The International Climate Change Conference in Geneva ended abruptly this morning after developing nations walked out over disagreements about financial commitments from wealthy countries, with environmental activists calling it a catastrophic failure that could set back global climate action by decades. Negotiations broke down completely when delegates from over forty developing countries rejected a funding proposal they claimed was inadequate for addressing climate change impacts, leading to a dramatic walkout during what was supposed to be the final day of discussions about reducing global carbon emissions.
Dr. Amara Okafor, representing the African Climate Coalition, declared that rich nations have been making empty promises while their people suffer from floods, droughts, and rising sea levels, as this BreakingNews footage showed emotional delegates leaving the conference hall while others pleaded for continued dialogue. The “last chance for humanity” conference raised alarms, particularly with scientists pointing out that current policies can only lead to temperature increases already exceeding safe limits, while EU representatives broke out in gasps and oohs when the process collapsed abruptly.
They were prepared to make significant concessions to keep negotiations alive. Climate activists, from Greta Thunberg to other prominent climate leaders, exploded outside the venue in fits of protesting organizing around social media misinformation, and charges that world leaders are mortgaging the future of generations still unborn all while engaging in political games that put planetary survival at risk.
The sticking point of the negotiations in Cairo was how wealthy nations were thinking of offering only USD 200 billion annually for climate change adaptation, while developing countries demanded no less than 500 billion in addition to paying for historic emissions. Walsh described the demands for money as completely unrealistic adding to the anxieties of negotiations.
Things turned even worse when oil-producing countries entered talks demanding protection regarding economic transitions away from fossil fuels, and Saudi Arabian representatives demanded financial support for oil & gas industry workers, adding further complexity. Environmental scientists are reacting with despair over the failure of the negotiations in Cairo. Dr Michael Chen of the Intergovernmental Panel on Climate Change told me via email, every month we delay climate action, making the necessary changes more expensive and more difficult to implement. When international stock exchanges dropped today, renewable energy companies struggled, while fossil fuel companies.
The BreakingNews has prompted emergency consultations at the United Nations as Secretary-General Martinez attempts to salvage international cooperation, though diplomatic sources suggest scheduling another major climate summit before next year seems increasingly unlikely as world leaders face intense domestic pressure to explain the failure.
Source Url= Click Here
