November 12, 2021
After two weeks of deliberations, today marks the end of the COP26 climate summit in Glasgow.
We have been following the negotiations and commitments closely in the hope that together nations will find a way to keep the Paris Agreement target of 1.5 Â° C within reach.
Here, we take a look at five pledges made at COP26 that cover the event’s four priorities – coal, cars, money and trees – with an extra for good measure.
Nations pledge to quit coal
On Thursday, November 4, more than 40 countries pledged to phase out coal-fired electricity. Countries that rely heavily on coal-fired electricity, including Poland, Vietnam and Chile, have all signed the deal. Major economies pledged to phase out their dependence on coal by 2030, while poorer countries pledged to phase it out by 2040. Many organizations also signed the pledge, including several big banks which have agreed to stop financing the coal industry.
Countries agree to switch to zero emission vehicles
Transport day at COP26 saw more than 30 nations, 11 automakers and dozens of organizations sign a declaration pledging to work together to ensure that all sales of new cars and vans are zero emissions by now. 2040. The pledge also includes a pledge to support active and shared travel and public transport. The names of some major countries and companies were notably absent from the list of signatories, including the United States, China, Toyota and Volkswagen.
Cash commitments to help countries adapt to climate change
Throughout the fortnight, countries made new commitments to increase funding to help developing countries cope with the impacts of climate change. New pledges from the UK, Spain, Japan, Australia and Luxembourg – among others – build on the plan to deliver $ 100 billion a year to developing countries. The UK has pledged Â£ 290million to help poorer countries, most of which will be used to invest in climate action, improve conservation and ensure low-carbon development in countries across Asia and the United Kingdom. Peaceful.
World leaders pledge to end deforestation by 2030
In the first major climate summit deal, more than 100 world leaders pledged to end and reverse deforestation by the end of this decade. Backed by $ 19.2 billion in public and private funds, the pledge was signed by countries that cover approximately 85% of the world’s forests, including Canada, Brazil, Russia, Indonesia and the United Kingdom. United. On the same day, Amazon founder Jeff Bezos pledged Â£ 1.5 billion to restore the landscape and transform food systems.
China, US strike surprise pact to boost climate cooperation
Our last big announcement from COP26 somewhat surprised most observers. Following the publication of a draft summit agreement on Wednesday, November 10, early the next day, the world’s two biggest carbon emitters, China and the United States, announced they would spend more than time and resources to help reduce emissions and keep global temperature rise below 1.5 Â° C. China, however, refused to join a global agreement earlier at the summit to limit methane emissions by 30% by 2030, from 2020 levels. Methane is one of the most greenhouse gases. powerful and is responsible for about a third of the current warming due to human activities.
Last updated: November 12, 2021