Wall Street Hedge

Monday, March 8, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

World leaders reach deal at UN climate talks in Peru

By Leave a Comment

World Leaders Speak At UN Climate Summit

The world leader today met in the early hours to conduct the latest round of UN climate talks and end the conference nearly 33 hours later than actually scheduled.

The participating countries reached a deal that is expected to barely keep the hopes alive for a meaningful global policy agreement next year.

The conference, which started on December 1, was convened with two main goals:

  • Firstly, to give their agreement to a series of measures aimed at cutting the emissions from greenhouse gases which are responsible for climate change and global warming.
  • Secondly, to pave the way for a policy deal that will include action from all nations during the next edition of climate talks scheduled exactly a year after from now in Paris.

The agreement on second part of the goal fell short of expectations despite an impassioned plea from US climate change special envoy Todd Stern, who asked the participants to give their nod to what he said was about perfect text in order to foster progress next year.

“We don’t have time for more lengthy negotiations. I believe we will live to regret it if we allow the perfect to be the enemy of the good,” Stern said.

The Lima agreement was adopted by the member countries just hours after a previous draft was turned down by the developing nations who accused rich counterparts of shirking their responsibilities to fight the serious issue of global warming and pay for its impacts.

The talks were supposed to initially conclude at 6 pm local time on Friday, but the impasse over some issues continued until nearly 2 am local time on Sunday. The member countries were able to conclude the meet after Manuel Pulgar-Vidal, Peru’s environment minister who chaired the conference, kept pushing delegates to build consensus on key points.

Before midnight, Pulgar-Vidal presented the fourth draft hoping that it would satisfy all the parties and address their concerns.

According to the sources, the progress in Lima talks was mostly technical as it has set out guidelines for actions to reduce emissions, financial contributions and a timetable for the Paris talks.

 

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Technology & Research Tagged With: climate change, global warming, Lima climate talks, Manuel Pulgar-Vidal, UN climate talks, United Nations

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • Google Home speaker placed on a wooden shelf

    The Spanish Google Home Might Be a Serious Blow for Amazon Alexa

  • Sea of Thieves screenshot showing an underwater pirate

    Sea of Thieves Devs Announce the Official Release Date of the First DLC

  • Xiaomi logo on an orange background

    Xiaomi Won’t Bring Its Smartphones to US but Has Smart Devices and Accessories

  • Nintendo logo on a red background

    Nintendo and Cygames Are Working on a Mobile RPG Called Dragalia Lost

  • Blue-green exoplanet that is uninhabitable

    Researchers Create Alien Searching AI to Find Exoplanets that Might Host Life

  • Fake news on laptop.

    Fake News Spreads A Lot Faster On Social Media Than The Truth (Study)

  • desktop computer with facebook on screen and mouse and keyboard in front

    People Spent Less Time on Facebook at the End of 2017

  • counter-strike global offensive logo in black on white

    Jess Cliffe, the Co-Creator of Counter-Strike, Was Arrested

  • mark zuckerberg against a blue background with facebook on it

    Facebook Updates: Local News Gain Visibility

  • A building with the Tesla logo on it

    Tesla Inc to Turn On World’s Biggest Lithium-Ion Battery in Australia

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.