and New Zealand).
The Associated Press has outlined the legal limbo that awaits the first generation of climate change refugees.
US: Republicans celebrate climate change denial
Ted Cruz, the dark horse candidate in the Republican race for President, will hold a Senate hearing next week on whether climate change is ‘data’ or ‘dogma’, reports Bloomberg Politics.
It comes just as the famously climate change denying Texas Senator has been awarded the ‘climate policy hero’ by the American Energy Alliance – backed by the coal-fired Koch brothers, reports The Guardian.
Not to be outdone, frontrunner Donald Trump (oh man that’s still terrifying to write) has slammed President Obama for his attempts to get a global deal on climate change, claiming that China is ‘laughing at us’, reports Politico.
The always excellent Dr Vox has done an explainer on why the US Republican party is the only major one in the world that doesn’t believe the science of climate change.
Earlier this year Republican congressman Bob Inglis spoke to Energydesk about why the GOP embraces climate change denialism.
In other news
COP21: Esteemed climate scientist Dr James Hansen told The Carbon Brief that the UK is ‘screwing its children’ by pursuing fracking.
Germany: Energydesk has broken down RWE’s decision to split off its renewables and fossil fuel businesses.
UK: Chris Littlecott at think-tank E3G has written a blog criticising the UK government decision to cut funding for carbon capture and storage development.
Solar: Israel and Rwanda have come together to build an enormous solar power field in the heart of Africa, reports Quartz.