Energy & Power - December 16, 2019
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The UN climate talks in Madrid ended in a sheer disappointment. The talks, originally scheduled to be hosted by Chile and later held in the Spanish capital following Chile's pullout amid political unrest, failed to give the world any hope of the fulfilment of climate goals. Countries failed to reach consensus on many of the expected outcomes, including rules to set up a global carbon trading mechanism and a system to channel new finance to countries facing the impacts of climate change. Negotiations put politics and fossil-fuel interests above people and the planet. Many countries, led by the United States, Australia and Brazil, once again exposed their apathy to the suffering of millions. Major emitters failed to show clear signals about increasing ambition by 2020 and rich countries reneged on the promise to provide finance for loss and damage. The key polluting countries responsible for 80 percent of the worlds climate-wrecking emissions, stood mute. The countries like Bangladesh identified as one of the biggest victims of climate change feel helpless when they return empty-handed from the UN talks that was expected to give clear guidelines on the world's actions to tackle the climate crisis.
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