The COP27 in Egypt admits in its first draft that there is a risk of setbacks in the fight against climate change due to the energy crisis derived from the Russian invasion of Ukraine.
António Guterres: “The trust between the North and the South has been broken” at the Climate Summit
The provisional text of the key summit document says that “we stress the importance of avoiding backsliding on commitments.” And he confesses that they are “concerned about the impacts of the current energy crisis on the timely fulfillment of the promises related to the energy transition.” Translated: turn to gas, oil or coal instead of renewables.
This draft has appeared with a few hours to spare for the summit to complete its work according to the scheduled schedule, which suggests that an extension must be enabled.
Regarding specific points, the text includes that it “reaffirms” the pursuit of the objective of containing global warming at 1.5ºC and that for this “rapid, urgent and deep cuts in greenhouse gas emissions” are needed. The truth is that this statement does not add much compared to other summits, especially last year.
On fossil fuels – the use of which is the main source of human-induced greenhouse gases – this draft repeats the formula of “phasing down” the use of coal: “We encourage continued efforts” to achieve this, he writes.
Of the rest of the fossils (the unnamed oil or gas), the first test text contains a cryptic formula in which it also “encourages” efforts to “abandon and rationalize inefficient subsidies”, but adds a note to it: “In line with national circumstances.” It does not ask that they stop being used.
Both references offer no progress on what the Glasgow Pact of 2021 says.
The draft has nothing about a concrete agreement to articulate a way in which developed countries put funds to compensate for the loss and damage that climate change is already causing in impoverished states that are, at the same time, the most vulnerable and affected by climate change.