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Glasgow Climate Pact: Five issues you should know concerning the UN COP26 deal

From phasing out coal to carbon market loopholes, listed here are the highlights of the lastly signed Glasgow Climate Pact, which introduced collectively 197 international locations in a battle in opposition to local weather change

London: The COP26 UN local weather talks in Glasgow have completed and the gavel has come down on the Glasgow Climate Pact agreed by all 197 international locations.

If the 2015 Paris Agreement offered the framework for international locations to sort out local weather change then Glasgow, six years on, was the primary main take a look at of this high-water mark of worldwide diplomacy.

So what have we learnt from two weeks of leaders’ statements, huge protests and facet offers on coal, stopping fossil gas finance and deforestation, plus the ultimate signed Glasgow Climate Pact?

From phasing out coal to carbon market loopholes, here’s what you should know:

1. Progress on slicing emissions, however nowhere close to sufficient

The Glasgow Climate Pact is incremental progress and never the breakthrough second wanted to curb the worst impacts of local weather change.

The UK authorities as host and due to this fact president of COP26 needed to maintain 1.5C alive, the stronger aim of the Paris Agreement. But at finest we are able to say the aim of limiting international warming to 1.5C is on life help it has a pulse however it’s practically lifeless.

The Paris Agreement says temperatures needs to be restricted to effectively under 2C above pre-industrial ranges, and international locations ought to pursue efforts to restrict warming to 1.5C. Before COP26, the world was on monitor for two.7C of warming, based mostly on commitments by international locations, and expectation of the adjustments in expertise.

Announcements at COP26, together with new pledges to chop emissions this decade, by some key international locations, have decreased this to a finest estimate of two.4C.

More international locations additionally introduced long-term internet zero targets. One of an important was India’s pledge to succeed in internet zero emissions by 2070.

Critically, the nation stated it will get off to a fast begin with a large enlargement of renewable power within the subsequent ten years in order that it accounts for 50 per cent of its whole utilization, decreasing its emissions in 2030 by 1 billion tonnes (from a present whole of round 2.5 billion).

Fast-growing Nigeria additionally pledged internet zero emissions by 2060. Countries accounting for 90 per cent of the world’s GDP have now pledged to go internet zero by the center of this century.

A world warming by 2.4C remains to be clearly very removed from 1.5C. What stays is a near-term emissions hole, as international emissions look more likely to flatline this decade quite than exhibiting the sharp cuts essential to be on the 1.5C trajectory the pact requires. There is a gulf between long-term internet zero targets and plans to ship emissions cuts this decade.

2. The door is ajar for additional cuts within the close to future

The ultimate textual content of the Glasgow Pact notes that the present nationwide local weather plans, nationally decided contributions (NDCs) within the jargon, are removed from what is required for 1.5C. It additionally requests that international locations come again subsequent 12 months with new up to date plans.

Under the Paris Agreement, new local weather plans are wanted each 5 years, which is why Glasgow, 5 years after Paris (with a delay resulting from COVID), was such an essential assembly.

New local weather plans subsequent 12 months, as a substitute of ready one other 5 years, can hold 1.5C on life help for one more 12 months, and offers campaigners one other 12 months to shift authorities local weather coverage. It additionally opens the door to requesting additional NDC updates from 2022 onwards to assist ratchet up ambition this decade.

The Glasgow Climate Pact additionally states that using unabated coal needs to be phased down, as ought to subsidies for fossil fuels. The wording is weaker than the preliminary proposals, with the ultimate textual content calling for less than a section down and never a section out of coal, resulting from a last-second intervention by India, and of inefficient subsidies. But that is the primary time fossil fuels have been talked about in a UN local weather talks declaration.

In the previous, Saudi Arabia and others have stripped out this language. This an essential shift, lastly acknowledging that use of coal and different fossil fuels have to be quickly decreased to sort out the local weather emergency. The taboo of speaking concerning the finish of fossil fuels has been lastly damaged.

3. Rich international locations continued to disregard their historic accountability.

Developing international locations have been calling for funding to pay for loss and injury, comparable to the prices of the impacts of cyclones and sea stage rise.

Small island states and climate-vulnerable international locations say the historic emissions of the foremost polluters have brought about these impacts and due to this fact funding is required.

Developed international locations, led by the US and EU, have resisted taking any legal responsibility for these loss and damages, and vetoed the creation of a brand new Glasgow Loss and Damage Facility, a manner of supporting susceptible nations, regardless of it being referred to as for by most international locations.

4. Loopholes in carbon market guidelines might undermine progress

Carbon markets might throw a possible lifeline to the fossil gas trade, permitting them to assert carbon offsets and keep on enterprise as (practically) standard.

A tortuous sequence of negotiations over article 6 of the Paris Agreement on market and non-market approaches to buying and selling carbon was lastly agreed, six years on. The worst and largest loopholes had been closed, however there may be nonetheless scope for international locations and firms to recreation the system.

Outside the COP course of, we are going to want a lot clearer and stricter guidelines for firm carbon offsets. Otherwise anticipate a sequence of expos from non-governmental organisatios and the media into carbon offsetting beneath this new regime, when new makes an attempt will emerge to attempt to shut these remaining loopholes.

5. Thank local weather activists for the progress their subsequent strikes can be decisive.
It is evident that highly effective international locations are shifting too slowly they usually have made a political resolution to not help a step change in each greenhouse fuel emissions and funding to assist income-poor international locations to adapt to local weather change and leapfrog the fossil gas age.

But they’re being pushed exhausting by their populations and notably local weather campaigners. Indeed in Glasgow, we noticed big protests with each the youth Fridays for Future march and the Saturday Global Day of Action massively exceeding anticipated numbers.

This signifies that subsequent steps of the campaigners and the local weather motion matter. In the UK this can be attempting to cease the federal government granting a licence to take advantage of the brand new Cambo oil subject off the north coast of Scotland.
Expect extra motion on the financing of fossil gas initiatives, as activists attempt to lower emissions by ravenous the trade of capital. Without these actions pushing international locations and firms, together with at COP27 in Egypt, we can’t curb local weather change and defend our treasured planet.

The authors of The Conversation article are Simon Lewis Professor of Global Change Science at University of Leeds and, UCL, and Mark Maslin, Professor of Earth System Science, UCL. Read the unique article right here.

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