But even as the U.S. and China reach that deal, the consensus is that COP26's climate targets are too weak.
Case in point, not just a failure to commit to 1.5 but a failure to make the financial commitments which the conference had expected to reach.
And what does that mean for CARICOM's Glasgow package? Well it's not packed up just yet but Ambassador Fuller says that like anything else worth doing, climate finance has to be handled one step at a time.
Cherisse Halsall
"Sir, we've heard Ambassador Felson say that while quibbling for billions we should be asking for trillions, what's your perspective on why these major countries hesitate to give us the budget that they spend on a city?"
Carlos Fuller - Ambassador
"Well, again don't forget we talk about billions because that was a pledge made in Copenhagen that they would provide 100 billion per year by 2020 and we are saying, you did not even deliver that, but in fact, the whole story has changed significantly since then, so we need to ramp that up significantly but obviously, we don't want to mix up two things, how to forget about the 100 billion let's talk about that, but we never made a pledge for that. So, I think and that is why we have two tracks of negotiations, one how are we going to deliver the 100 billion and this is the year we start talking, what is the next goal which should be in 2025. So, we don't want to mix things up because then they'll say okay I'll hold off on the 100 billion let's talk about how much you need, and that might take workshops and reports and so on. So I think we have two different levels of talking before we get to that. It is a very complicated matter in the sense that A we don't have a bargaining chip to give to the other side who is obliged to provide the resources, so there is that then there's also the issue of how do they account for financing and that is how we have a problem because the way they put their books and what I see in my books are two different things. So, obviously we need to come to a common understanding of what do we mean by climate finance and each country has a different definition of what they call climate finance. That's another issue, and then we have the third issue of how do you actually then implement or the instruments you use to get your financing, so the minister from Barbados now is looking at these special drawing rights as to how you would then use that to access some financing because we know some countries don't even use their special drawing rights so how can you include that into these discussions. But again some developed countries probably are saying this is not a financial negotiation, that is maybe something we need to discuss at the world bank or at the IMF and maybe not at this level. So, there are all these issues that do come here but obviously because of climate change, is on the radar for everybody, this is where it brings all these players into account and maybe if we can get it into the document it then triggers some response that has to go to G7, G20 IMF world bank and so on."
