is through the use _ implementations of ndc is through the use of— implementations of ndc is through. our work is _ efforts through support units. our work is not — efforts through support units. our work is not finished and brazil now looks— work is not finished and brazil now looks forward to continue to engage with a _ looks forward to continue to engage with a view— looks forward to continue to engage with a view to implement article six. with a view to implement article six~ and — with a view to implement article six. and mr president, in the spirit of compromise, we support the adoption — of compromise, we support the adoption of all the draft decisions on att— adoption of all the draft decisions on all issues that you presented to us this— on all issues that you presented to us this morning. thank you very much _ much. applause thank you, brazil, for your intervention. i now give the floor to turkey. turkey, you have the floor. . ~' , ., ~ , to turkey. turkey, you have the floor. . ,, , ., ~ , ., floor. thank you, mr president. your excellencies- — floor. thank you, mr preside

. >> we're disappointed with people who haven't come forward with new ndcs or renewed ndc india a casepoint. it was a sticking point for a large part of cop21. do you think they're taking a leap out of the book and holding cards close to the chest and can come up with something throughout the negotiations. >> i think india they will be present here and i think they do hold their cards close i have no reason to believe that they're not going to come up with an increased ndc. that will be, possibly, typically for them, substantially different than other countries, because they typically have not taken on economy-wide commitments but rather sector commitments. >> we know the aspirations for this meeting like cop21, is multi. you could fill pages and pages but if i can distill it into short arguments. if the money comes forward, then perhaps the ndcs would come forward. does it come down to money and climate financing? >> well, it comes down to money in a certain sense the 100 billion, let's remember, is a political promise it is not the cost of the transition the cost of the transition is

so updated ndcs by the end of next year. it'll be interesting to see whether the likes of china, india, the united states, can come up with more goods in the next 12 months. >> thank you for wrapping it all up and breaking it down. great to see you in glasgow. we also heard from opec's secretary around the views of what's come out of glasgow hp he said the cop26 summit was a wake up call for the industry they praised the progress made by the leaders so far. >> i wouldn't call it a failure. i think the uk presidency did an extremely good job in bringing back paris on track in glasgow it's not a main achievement to rebuild the consensus of paris in glasgow, if you follow the fractures we saw after the withdrawal of the united states and now the return of the u.s. not only as part of the conversation but at the head of the table, i think john kerry and his team, together with sharma, the president of cop26, did a wonderful job rebuilding the consensus. >> we caught up with the vp of bp and asked for his take on cop26. >> the ta

they ndcs for the basic tool that paris created, but the fact is that we saw the full coalition thating. and the result is that we have tribal and indigenous representatives here in force, demanding a just transition which is vital, and to mounting environmental justice. this is critical to any approach. so, we had a series of objectors before we came here. first, thanks took many months of negotiations, the objective we had of finalising that so—called archaic name, the the rule book, the infamous robert, be completed here, folks. that was a go. and it was really hard to be able to do that. there are soft negotiations over things that matter and the context of the economy and trade in peoples beliefs over how they should behave in this process. —— there were a tough negotiation. transparency grows, all of those things, progress in order to measure fur we are going with the andy cs and what the meaning is. we set out to raise ambition, and on our team, meaning is. we set out to raise ambition, and on ourteam, we travelled the world to do that. we raised ambition with engineers, raise

we have 122 nationally determined contributions already, and 17 out of 20 g20 countries have made ndcs the commitments are coming through. we need to keep the pressure up. what you can do is go in advance of what is truly practicable for the world economy and for what people can do. this government will go as fast as we possibly can. labour's plans, which i think he endorsed, were condemned by the gmb union, their paymasters, --for meaning that it would be confiscating people's cars by 2030 and that families would be allowed only one aeroplane flight every five years. >> mr. speaker, let me tell him, what this summit needs is statesmanship, not partisanship, which is what we have just heard from the prime minister. he should not be trying to score party political points on such an important issue facing our country and our world. that is never the way i did pmqs. [laughter] now, let me ask him about the crucial issue of climate finance for developing countries. because the reason the paris summit succeeded was that there was a coalition of vulnerable countries and developed countries t

in mitigation, climate pledges or ndcs, without which we will lead the world on a pathway to 2.7 degreesne this commitment even then might only be met in 2023. adaptation finance remains only at 25%, not the 50-50 adaptation finance remains only at 25%, not the 50—50 split that was promised nor needed, given the warming that is already taking place on this earth. climate finance, small island, developing states, declined by 25% in 2019. failure to provide the critical finance and that of loss and damage is measured, my friends, in lives and livelihoods in our communities. this is immoral and it is unjust. if glasgow is to deliver on the promises of paris it must close these three gaps. so i ask you what must we say to our people living on the front line in the caribbean, in africa, in latin america, in the pacific? when both ambition and regrettably some of the needed faces and glasgow are not present. what excuse should be give for the failure? in the words of that caribbean icon eddy grant, will they mourn us on the front line? when will we, as world leaders across the world, address t

, so there _ will not be reflected in many ndcs, so there is— will not be reflected in many ndcs, sooutside of— ambition enhancement which is outside of current _ ambition enhancement which is outside of current national- ambition enhancement which isl outside of current national plans which _ outside of current national plans which is — outside of current national plans which is the _ outside of current national plans which is the real— outside of current national plans which is the real economy. - outside of current national plans which is the real economy. on. outside of current national plans which is the real economy. on loss and damage. _ which is the real economy. on loss and damage, the _ which is the real economy. on loss and damage, the cop _ which is the real economy. on loss and damage, the cop president i which is the real economy. on loss i and damage, the cop president asked and damage, the cop president asked a minister— and damage, the cop president asked a minister of luxembourg and one of jamaica _ a minister of luxembourg and one of jamaica to _ a minister of luxe

you heard of the ndc's national plan to reduce emissions.he things we're going to be talking about this week is how you check up how you review and revise and making sure people are sticking to their pledges. there's also a proposal to making people redo those pledges because we went into the conference, these national plans for putting us on track for a warming of 2.7. that is not good enough. there's a push from most of the climate vulnerable countries. and also to come back sooner and have another goal at those -- go at those plans, language of 1.5 degrees ally. the paris agreement has both numbers. there's a push to tighten it towards 1.5, but there's going to be resistance on that one. francine: thank you so much, emma ross thomas, who receives all our coverage in glasgow. we're keeping an eye on softbank. there's an ongoing press conference where we learned softbank went to ¥3.9 billion second-quarter buyback, up to ¥1 trillion of stock. also, you can't say he's not putting his money where his mouth is, despite the 1.3 million dollars

everyone is meant to put in ndc's. india still hasn't.reflected in the text does mark a slight cranking up. tom: ok, thanks to emma ross-thomas, our cop editor on the ground. the gap between the rhetoric and what is being implemented across these nations. that is it for the european market open. "surveillance" is up next. your markets are flat across europe pared from the earlier gains. that is the state of play in europe. plenty more ahead. this is bloomberg. ♪ ♪ >> these businesses will be more focused. there will be a higher, greater level of accountability. we should have sharper -- strategic capable. >> do business in. specifically they want teslas. >> i am confident that we can get there. human beings created this problem and human beings can solve it. announcer: this is bloomberg "surveillance" early edition with francine lacqu

ndcs must be significantly boosted.d decarbonise their portfolios, starting — and decarbonise their portfolios, starting now. we must continue to work— starting now. we must continue to work together to achieve it. thousands of non—government and observers— thousands of non—government and observers have come to this conference. all have a voice. these participants — conference. all have a voice. these participants wear are and will continue _ participants wear are and will continue to be more than a source of inspiration _ continue to be more than a source of inspiration. they are a source of solutions — inspiration. they are a source of solutions i_ inspiration. they are a source of solutions. i call upon parties to make _ solutions. i call upon parties to make a — solutions. i call upon parties to make a greater commitment to include observers— make a greater commitment to include observers in— make a greater commitment to include observers in our process moving forward — observers in our process moving forward i— obs

roundtable meeting every year, to look at how the carbon budget is going to be met, how those increased ndcs appalling. at that cop has been really appalling-— at that cop has been really appalling. at that cop has been really anallina. ., ,, appalling. kevin, thank you so much. if appalling. kevin, thank you so much- if you _ appalling. kevin, thank you so much. if you are _ appalling. kevin, thank you so much. if you are watching - appalling. kevin, thank you so much. if you are watching us, | much. if you are watching us, we are at cop26, continuing coverage on bbc news. developing nations feel like they have received those assurances before and developed countries haven't come through with the goods. there is a trust deficit here and most of the focus has been on mitigation and emission and getting the emissions down the poor countries are saying we cannot get our emissions down until we get the finance to be able to develop in a way that is low on emissions and gives us the resources to adapt to the catastrophic climate change we are facing right now.— the catastrophic climate change we

alix: also, imminent ndc and imminent for the rest of the planet is different. in the meantime, president biden was busy yesterday with president xi. they agreed to keep talking. they hold a virtual summit that lasted longer than expected. amy and sass hour of bloomberg intelligence has more. what did you ash damian sassower -- damian sassower of bloomberg intelligence has more. what did you see? damian: a pragmatic approach, but really, it is all about the economy. this is about getting the removal of tariffs so president biden can get his domestic house in order. in the case of xi, he needs to get growth moving in the right direction. we are calling for 5% year-over-year growth ahead of the party congress, where he hopes to secure a term as leader for life. if you look at the price action today, you see dollar we getting off of the news ever so slightly, and you would have thought you would see the five-year credit default swaps for china come in, but it has actually risen and widened a bit. so the markets are still trying to digest all of this, but the feel-g

it includes critical references to 1.5, because of the science, revisiting ndc is because the evidencester. the science grows every single year. of course we need to think about what we can do better and when. and the decisive decade and when. and the decisive decade and phasing out unabated coal, inefficient fossil fuel and phasing out unabated coal, inefficient fossilfuel subsidies inefficient fossil fuel subsidies must — that language inefficient fossilfuel subsidies must — that language must inefficient fossil fuel subsidies must — that language must stay. unabated coal. we are not talking about all, we're not talking about eliminating it, we're talking about the capacity for capture, if you can do it. unabated coal. how could we possibly in 2021, knowing what the evidence is. those subsidies have to go. we are the largest oil and gas producer in the world and we have some of those subsidies and president biden has put in legislation to get rid of them. we are struggling each year to find money, but $2.5 trillion in the last five went into cities for fossil fuels. that is a definit

we have a little bit of the rhythm of ndc enhancement which is countries being called back to increaset's dwell for a moment and the fact that we have had more of a conversation or loss and damage in this space then we really ever have had before at a cop. let's go back into the room.— go back into the room. adopt the draft decision _ go back into the room. adopt the draft decision as _ go back into the room. adopt the draft decision as amended. - go back into the room. adopt the i draft decision as amended. hearing no objection is, it is so decided. i invite _ no objection is, it is so decided. i invite the — no objection is, it is so decided. i invite the cop to consider sub—item hd, invite the cop to consider sub—item hd. report — invite the cop to consider sub—item hd, report of the global environment facility— hd, report of the global environment facility to— hd, report of the global environment facility to the conferences of the parties — facility to the conferences of the parties and guidance to the global environment facility for 2020 and 202i _ environment facility for 2020 an

this ndc, so much jargon, this action plant that countries are being asked to come back with on an acceleratedwe need to slash emissions so quickly that the desire as everyone comes back and ups their ambition, year by year because as we have said throughout this, this is a critical decade. it throughout this, this is a critical decade. ~ , , throughout this, this is a critical decade. ~' ,, , ,, ., decade. it keeps the pressure on, i remember — decade. it keeps the pressure on, i remember this _ decade. it keeps the pressure on, i remember this phrase _ decade. it keeps the pressure on, i remember this phrase used, - decade. it keeps the pressure on, i remember this phrase used, it's i remember this phrase used, it's about international peer pressure. exactly, that is essentially everyone coming back and being able to compare notes, how are we doing? but the problem is this language evenin but the problem is this language even in that commitment, in that request in this document as well about people's different national circumstances, that provides a little bit of wriggle room for it say, chi

we are ten days into this conference and so far the ndc saw the reduction target that the governmentthink we should let that sink in because it really shows that sink in because it really shows that they do not treat as an emergency as it is. today up and walking around the conference and i saw adult people drinking wine and enjoying themselves, throwing parties from glascow and celebrating the successes. at the same time the fossil fuel industry speaks at this conference, has such a big city here and we do not see the reduction, the target reduction being in line with the paris agreement. and we do not see the crisis being treated seriously. so far i think young people like me, other climate activists and people across the world feel betrayed. because this is a place where government should come and treat this crisis seriously and step up with action that is needed to face this emergency but they do not do it so far. but to face this emergency but they do not do it so far.— not do it so far. but we have gone in a relatively _ not do it so far. but we have gone in a relatively small

to increase global ambition and action on climate change because the existing commitments under the ndcs are insufficient to keep global warming to 1.5 degrees or less. so, special envoy kerry and his team of state have been very actively involved of course in those kbloebl negotiations. i think they've achieved some early but still too modest wins with respect to urging china to increase its ambitions. there have been recent discussions with indonesia. and as we head in, i think, part of the reason that president biden made the commitment that he did to increase climate finance to 11.4 billion per year commencing in 2024, is that the u.s. has fallen far behind other industrialized nations in providing the climate finance necessary to enable the many countries around the world -- >> if you don't mind me asking, from a usaid standpoint, what are you going to be looking for? what is it that you would like to see come out of there? what can help your mission significantly? >> we share the administration's goal of making sure we get increased commitments on nationally determined contribution

the government has come here without any increase in the 2030 target, the ndc, i'm sure you have beens the same, keeping the same as we had at paris when i was prime minister. so australia can do more, it should do more, state governments actually are doing a lot more, the new south wales government for example has a 2030 target of cutting emissions by 50% from 2005 levels. so there is more climate, andrew forrest, working with who is the australian iron or billionaire, is committed to being the biggest producer of green hydrogen in the world and is pushing whole green hydrogen agenda.— hydrogen agenda. voices within australia doing _ hydrogen agenda. voices within australia doing much _ hydrogen agenda. voices within australia doing much more, - hydrogen agenda. voices within - australia doing much more, further ahead than the government is at a federal level?— ahead than the government is at a federal level?_ let's i federal level? absolutely. let's look at that _ federal level? absolutely. let's look at that clip _ federal level? absolutely. let's look at that clip we _ federal lev

dover this afternoon there is a bitterly cold wind and one can only imagine how much worse that as ndcormally the numbers this time of year taper off but on at least one day earlier this month and november more than 1000 people made the crossing in one—day. as we saw so tragically yesterday sometimes that attempt ends in disaster. by by the time we join you again bennett problem starting to get dark until pictures will be dropping even further. thank you. some of the children who survived the aberfan disaster have said they were put through distressing medical tests, which one described as "torture". 116 children and 28 adults were killed in 1966 when coal waste slid down a hillside, burying a primary school and homes maria david has more. archive: i'm standing once again on a pile of black- slurry, and underneath us is the infant school. - on october 21st 1966, thousands of tonnes of coal waste surged down the hillside above aberfan, burying the village school and surrounding houses. 116 children and 28 adults were killed. this afternoon, the children were due to start their- half—ter

every single cop we go in wanting to see the action - go in wanting to see the action plans and the ndc the way that it has been is extraordinary in itself and shows how slow and incremental evolution is on this path. it is not obviously the last of the summits like this, there will be another one like this, there will be another one like this, there will be another one like this next year and there after. do you sort of understand why it is a process that although you would like to see progress much more quickly, inevitably takes the time it does because of the nature of it and the number of countries involved?— and the number of countries involved? , ., , , ., involved? yes, of course it is to. but we involved? yes, of course it is to. itut we need _ involved? yes, of course it is to. but we need to _ involved? yes, of course it is to. but we need to be _ involved? yes, of course it is to. but we need to be sprinting - involved? yes, of course it is to. | but we need to be sprinting when involved? yes, of course it is to. - but we need to be sprinting when we arejogging. but we need t