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COP26: Takeaways from the new UN climate deal

GLASGOW, SCOTLAND —
After two years of preparation and 13 days of powerful talks, did negotiators on the UN local weather assembly in Glasgow save the planet?

In brief: no.

However they had been hardly anticipated to take action. The annual Convention of the Events, simply held for the twenty sixth time, is all about getting international locations to regularly ratchet up their measures to defuse world warming.

The main target of the Glasgow talks was to not forge a brand new treaty however to finalize the one agreed to in Paris six years in the past and to construct on it by additional curbing greenhouse fuel emissions, bending the temperature curve nearer to ranges that do not threaten human civilization.

This is a take a look at what was achieved in Glasgow:

AIMING FOR FEWER EMISSIONS

Going into the Glasgow talks, most international locations, together with america, China and the 27 members of the European Union, declared new, extra formidable targets for decreasing emissions.

Some, resembling India, introduced extra measures on the assembly itself. Facet offers brokered by host nation Britain coated points resembling reversing deforestation, boosting electrical automobiles, phasing out coal, clamping down on methane emissions and unlocking investor money for the battle in opposition to local weather change.

Inside the official negotiations, international locations agreed to firmly deal with essentially the most formidable purpose within the 2015 Paris accord, of maintaining world warming from going past 1.5 levels Celsius. Specialists and weak international locations have lengthy advocated that threshold, however some nations beforehand held onto the choice of aiming for “nicely under 2 C.”

Additionally they agreed to explicitly goal coal use and fossil gasoline subsidies, although the unique proposals had been tremendously watered down.

In a bid to spur additional ambition, main emitters will likely be requested to current new targets on the 2022 UN local weather convention in Egypt.

AID TO POOR COUNTRIES

There was dangerous blood going into the assembly as a result of wealthy international locations have failed to fulfill their pledge of offering US$100 billion annually by 2020 to assist poor nations deal with local weather change.

The ultimate settlement expressed “deep remorse” concerning the funding failure and urges wealthy nations to give you the cash as quickly as potential.

The share and sum of money earmarked for poor international locations to adapt to rising sea ranges and different impacts of local weather change was additionally elevated, although not by as a lot as that they had demanded.

NO REPARATIONS

Rich nations resembling america and European Union members rejected calls for to ascertain a fund to compensate poor international locations for the destruction wrought by local weather change, which developed international locations are considerably answerable for due to their previous emissions.

Many weak international locations had been angered by the choice however nonetheless backed the settlement within the hope of creating progress on the “loss and injury” subject subsequent yr in Egypt.

CARBON TRADING RULES

Fixing the foundations on worldwide cooperation for decreasing emissions, together with carbon markets, had eluded nations since Paris. Six years on, it remained one of many hardest-fought points within the negotiating room over the previous two weeks.

The principles masking what’s often known as Article 6 will turn out to be more and more necessary as international locations and firms intention to chop their emissions to “internet zero” by 2050 by balancing out any remaining air pollution they produce with an equal quantity of carbon captured elsewhere.

Whereas a compromise was discovered that proponents say might add trillions of {dollars} to the battle in opposition to local weather change, some international locations and environmental teams concern the deal left important loopholes which might undermine the integrity of the system by permitting sure emissions cuts to be counted twice.

A shift by Brazil, underneath strain by a few of its main firms, proved decisive in clinching the deal. In return, the nation will get to maintain some carbon credit it amassed underneath an older system that consultants say wasn’t credible.

A small surcharge on carbon trades will go towards a fund to assist poor international locations adapt to world warming, however campaigners had hoped for the levy to be utilized extra broadly and blamed U.S. opposition for that occuring in Glasgow.

TECHNICAL TWEAKS

Nations agreed to a number of tweaks to the foundations on how and the way typically they should report what they’re doing to scale back emissions. Whereas this will likely appear technical, consultants argue that larger transparency and extra frequent accounting are necessary for constructing belief as a result of nations are intently watching what others do.

China has been significantly cautious of getting others scrutinize its efforts too intently. Together with different developed and rising economies, it’s now anticipated to report each 5 as an alternative of each 10 years.

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