Hello and welcome to InsideCop.

Today, on the last day of the formal negotiations, we...

Maybe not.

One of the last days.

We take stock of where we are or where we are not.

Thanks for being here.

Okay, the last day of the former negotiations, but maybe not.

Kristiana, where are we today?

Well, after the fire yesterday and the closing of the venue, it was quite predictable that, first of all,

negotiators were exhausted and had to take a break, but also very predictable that the presidency would work overnight, as they obviously did, to put a new revised version of the text on the table, which they did early this morning.

This is not a presidency that folds because they had a fire shocking and traumatizing as the fire was for many people who were there.

But they just camped out wherever and worked on a new text.

Now, regrettably, in part because some negotiating time has been lost, in part because they really do want an agreed outcome.

The new text that they have put on the table is a very common denominator text about most, if not all, issues. The roadmap on fossil fuels,

on transitioning away is no longer mentioned. The roadmap on halting deforestation is longer

mentioned. The strong language on finance and on adaptation is gone.

So I would say all of the courageous steps forward for the process have actually been shaved down and are being expressed at what we call de minimis. So minimum common denominator,

an understandable strategy on the part of the presidency. Now, of course, what that has meant is that

because negotiators may be slept a little bit more last night, they have come back with much

more energy. And there are many countries that are absolutely complaining,

pushing back and saying there's no way. There's no way that they're going to go for a text

that is only a common denominator text. And they're pushing very, very hard for the roadmap on

...