Five Key Takeaways from COP26

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Share on email
Email

‘We are already in trouble. The stability we depend on is already breaking.’ Sir David Attenborough posed a challenge to the COP26 delegates, ‘the generation to come will look at this conference and consider one thing, did that number [carbon particles in the atmosphere] stop rising and start to drop as a result of commitments made here?… If working apart, we are a force powerful enough to destabilize our planet; together, we are powerful enough to save it.’

Source: CNN – Greta Thunberg “No more Bla, Bla, Bla”

 

The Glasgow Climate Pact (‘the Pact’) made a handful of essential and ambitious commitments. If complied with, the Pact will result in a warming of 2.4°C, down from  3.2°C under the Paris Agreement.  We must, however, remain sceptical and hold governments accountable for their climate commitments. This article highlights five key takeaways from the Pact.

Targeting 1.5°C

The Pact provides that states will ‘pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels. This is significant because many experts voiced the concern that the 1.5°C target would be forgotten and the original 2°C target would take its place. However, the language used regarding the 1.5°C target was non-committal.

Key takeaway: states remain reasonably ambitious by pursuing the 1.5°C targets, but the watered-down language lacks real commitment.

Climate Finance

The Pact urges developed countries to ‘mobilize climate finance’ over US$100 billion annually for developing nations to mitigate and adapt to climate change. States agreed to US$100 billion annually from 2020 in the Paris Agreement. However, this obligation was not complied with. Consequently, the Pact requires that states will make good on these obligations retrospectively.

For the first time, States also committed to continuing discussions on making reparations for ‘loss and damage’ to developing countries. Importantly, these obligations align with the principle of common but differentiated responsibility, which requires that states support developing countries with mitigation and adaptation by providing financial resources, technology transfers, and capacity-building.

Key Takeaway: States have committed to fulfilling retrospective climate finance obligations and to increase the amount of climate finance beyond US$100 billion moving forward. However, we need to remain skeptical and hold developed countries to account because they did not uphold their previous commitments to provide climate finance.

Closing the Gap in 2022

States have committed to meet again next year, rather than every five years, to close the gap on the 1.5°C targets. This is HUGE. Hosting COP27 in Egypt next year will mean that climate change is on the media’s lips again in 2022, and there will be consistent pressure on governments to take climate action. It will be interesting to see how COP27 influences elections held in 2022 in countries like Australia and Brazil, which remain climate laggards.

Key Takeaway: Meeting, negotiating, and ratcheting up climate ambition more regularly will ensure that climate policies are more up to date with the most recent science and ensure that climate policy is always at the forefront of voters’ and politicians’ minds.

China, India, and the Coal Controversy

The Climate Pact included commitments to reduce fossil fuel subsidies and states’ reliance on coal for the first time. In dramatic eleventh-hour negotiations, India requested that Article 36 require that states’ phase down’ coal rather than ‘phase out.’ This watered-down commitment was highly disappointing, but delegates assured the public that such a concession was necessary to save the agreement.

Further, China and India committed to net-zero by 2060 and 2070, respectively. Ostensibly, these commitments lacked the urgency and ambition necessary to achieve net-zero by the mid-century. However, the wonderful Christina Figueres persuasively argued that net-zero by 2060 and 2070 might really mean net-zero by 2050 because India and China have a history of under-promising and over-delivering.

We must remember that the Paris Agreement provided for common but differentiated responsibility. Developing countries should not be expected to cease coal production when developed countries like Australia and the US do not. Developing countries must lead with ambition and urgency while providing support to developing countries to decarbonize.

Key takeaway: India’s negotiations watered down the Paris Agreement, and China failed to show up at all. However, developed countries must support developing countries through climate finance and technology transfers while transitioning away from coal with ambition and urgency. We cannot put all the blame on India and China for not ceasing coal production.

Side Deals

The US and EU led negotiations to reach an agreement in which about 100 countries committed to reducing methane by 30% on 2020 levels by 2030. Methane reductions are essential because they have must more acute short-term effects on climate change.

The US and China committed to cooperate on climate change action. The agreement somewhat relieved concerns that China’s absence from COP26 symbolized a relaxation of the state’s intention to reduce emissions.

Further, 100 countries are also committed to halting and reversing deforestation by 2030. This agreement was backed by stakeholders who will shift capital and agricultural commodity companies who intend to change their supply chain.

Key Takeaway: Incredibly, Dr Fatih Birol from the International Energy Agency estimates that the warming could be kept to 1.8°C if the commitments under the Glasgow Climate Pact and the side deals are complied with.

Closing Remarks

Wiping away tears, Alok Sharma said in the closing ceremony that “today we can say with credibility that we’ve kept 1.5 (degrees Celsius) within reach… But its pulse is weak, and we will only survive if we keep our promises.”

We should applaud the ambitious efforts of the COP26 delegates. However, we must remain skeptical and hold states accountable for the commitments made at COP26 because many governments have a history of greenwashing, and ‘we will only survive if we keep our promises.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Share on email
Email

Leave a Comment

Your email address will not be published.

Join our newsletter
Get eco-up-to-date for your next dinner

A five minute read that will catch you up with all the environmental news you need to know. Start your day becoming better and follow it doing better!

You may also like