US climate envoy John Kerry rejected the idea of spending trillions of dollars on subsidies to fossil fuels while countries try switching to green energy, calling it the “definition of folly.”
Speaking after the release of a draft agreement at the COP26 climate summit in Glasgow on On Friday, Kerry criticized the level of assistance offered to the fossil fuel industry in in recent years, blasting his continuous support like “the definition of folly.”
Kerry said such subsidies “I must go” if nations achieve their climate goals such as set out at COP21, six Years ago.
The wording in COP26 draft agreement urges signatories to speed up “the phase-out of coal without stopping power And of inefficient subsidies for fossil fuels”.
“That language must stay “ Kerry said, adding that the text was not about phasing out all coal, but coal without stopping.
The language in the deal was watered down down from a more strict original version, even though he was still praised for how who loves for action on one area lead the climate crisis.
The debate is in course at the Glasgow Summit as Nations race to agree on an agreement before the end of the conference on Friday. In response to the draft text, a representative of Grenada has warned the arrival hours want “determines the new Sunrise.”
“If the text resists the beating it could receive, we are holding 1.5 ° C with our fingernails”, The climate resilience of Grenada minister, Simon Stiell said.
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