his dust They settled in Glasgow and the diplomats returned to their regions of the world. The much-anticipated COP26 climate conference for the United Nations in Scotland concluded on Saturday with all nations agreeing to the Glasgow Climate Pact.
Despite a dramatic last-minute push by India and China that softened coal language from relentless “phasing out” of coal to “phasing out,” nearly 200 countries signed the agreement. But that wasn’t the only outcome of the two-week conference, which saw a barrage of new national commitments and joint pledges, as well as agreements on remaining parts of the Paris “rule book”, outlining how the 2015 Paris Agreement would operate in the exercise. Here are six of the most important numbers to keep in mind.
Boris Johnson, in the UK’s role as summit host, made ‘keep 1.5°C alive’ hallmark COP26, even if it is determined exactly what that means in a world currently heading for 2.4°C, or even 2.7°C, is somewhat elusive.
As early as COP26, the two countries began discussing the idea of returning to the negotiating table in 2022 with better pledges – consensus around this is one of the main outcomes of the negotiations. The final text states that countries must “reconsider and strengthen the 2030 targets” as necessary to align with the temperature target of the Paris Agreement by the end of 2022.
“Although this is not a perfect script, we have taken important steps forward in our efforts to keep 1.5 alive,” said Milagros de Camps, the Dominican Republic’s deputy environment minister who is a member of the Alliance of Small Island States (AOSIS). , at the COP 26 closing plenary on Saturday.
However, some countries have already claimed that a return to the schedule next year does not apply to them, including major emitting countries such as Australia and the United States. So we can expect a lot of pressure from activists over the next 12 months to bring this into practice.
2 million pounds ($2.7 million) in climate losses and damages
A noteworthy achievement at COP26 was Scotland’s pledge of £2 million ($2.7 million) to vulnerable nations in exchange for losses and damages from the climate crisis. No developed country has offered such money before, so while the amount is small in terms of actual cash on offer, it is significant in terms of its policy.
Loss and damage refer to damage from climate change that simply can no longer be adapted to, such as climate migration due to drought or loss of island land due to rising sea levels. The Paris Agreement acknowledges it is an issue, but rich countries have been very reluctant to provide it with any kind of funding, including at COP26.
So Scottish First Minister Nicola Sturgeon’s comments last week that “rich industrialized nations that have caused climate change… have a responsibility to escalate it, recognize it and address it” was a surprising breakthrough. Her use of the words “compensation” and “debt” in this context is also important, given the tremendous resistance from many developed countries, especially the United States, to using this type of language.
40 billion dollars
In 2009, developed countries pledged $100 billion annually in climate finance to developing countries by 2020 to help them transition to greener economies, as well as deal with the effects of climate change, known as adaptation.
The Paris Agreement promises to “balance” climate finance for mitigation and adaptation, but in 2019 about $50 billion went to mitigation versus just $20 billion for adaptation. And the original pledge of $100 billion by 2020 has certainly been missed, a major tension in the talks this year.