New COP26 draft gives and takes as UN climate talks in Glasgow enter last scheduled day

Nov 12, 2021 | INVESTING

A new draft agreement drawn up for the last scheduled day of the UN COP26 climate conference in Glasgow urges countries to aim higher in their plans to tackle global warming, but also tries to balance the demands of developing and richer nations.While retaining its core demand for countries to set tougher climate pledges next year, Friday’s draft uses weaker language than a previous document in asking nations to phase out subsidies for the fossil fuels that are the prime man-made cause of…

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