UN climate talks end with no deal on carbon market

The 2019 United Nation Climate Change Conference also known as COP 25, is the 25^th UN Climate Change Conference. It was held in Madrid, Spain from 2 to 13 December 2019. COP 25 will take place under the Presidency of the Government of Chile and will be held with the support  from the Government of Spain. The president-designate for the conference is Carolina Schmidt, Ministry of Environment of Chile. The conference was first planned to be held in Brazil in November 2019, but a year before the planned start, newly elected President of Brazil Jair Bosonaro withdrew the offer of host the event due to some economic reasons. Then later Chile came up and become the new host.

COP 25 was one of the longest United Nations Climate talks held in Madrid ended on Sunday with no deal of carbon market as sleep deprived delegates from almost 200 countries. It was conducted after two weeks of marathon negotiations, failed to come up with more ambitious target to cut greenhouse gasses (Primary greenhouse gasses are  H2O, CO2, CH4, N20 and O3 )emission to fulfil the terms of Paris agreement 2015. This conference builds an ambition ahead of 2020.

The conference is designed to take the next crucial steps in UN climate change process. Crucial climate action work taken forward in areas including finance ,the transparency of climate action, forests and agriculture, technology, capacity building, loss and damage, indigenous peoples, cities, oceans and gender. The Madrid conference will include the 25^th session of the conference of the Paris (COP 25),the 15^th session of the conference of the Paris serving as the meeting of the Parties to the Kyoto Protocol, and the second session of the conference of the Paris serving as the meeting of the Parties to the Paris Agreement.

According to scientists and experts, some of the countries came to this talk with updated plan to reach the Paris goals. The EU tries to a part of bridge-builder between developing and developed countries. “Re-emphasizes with serious concern the urgent need to address the significant gap between the aggregate effect of parties mitigation efforts in terms of global annual emissions of greenhouse gasses by 2020”, according to the final draft