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China and Saudi Arabia blocking progress towards a deal at COP26

China and Saudi Arabia are blocking progress towards a deal at Cop26 by
refusing to accept that they must be fully transparent about their
greenhouse gas emissions. Senior negotiators at the climate change
conference in Glasgow said that both countries had objected to proposed
reporting requirements aimed at resolving concerns that some nations
conceal the extent of their emissions.

The dispute is delaying progress on
other ingredients of a deal, including rules on establishing a global
market for carbon offsetting. China is understood to object because its
climate target is based on a reduction in emissions per unit of GDP,
meaning that full transparency would reveal data it wants to keep secret
about its economic growth.

Saudi Arabia’s emissions are strongly
influenced by its biggest company, the oil giant Saudi Aramco, and it is
thought to be concerned about revealing information about its performance.
China and Saudi Arabia are also objecting to proposed wording in the final
text that emphasises the need to limit warming to 1.5C, meaning the coal
and oil on which they depend would have to be phased out more quickly.

 Times 9th Nov 2021

https://www.thetimes.co.uk/article/chinese-and-saudis-thwart-moves-towards-climate-deal-5pr86frjv

November 11, 2021 - Posted by | China, climate change, Saudi Arabia

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