It is the last day of the COP26 climate summit and a new draft agreement has been published. The new text is still under discussion and the deadline for all the 197 nations to agree to it is 6pm UK time. However, negotiations have a way of never being finished on time and talks are expected to go on well into the weekend.
— Camilla Born (@camillaborn) November 11, 2021
So what does the new draft say and how is it different from the one published on Wednesday? Well for one it still keeps the words: “coal,” “gas” and “fossil fuels” – an achievement in itself when one considers that major fossil fuel producers had demanded these words to be cut from the text and that previous summit texts did not contain any reference to “fossil fuels.”
But, and this is a major BUT the wording is still open to interpretation and has been considerably ‘softened’ compared to Wednesday’s draft.
The previous version simply asked countries to “accelerate the phasing out of coal and subsidies for fossil fuel.” The new one asks them to accelerate the “the phaseout of unabated coal power and of inefficient subsidies for fossil fuels.” That certainly provides countries with some leeway to stick to the ‘business as usual’ mode. It is remarkable how just adding two words, “unabated” and “inefficient” can make quite a difference!
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— COP26 (@COP26) November 12, 2021
The new draft also asks countries to revise their national emissions-cutting targets next year as the recent nationally determined contributions will lead to 2.4C of heating.
It also retains the goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels.
“Limiting global warming to 1.5°C requires rapid, deep and sustained reductions in global greenhouse gas emissions, including reducing global carbon dioxide emissions by 45% by 2030 relative to the 2010 level and to net zero around mid-century,” the text reads.
From : pk.mashable.com