The Glasgow Climate Pact, adopted by 196 parties at the CoP26 summit last Saturday, was a compromise among 196 countries with various needs, compulsions and even vested interests.
The agreement aims to limit global warming to below 2 degrees Celsius above pre-industrial levels and will continue efforts to limit it to 1.5 degrees.
India and China also benefited from another decision that allowed countries to carry forward the Kyoto Protocol’s carbon credits earned after 2012.
The major failure of the meet was in its inability to persuade the developed world to deliver on the promise of mobilising at least $100 billion per year from 2020 to help the developing world tackle the climate crisis.