The agreement – although not legally binding – will set the global climate change agenda for the next decade: there are also fears, particularly from indigenous communities and civil society, that the agreement, which calls on 197 countries to report on their progress towards more climate ambitions next year at COP27 in Egypt, too little and too late. Ugandan climate activist Vanessa Nakate told leaders: “We are drowning in promises. Only immediate and drastic measures will lift us out of the abyss. The United States and China, the world`s largest emitters of greenhouse gases, have agreed to intensify cooperation in the fight against climate change over the next decade. They said they would work together to increase the use of renewable energy, develop regulatory frameworks and deploy technologies such as carbon capture. Countries stressed the urgency of acting “in this critical decade” where carbon dioxide emissions must be reduced by 45% to reach net zero by mid-century. But with current climate plans – nationally set contributions – far from achieving their ambitions, the Glasgow Climate Pact calls on all countries to present stronger national action plans next year, rather than in 2025, which was the original timetable. Countries also requested the UNFCCC to produce an annual synthesis report on NDCs to measure the current level of ambition. The fight against climate change is essential for the future of Europe and the world. In 2019, EU leaders endorsed the goal of achieving a climate-neutral EU by 2050. This followed the commitments made by the EU and its Member States when the Paris Agreement was signed in 2015. What does climate neutrality mean and how will the EU achieve this goal while promoting the well-being of its citizens? The UK`s new £55.5 million climate change funding for Pakistan is divided into three parts: (i) A 5-year climate resilience programme – worth £38 million – will help Pakistan`s poorest communities protect themselves from climate change; (ii) a £15 million water policy programme over 5 years will make water use in Pakistan more sustainable and access to water more equitable; and (iii) an additional £2.5 million to support new ways to attract much-needed climate investments to Pakistan, including the development of a nature performance bond.
There is an urgent need for action on climate change. COP26 brought together world leaders to act together to limit rising temperatures and climate change. In November, the UK, together with our partner Italy, hosted an event that many saw as the world`s best last chance to tackle out-of-control climate change. The countries agreed on the remaining issues of the so-called Paris Regulation, the operational details for the practical implementation of the Paris Agreement. These include carbon market standards, which allow countries struggling to meet their emissions targets to buy emission reductions from other countries that have already exceeded their targets. Negotiations on an enhanced transparency framework were also concluded, providing a common timetable and agreed formats for regular reporting by countries on progress made in order to build confidence that all countries will play their part in global efforts. Last week, the UK announced more than £55 million to help Pakistan build resilience to the effects of climate change, manage water more sustainably and unlock climate investments. Pakistan is ranked 8th among the countries most vulnerable to climate change, with rising temperatures threatening to melt 36% of glaciers along the Hindu Kush and Himalayan mountains by 2100. Recognizing that climate change is having an increasing impact on people, particularly in developing countries, countries agreed to strengthen a network – known as the Santiago Network – that connects vulnerable countries with providers of technical assistance, knowledge and resources to address climate risks. They also launched a new “Glasgow Dialogue” to discuss how to finance activities to prevent, minimise and combat loss and damage related to the adverse effects of climate change.
It was agreed that countries will meet next year to promise further reductions in emissions of carbon dioxide (CO2) – a greenhouse gas that causes climate change. As host of COP26 (along with Italy), the UK had promoted international action and support to adapt to the effects of climate change, which are already impacting lives, livelihoods and natural habitats around the world. Thirty-five countries have joined the Coalition for Adaptation Action and more than 2,000 companies, investors, regions, cities and other non-state actors have joined the Race for Resilience. More than 40 countries and organizations have joined the Risk-Informed Early Action Partnership and pledged to protect 1 billion people from disasters by 2025. For the first time ever, something important happened: each country agreed to jointly limit global warming to well below 2 degrees and aim for 1.5 degrees, adapt to the effects of climate change and provide money to achieve these goals. At the COP26 summit, a new global agreement – the Glasgow Climate Pact – was reached. It was organized in collaboration with YOUNGO, the official youth group of the United Nations Framework Convention on Climate Change (UNFCCC), and was one of the largest global youth climate conferences entirely led by youth in the world. In the run-up to COP26, the UK has been working with all countries to reach agreement on how to tackle climate change.
World leaders, along with tens of thousands of negotiators, government officials, businesses and citizens, arrived in Scotland for twelve days of talks. COP stands for “Conference of the Parties” to the United Nations Convention on Climate Change (UNFCCC). COP26 is the 26th meeting of the Parties to the Convention and was hosted by the United Kingdom in partnership with Italy. The Glasgow Climate Pact will accelerate the pace of climate action. All countries agreed to reconsider and strengthen their current 2030 emissions targets, known as Nationally Determined Contributions (NDCs), in 2022. This will be combined with an annual policy roundtable to review a global progress report and a summit of heads of state and government in 2023. Philippe Lefebure explains why COP26 is an important opportunity to act for the climate. It also acknowledges that rich countries have not kept their promise to provide $100 billion a year to help the poorest countries meet the challenges of climate change. .