The power of five. First Panchsheel, now Panchamrit.

"UN Secretary General Antonio Guterres warned of an impending 'climate catastrophe', while environmental campaigner Greta Thunberg dismissed Saturday's COP26 climate conference deal as 'blah, blah, blah'. Even those who welcomed the deal in Glasgow said a huge amount of work remained to be done," ET.  COP26 was the 2021 United Nations Climate Change Conference held in Glasgow, UK from 31 October to 13 November. The United Kingdom held presidency of the conference. "India on Sunday called the COP26 summit a 'success', saying it put across the concerns and ideas of the developing world quite 'succinctly and unequivocally' in front of the world community. Negotiators from nearly 200 countries have accepted a new climate agreement after the COP26 summit in Glasgow concluded its extra time plenary on Saturday with a deal, which recognises India's intervention for the world to 'phase down' rather than 'phase out' fossil fuels," ET. "India was joined by China in pushing for a watering down of this key commitment, insisting on 'phasing down' rather than 'phasing out'," BBC. "Last Wednesday, the Xinhua news agency trumpeted the fact that the country produced more coal than ever before on a single day. Some 12 million tonnes of the black stuff were mined. When consumed for energy, the one day of coal will produce carbon dioxide emissions roughly equivalent to Ireland's output for an entire year." Did we help China out of love or fear? "China and India will need to explain to developing nations why they pushed to water down language on efforts to phase out coal at the COP26 conference, the event's president Alok Sharma said," NDTV. Advanced countries want developing nations to switch from fossil fuels to renewable energy sources, while developing countries want richer nations to finance the transition and transfer technology to make that happen, TIE. Thus, all the resolutions are non-binding and could be ignored. "At one point (John) Kerry grasped Xie's (Zhenhua) shoulder, while China's lead negotiator nodded and smiled as he enumerated points on his fingers," ET. That, apparently, was the "high point" of the summit. "But China's intervention -- via India -- effectively undermined COP26 President Alok Sharma's goal to 'consign coal to history'." "The result was that the world's three biggest polluters -- China, India and the US -- overrode the concerns of the vulnerable nations most at risk of climate change." "While the world expressed disappointment, climate experts in India felt that the first-ever mention of phase down of coal by the country in an international climate agreement is an important indication of the energy transformation underway, and criticised the developed nations for once again failing to deliver the promised climate finance," ET. First, we had 'Panchsheel', meaning 'Five Principles', with China, wikipedia, which was shoved down our throat by China in the 1962 humiliation, India Today. In Glasgow India announced 'Panchamrit', which means 'Five Elixirs for Eternal Life', HT, to help China produce more coal. How will China show its gratitude? Scary. thought.