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Know COP26, World’s Most Important Climate Meet

World Promise to Conserve Remaining Forest

The world is now looking at Glasgow where the Leaders have gathered for COP 26, where they would discuss threadbare climate change. In a world shaken by a pandemic, and a fast-closing unity to avoid climate catastrophe, the most important climate conference COP26 kicked off on October 31 in the Scottish city of Glasgow

Let us look at what COP26 is.
OTHER AGREEMENTS AND COP26 INTEREST

Various “extensions to the UNFCCC treaty have been negotiated during these COPs. These include the “Kyoto Protocol” in 1997, which defined emission limits for developed nations to be achieved by 2012 and the Paris Agreement, adopted in 2015, in which all countries of the world agreed to step up efforts to try and limit global warming to 1.5°C above pre-industrial temperatures, and boost climate action financing.

In COP26 the delegates will aim to finalise the ‘Paris Rulebook’, or the rules needed to implement the Agreement. This time they will need to agree on common time frames for the frequency of revision and monitoring of their climate commitments. Basically, Paris set the destination, limiting warming well below two degrees, (ideally 1.5) but Glasgow, is the last chance to make it a reality.

A LAST CHANCE?

Climate change has gone from being an uncomfortable low-level issue, to a life-threatening global emergency, in the past three decades. Although there have been new and updated commitments made by countries ahead of COP26, the world remains on track for a dangerous global temperature rise of at least 2.7°C this century even if Paris goals are met.

A rise of temperatures of that magnitude by the end of the century could mean, among other things 62 per cent increase in areas scorched by wildfires in the Northern Hemisphere during summer. It also means loss of habitat of a third of the mammals in the world and more frequent four to 10 month-long droughts.

UN chief António Guterres calls it “climate catastrophe”, one that it is already being felt to a deadly degree in the most vulnerable parts of the world like sub-Saharan Africa and Small Island States, lashed by rising sea levels.

Millions of people are already being displaced and killed by disasters exacerbated by climate. The clock is already ticking and to have a chance of limiting the rise. The world needs to halve greenhouse emissions in the next eight years.

WHAT COP26 HOPES TO ACHIEVE

Four main points will be discussed during the conference

  1. Secure global net zero by mid-century and keep 1.5 degrees within reach:

To do this countries need to accelerate the phase-out of coal, curb deforestation, speed up the switch to greener economies Carbon market mechanisms will be also part of the negotiations.

  1. Adapt more to protect communities and natural habitats: Since the climate is already changing countries already affected by climate change need to protect and restore ecosystems, as well as build defences, warning systems and resilient infrastructure.
  2. Mobilise finance: AT COP15 rich nations promised to channel 100 billion dollars a year to less-wealthy nations by 2020 to help them adapt to climate change and mitigate further rises in temperature. That promise was not kept, and COP26 will be crucial to secure the funds, with the help of international financial institutions, as well as set new climate finance targets to be achieved by 2025.
  3. Work together to deliver: This means establishing collaborations between governments, businesses and civil society, and of course, finalising the Paris Rulebook to make the Agreement fully operational. In addition to formal negotiations, COP26 is expected to establish new initiatives and coalitions for delivering climate action
COP EVENTS
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