COP26 talks stumble on climate cash 'cliffhanger'

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COP26 talks stumble on climate cash 'cliffhanger'
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Nations were trying to rebuild bridges at the COP26 summit on Saturday after talks faltered when rich emitters refused a request to help developing economies meet mounting financial losses from climate change.

climate activists demonstrate outside the COP26 climate conference in Glasgow on November 12GLASGOW - Nations were trying to rebuild bridges at the COP26 summit on Saturday after talks faltered overnight, when rich emitters refused a request to help developing economies meet mounting financial losses from climate change.

The deadlock pushed COP26 past its scheduled end on Friday evening, with the summit's UK presidency confirming that a new draft text would only be published for scrutiny on Saturday. Amadou Sebory Toure, head of the G77+China negotiating bloc, told AFP the proposal was"put forward by the entire developing world, representing six of every seven people on Earth".

"The people on the frontlines are not the ones who caused the problem, we have an ethical responsibility to help in a problem they didn't create," he said. Britain's COP26 president for Alok Sharma speaks with UNFCCC executive secretary Patricia Espinosa following an informal stock-taking session on FridayBefore Friday night's deadline came and went, more than 100 indigenous and other protesters marched through the summit venue demanding the rich world honour its promises.

The latest draft COP26 agreement released Friday called for countries to accelerate"the phase-out of unabated coal power and of inefficient subsidies for fossil fuels".

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