The final outcome of Cop26 is the “Glasgow climate pact.” Whether you think it made some “serious breakthroughs” as UK PM Boris Johnson said, or term it a “betrayal” as averred by Amnesty International – one thing is clear- much work still remains to be done if we want to keep any hope of curbing global warming alive. While Cop26 certainly made some progress on carbon market rules it didn’t do much to mitigate the concerns of vulnerable countries about climate finance.
True, the pact does “urge” developed country Parties to “at least double their collective provision of climate finance for adaptation to developing country Parties from 2019 levels by 2025” but “loss and damage” – compensation for poor countries to deal with climate change did not make it into the final pact.
Also, a last minute change, insisted upon by India regarding coal caused much disagreement. What it did lead to in the end, is a further watering down of the language around coal use. From “phasing out” coal countries are now supposed to “phase down.”
Alok Sharma, president of Cop26, has said that they managed to keep the 1.5C goal alive. “But, its pulse is weak and it will only survive if we keep our promises and translate commitments into rapid action,” he added.
Under the pact, countries will be negotiating next year, to revise their carbon emission targets. That’s the only way we can limit warming to 1.5C.
From : pk.mashable.com