COP-25 Madrid: A meeting of frustrated expectations

COP-25 Madrid: A meeting of frustrated expectations

COP-25 was tasked to finalize the rules of Article 6 of the Paris Agreement or particularly the rules of future international carbon markets, to review and strengthen the Warsaw International Mechanism for Loss and Damage, and to conclude various finance related matters. However, despite an almost two-day delay in closing the conference, delegates failed to deliver on most of the pending issues.

While the Madrid COP had a relatively ‘light’ negotiation agenda, the Article 6 negotiations proved to be both promising – due to the degree of compromise negotiators from all sides offered at a time – and frustrating as negotiations ultimately collapsed. The lack of agreement points towards a sobering loss of momentum in the implementation of the Paris Agreement. 

The Chilean Presidency and its Spanish partners invested its political capital to mobilize support for new and more ambitious Nationally Determined Contributions (NDCs) that are in line with science and reflect the urgency of climate action. In the end, the adoption of a set of decisions under the banner “Chile Madrid Time of Action” did little more than repeat the existing decision texts. The document helped save face but failed to produce a fresh and meaningful collective effort. 

Read our full annual COP analysis in the document to your right.