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Article

10 Dec 2015

Author:
Pilita Clark and Michael Stothard, Financial Times (UK)

COP21: Paris climate talks enter tense final few hours

Talks on a new global climate accord entered a tense stalemate on Thursday…One of the most contentious stand-offs to emerge…is a push to require countries to revisit every five years the voluntary climate pledges that more than 180 nations have made for the new accord…But…China’s foreign ministry, said Beijing would not be able to change its climate plans for at least another 15 years…Concern was growing in the business community…that the parts of the text encouraging carbon pricing were likely to be cut out of the final draft…China, India, Saudi Arabia and many other countries are resisting options in the draft text for “decarbonisation” or “climate neutrality” to be included…Saudi Arabia’s delegation…explained why it did not support the 1.5C temperature target being included in the new agreement, saying the most up to date reports…did not provide enough “robust information” on the practical means needed to meet such a goal…[Also refers to General Electric, Google, and Microsoft.]