PARIS (AP) — The latest news related to the U.N. climate conference outside Paris. All times local:
10:40 a.m.
Analysts say a delay in the Paris climate talks is not necessarily a bad sign.
They said it is not surprising, given that international negotiators are trying for an accord that will change the global economy over the long term.
“This needs consensus,” said Michael Jacobs, an economist with the New Climate Economy project, speaking to reporters outside Paris. “There’s a lot of negotiating to do.”
The French co-host of the talks said the final accord wouldn’t be ready Friday as hoped but would run until Saturday.
Economist and climate expert Lord Nicholas Stern said an accord cutting carbon emissions over the long term is important for the business world, and so it is important to get broad agreement.
“Those making investments now can be much more confident that making those low carbon will be profitable, and making them high carbon carries financial risk,” he said.
Sam Barratt of advocacy group Avaaz said, “These talks matter. We would rather they take their time and were patient with the right deal than rush it and get a breakdown … Getting 200 countries to agree on anything is tough. Getting them to agree on the future of the planet and a deal on climate change is probably one of the toughest pieces of negotiation they’ll ever get involved in.”
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8 a.m.
French Foreign Minister Laurent Fabius says high-stakes climate talks he is co-hosting outside Paris will not end Friday as planned but will last at least until Saturday.
Diplomats and other top officials from more than 190 countries are trying to agree on the text of what would be an unprecedented deal for all countries to reduce man-made carbon emissions and cooperate to adapt to rising seas and increasingly extreme weather caused by human activity.
The two-week talks were scheduled to wrap up Friday. Fabius said on BFM television Friday morning, “I will not present the text Friday evening, as I had thought, but Saturday morning.”
“There is still work to do,” he said. “Things are going in the right direction.”
Negotiators from China, the U.S. and other nations haggled into the early morning Friday over how to share the burden of fighting climate change and paying for a trillion-dollar transition to clean energy on a global scale.
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