COP26 retains 1.5C alive and finalises Paris Settlement

COP26 President Alok Sharma gestures as he receives applause throughout the UN Local weather Change Convention (COP26) in Glasgow, Scotland, Britain November 13, 2021. REUTERS/Yves Herman

COP26 has concluded in Glasgow with practically 200 international locations agreeing the Glasgow Local weather Pact to maintain 1.5C alive and finalise the excellent parts of the Paris Settlement.

Local weather negotiators ended two weeks of intense talks on Saturday with consensus on urgently accelerating local weather motion.

The Glasgow Local weather Pact, mixed with elevated ambition and motion from international locations, implies that 1.5C stays in sight, however it can solely be delivered with concerted and rapid world efforts.

The Glasgow Local weather Pact will pace up the tempo of local weather motion. All international locations agreed to revisit and strengthen their present emissions targets to 2030, often called Nationally Decided Contributions (NDCs), in 2022. This will probably be mixed with a yearly political roundtable to think about a world progress report and a Leaders summit in 2023.

The Paris Rulebook, the rules for the way the Paris Settlement is delivered, was additionally accomplished immediately after six years of discussions. This can permit for the complete supply of the landmark accord, after settlement on a transparency course of which can maintain international locations to account as they ship on their targets. This consists of Article 6, which establishes a strong framework for international locations to trade carbon credit by means of the UNFCCC.

And for the primary time, heeding calls from civil society and international locations most weak to local weather impacts, the COP agreed motion on phasing down fossil fuels.

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COP selections went additional than ever earlier than in recognising and addressing loss and harm from the present impacts of local weather change.

There have been additionally commitments to considerably improve monetary help by means of the Adaptation Fund as developed international locations have been urged to double their help to creating international locations by 2025.

The ultimate COP26 textual content follows two years of intense diplomacy and campaigning undertaken by the UK Presidency to boost ambition and safe motion from nearly 200 international locations.

Work focussed on driving quick time period discount of emissions to restrict temperature rises to 1.5C, mobilising each private and non-private finance, and supporting communities to adapt to local weather impacts.

When the UK took on the COP26 mantle, in partnership with Italy, practically two years in the past, solely 30% of the world was coated by internet zero targets. This determine is now at round 90%. Over the identical interval, 154 Events have submitted new nationwide targets, representing 80% of world emissions.

Whereas on the world’s roads, the transition to zero emissions autos is gathering tempo, with a few of the largest automotive producers working collectively to make all new automotive gross sales zero emission by 2040 and by 2035 in main markets. International locations and cities are following swimsuit with bold petrol and diesel automotive phaseout dates.

Present insurance policies would go away us on a path to a devastating temperature rise. However work achieved by impartial consultants Local weather Motion Tracker present that with the complete implementation of the contemporary collective commitments might maintain temperature rise to 1.8C.

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Even with the motion dedicated each throughout and earlier than COP26, communities world wide will proceed to really feel the influence of our altering planet.

Reflecting on the duty forward, COP26 President Alok Sharma stated: “We will now say with credibility that we’ve got saved 1.5 levels alive. However, its pulse is weak and it’ll solely survive if we hold our guarantees and translate commitments into fast motion. I’m grateful to the UNFCCC for working with us to ship a profitable COP26.

“From right here, we should now transfer ahead collectively and ship on the expectations set out within the Glasgow Local weather Pact, and shut the huge hole which stays. As a result of as Prime Minister Mia Mottley informed us initially of this convention, for Barbados and different small island states, ‘two levels is a loss of life sentence’.

“It’s as much as all of us to maintain our lodestar of holding 1.5 levels inside attain and to proceed our efforts to get finance flowing and increase adaptation. After the collective dedication which has delivered the Glasgow Local weather Pact, our work right here can’t be wasted.”