WorldTime is running out to save the Paris Agreement, UN climate experts warned Tuesday at a key Bangkok meeting, as rich nations were accused of shirking their responsibility for environmental damage. If nations cannot reach an agreement by a December summit in Poland -- known as COP24 -- the Paris Agreement, carved out in 2015, will be at risk. Rich countries want more private capital in the mix and prefer projects with profit potential. Pressure is mounting on developed nations to take on more long-term financial responsibility given that their progress has exacerbated climate change. The Paris Agreement promises to cap the rise in global temperatures at “well below” two degrees Celsius.

Source: Sunday Times September 04, 2018 08:37 UTC