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COP25 was bankrolled by the biggest polluters

by Corporate Accountability

This year, COP25 in Madrid is bankrolled by some of Spain’s biggest polluters and others heavily invested and involved in fossil fuels. In addition to their climate crimes, many have been tied to human rights and worker abuses around the globe. Sponsorship not only allows these corporations to wrap themselves in the green branding of the COP, but it also increases their access and influence over negotiations.

Read more: https://www.corporateaccountability.org/wp-content/uploads/2019/12/COP25_CorpSpon_EN-FINAL.pdf

COP25 Closing Plenary. Sunday 15th 2019

Cop25: What was achieved and where to next?

By Jocelyn Timperley, Climate Home News

The annual UN climate talks closed in disappointment on Sunday in Madrid, after two weeks spent trying to hash out a deal.

Countries failed to agree on many of the hoped for outcomes, including rules to set up a global carbon trading system and a system to channel new finance to countries facing the impacts of climate change.

Read more: https://www.climatechangenews.com/2019/12/16/cop25-achieved-next/

UN climate talks stymied by carbon markets’ ‘ghost from the past’

With the COP25 negotiations failing to agree on carbon market rules, it will be up to the UK to bring the world together at the crucial 2020 summit.

By Leslie Hook, Financial Times

The UN climate talks that stuttered to a belated and inconclusive close on Sunday in Madrid were undone by a technical issue that turned into a fatal obstacle.

A central task of this year’s talks, known as COP25, was to iron out rules for a new global carbon market—referred to as “Article 6” because it is the sixth article of the Paris climate accord—and create a system that would allow countries to pay each other for projects that reduce emissions.

Read more: https://insideclimatenews.org/news/16122019/cop25-carbon-markets-un-climate-talks-fail-madrid-kyoto-protocol